In brief
- According to a recent IDC worldwide survey, 47% of financial institutions intend to keep production workloads on-prem for the next 2 years, either on private cloud or traditional platforms*
- Even though cloud has become a transformative banking technology, the on-prem datacenter is still a critical deployment for many banks as part of an overall fit-for-purpose infrastructure strategy
- Traditional mainframes have consistently provided high availability, security and transactional throughput. However, now they support microservices-based workloads, IoT, AI/ML workloads, modern development tools and agile development, too
Ensuring that mainframe-based platforms continue to provide secure, resilient and scalable operations for the bank is essential. Therefore, partnerships must be forged to mitigate the global lack of skilled staff that can help transform, even operate, the infrastructure.
Potential partners must understand the rules of banking (e.g., resilience, data sensitivity, regulatory compliance, performance and scalability) and the characteristics of mainframe development and operations. But the right partner will also have wide-ranging expertise in digital infrastructure — including cloud and edge — as these technologies must be perfectly meshed to maintain the characteristics banks require.
Zoreza Global, a DXC Technology company, is that partner. With over 4 decades of experience developing bespoke software for banking, wealth management, lending, payments and core modernization, we specialize in supporting banks on their digital transformation journey.
The potential of cloud, AI and other emerging technologies is causing banks to review the deployment of their most critical workloads. Examine the process and outcome in the report below.
*IDC Spotlight, sponsored by Zoreza Global, Creating the Bank’s Fit-for-Purpose Infrastructure for Critical Workloads, doc #US51316723, October 2023.
