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he financial services industry is undergoing more rapid change than at any time in its history. At the core of this process lies technology. The digital era is enabling banks to use their vast wealth of data more effectively to develop new services and become more agile in the face of changing customer expectations. But it is also empowering a new breed of competitor. Fintechs and challenger banks are taking market share in specific niches, delivering intuitive, easy-to-use and highly effective solutions for key processes. At the same time, legacy banks are competing with each other to deliver the best execution, gain deeper insight into customers’ needs, and optimise their range of services. They are also trying to keep costs down and comply with constantly evolving regulatory demands in areas such as sustainability and data security.
Managing all of these priorities is no small feat, so banks are turning to the cloud to deliver the agility, security and cost-efficiency they so badly need. Running an on-premise private cloud infrastructure to these high standards, however, can prove costly and may fail to live up to the highest market standards. In short, banks are realising that they may not be able to do it alone.
Colocation, which involves handing over that private cloud infrastructure to a specialist data centre provider, is the answer to many of these challenges. Data centre companies are in a position to continuously invest in the latest technology, the highest levels of data security and rapid scalability. They can also optimise their
data centre real estate to run on renewable power, reduce energy consumption and cut back on greenhouse gas emissions. NTT Global Data Centers is the epitome of a specialist service provider that can deliver on these priorities. It is not only the third- largest data centre business in the world, but also one of largest ICT companies. As such, it can deliver the highest levels of physical and digital security, as well as best-of-breed connectivity. It is also able to invest heavily in new data centres around the world to enable banks’ services to follow the sun. NTT is investing in new, state-of-the-art data centre real estate
globally, with a 20% increase in footprint planned in the next 18 months alone. This includes initiating a portfolio in Africa, which is the next major destination for the financial services industry, to accompany its global portfolio. A key part of that portfolio is the new London 1 Data Center, which lies at the intersection of key connections to financial hubs across Europe. In the pages that follow, we will examine how NTT’s data centre capacity, as well as its vast array of specialist expertise and its deep financial resources, make it an ideal colocation partner for banks seeking to operate private cloud infrastructure. To succeed with digital transformation, cloud migration and delivering best-of-breed execution, banks must do a great deal of careful planning and significant investment, but specialists from NTT explain how that can not only be made simpler and cheaper, but also deliver results far beyond what any bank could achieve on its own.
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