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switching – clients want the full infrastructure on a high- availability platform, and they are often consuming it on a per- payment basis.”
Will the last data centre in town switch off the lights, please?
Jennings says: “When you take that as a function of scope suddenly the bank says – ‘I can switch that off, and I can switch that off, and I can switch that off.’ And at every tender every bank is asking ‘Can you host it?’ It’s amazing – they all ask it. They don’t often do it but they all want to have an option on hosting. And that
Everyone is talking about banking ‘in the moment’. I want everything done ‘in the moment’
“
is in every single market. We are moving strongly to the hybrid model with private and public cloud platforms in use”
What Jennings is saying is very important. It is that quantitive moment when a dream - that eventually even mission-critical data and transaction processing can move to the cloud - has been reached in the minds of the banks. It will still take a long time to achieve but all over the globe, the sound of banks and finance houses switching off their legacy systems and bulldozing their data centres to sell off the land can be heard.
www.ibsintelligence.com | © IBS Intelligence 2017
As Jennings says: “What is driving hosting is that in the traditional marketplaces, where outsourcing was seen as a good thing, there are now big question marks over it or it’s been done to death. For example, if you go to North America where the appetite for hosting there is under question with the Patriot Act coming in.
So, it comes down to the topic of a run; there are so many different angles but it is now the case that banks and finance houses are desperate not to run their own stuff if they can at all make that happen. The maturity of that availability to supply that 2x9s 3x9s 4x9s is being challenged.
“With our Sunguard products now we can provide any type of service level – internal service level agreements (SLAs) at 4x9s – private networks at even higher levels if you want it. But the ability of some other providers to be able to deliver the type of high service-level as a given that the big banks expect is not yet there. That supply chain needs to go through another iteration of maturity. Real high-availability banking services.”
We want a real-time environment for a real-time bank
Jennings says real-time is on everyone’s priority list: “So from the run piece, everyone wants to talk about how they connect to their customers and then everyone is talking about real time. It’s that type of strapline that everyone is talking about banking ‘in the moment’: ‘I want a real-time payment; I want a real-time decision; I want a real-time account; I want everything done in the moment’.”
D3Damon/iStock
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