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Cloud Computing: Helping Financial Institutions Leverage the Cloud to Improve IT Efficiency 



IBM's cloud computing solutions improve capital utilization, reducing the excessive infrastructure costs associated with underutilized IT resources. They provide elastic scalability and accelerate time to value. They help increase agility and responsiveness to changing business conditions and foster innovation. IBM provides clear economic value and helps financial institutions work through the right mix of delivery models and choices (by workload) to reap the maximum benefit.

 

 
 
Tags:  IBM  smarter planet  banking  cloud computing  financial institutions  banking cloud computing  IT efficiency  scalability  IT capabilities  IT resources  cloud services  smarter banking  banking solutions 
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Published:  October 04, 2010
 
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Slide 1: Anthony Lipp – Global Strategy Leader, Banking & Financial Markets August 2010 Cloud Computing © 2010 IBM Corporation
Slide 2: Building a smarter planet There are dramatic forces shaping the financial services industry Economy Weak conditions impact investment decisions and reduce need for financial services Trust Rebuilding trust and confidence across the system is critical to future growth and stability Competition Intensified competition with increased M&A, divestitures and entrance of non-bank service providers Regulation Radically increased oversight ushering in a new era of increased government intervention Clients Rapidly evolving expectations for offerings, service unbiased advice, and convenience 2 Capitalization Mature markets and emerging markets alike focus on rebuilding their capital reserves © 2010 IBM Corporation
Slide 3: Building a smarter planet The global financial system is highly complex with many stakeholders and requires new approaches to create value  The global financial system is massively interconnected and interdependent  An adaptive system which is a complex network – evolving organically  The number of intersection points of the financial services networks across the 18 largest countries increased 14x in 20 years1  The system moves more than $74T around the world each day  Digitization of the “real economy” has transformed availability of information and how decisions are made  Anonymity and susceptibility make the system an attractive target for criminal elements  The system intermediates the needs of billions of people in 190 countries — in thousands of languages. 3 Financial institutions Compliance Surveillance and monitoring Regulators Soundness Stability Supervisors Laws and rules Standards Policy makers 1 – Rethinking the Financial Network, Andrew Haldane, Executive Director, Financial Stability, Bank of England © 2010 IBM Corporation
Slide 4: Building a smarter planet Winners are enabling themselves by a new business infrastructure that is more instrumented, interconnected and intelligent Instrumented Advanced capture, tracking and control of digitized transactions and information  Real-time capture and view of continuously streaming data of multiple types and from multiple sources enabling quicker insight and, therefore, faster time-to-market and higher margins   Tracking and detecting the requirements of transaction messages in real-time, enabling automatic routing of payments through least-cost channels 4 Interconnected Integrated capabilities Social networking and online collaboration  Banks systems connecting to governments and regulators in new, smarter ways to identify risk concentrations and, thereby, improve insights around systemic risk issues and global inter-dependencies  Engaging customers as codevelopers through social networking and online collaboration to tailor products and services on demand Intelligent Predictive client analytics Real-time alerts  Enterprise view of data, automated modeling and predictive analytics to provide greater client and business insight.  Real-time alerts of performance problems with insights into the source systems and applications as well as analysis of impact on business processes and service levels. © 2010 IBM Corporation
Slide 5: Building a smarter planet As the planet gets smarter the information explosion and rapid change create new challenges 10x Digital data is projected to grow tenfold from 2007 to 2011 55K PB/Mo Global Internet traffic volume expected by 2013 1 trillion Number of devices will be connected to the Internet by 2011 83% Percentage of CIOs who expect to face substantial change over the next three years © 2010 IBM Corporation 3
Slide 6: Building a smarter planet Today’s IT infrastructure is under tremendous pressure and is finding it difficult to keep up… It will reach a breaking point 66% 66 percent is spent on maintaining current IT infrastructures versus adding new capabilities 82% Percentage of executives who report a security breach and aren’t confident they can prevent future breaches 78% Percentage of CIOs who want to improve the way they use and manage their data 85% idle In distributed computing environments, up to 85 percent of computing capacity sits idle 6 © 2010 IBM Corporation
Slide 7: Building a smarter planet There is a greater need for IT to help address business challenges Doing more with less Higher quality services Reducing risk Breakthrough agility 7 © 2010 IBM Corporation
Slide 8: Building a smarter planet There are three ways to acquire IT capabilities Software, hardware and services Pre-integrated systems and appliances Provided as services Cloud computing is a new delivery and consumption model or methodology spanning all 3 ways. 8 © 2010 IBM Corporation
Slide 9: Building a smarter planet What is different about cloud computing? Without cloud computing With cloud computing  Virtualized resources  Location independent  Automated service  Rapid scalability management  Self-service  Standardized services • • • • Software Hardware Storage Networking • • • • Software Hardware Storage Networking • Software • Hardware • Storage • Networking Service Management Service Management Service Management 9 © 2010 IBM Corporation
Slide 10: Building a smarter planet There is a spectrum of deployment options for cloud computing Private IT capabilities are provided “as a service,” over an intranet, within the enterprise and behind the firewall Enterprise data center Enterprise data center Managed private cloud Third-party operated Public IT activities / functions are provided “as a service,” over the Internet Enterprise A Hosted private cloud Third-party hosted and operated B Enterprise Users A B Private cloud Shared cloud services Public cloud services Hybrid Internal and external service delivery methods are integrated 10 © 2010 IBM Corporation
Slide 11: Building a smarter planet Public and Private Clouds are preferred for different workloads Database and application-oriented workloads emerge as most appropriate Infrastructure workloads emerge as most appropriate 11 Source: IBM Market Insights, Cloud Computing Research, July 2009. n=1,090 © 2010 IBM Corporation
Slide 12: Building a smarter planet Cloud computing framework Application infrastructure for delivering cloud services IT services that are integrated with cloud services Existing services and third-party services, partner ecosystems Business services delivered via the cloud Cloud-based business solutions for industryspecific processes Industry-specific services Integrated capabilities for visibility, control, automation and security of cloud services Business planning / lifecycle management services © 2010 IBM Corporation Process services Collaboration services Analytics services … Shared middleware services Infrastructure services Virtualized and optimized systems storage and networking Capabilities to define an enterprise architecture for business planning/alignment and tools for managing the lifecycle of cloud services 12 Integrated service management and security
Slide 13: Building a smarter planet Ready-to-consume cloud services from IBM IBM Smart Business on the IBM Cloud Business processes  BPM BlueWorks Collaboration  IBM LotusLive Desktop and devices  IBM Smart Business Desktop on the IBM Cloud  IBM Smart Business End User Support Development and test  IBM Smart Business Cloud for development and test Infrastructure Compute  IBM Smart Business Cloud for production workloads  IBM Managed Security Services  IBM Tivoli Live  Smart business expense reporting on the IBM Cloud Infrastructure storage  IBM Information Protection Services Software as a Service  IBM WebSphere Application Server  IBM WebSphere sMash  IBM WebSphere Portal 13  IBM DB2  IBM Informix Dynamic Server  Lotus Domino  Lotus Web Content Mgmt © 2010 IBM Corporation
Slide 14: Building a smarter planet Businesses that implement cloud computing services from IBM are seeing significant results Large Financial Services Provider in Asia Risk & Compliance 30,000 + employee bank deploying a private cloud from IBM to centralize management of desktops via an enterprise class data center rather than at the user stations. Gets greater remote flexibility without sacrificing control. 14 Large Financial Services Provider in South Africa Capitalizing on new efficiencies Reduced labor and infrastructure need to develop and deploy new services. Decreased new application deployment time from 10 weeks to less than 1 week. Accelerated business transformation. Large Global Payments Provider Time to Value Creates an ecosystem for 3rd Party developers. Reduces developer effort to deploy a work environment with seamless. Large Financial Services Provider in the United States Smart Business Test Cloud Created a selfservice, flexible and secure environment to develop, port, test and validate their software on standard systems and middleware. Improved time to market, higher quality and reduced costs. © 2010 IBM Corporation
Slide 15: Building a smarter planet Making cloud computing real New economics with new trade-offs Business flexibility results from IT flexibility Demanding greater speed, control, security and transparency New technology experiences with faster time to market Need solutions that work and are supported consistently. Clear economic value Integrated and open Secure and ready for business Designing for simplicity Globally relevant 15 © 2010 IBM Corporation

   
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