The BFSI (banking, financial services, and insurance) vertical
is data-intensive and handles significant volumes of customer data. Banks hold
data that is dynamic in nature, such as customers’ contact details. Traditionally,
such data is stored in systems that are not interconnected. Data
integration software solutions in BFSI help to integrate this isolated data
from all their systems, get a bird’s-eye view of customers and prospects,
provide their clients with customized banking/financial services, and achieve
operational success.
International
Business Machines Corporation, popularly known as IBM,
is a global information technology company with operations in more than 170
countries. It is recognized by 360Quadrants
as a visionary leader for its effective data integration services and strong
business strategies. Visionary leaders on the 360Quadrants platform, including
IBM, bolster their market presence through industry-standard solutions.
Recently, IBM entered into an agreement with Japan-based
Fukui Bank. As per the terms of this agreement, IBM will help Fukui Bank migrate
its distributed processing system to IBM Cloud. This migration will enable
Fukui Bank to undergo operational transformation with an aim of addressing
customer needs while supporting local community development. Fukui Bank is also
revolutionizing its managerial environment and hence relies on IBM for a
flexible IT environment that does not compromise on operational security.
Through IBM Cloud’s framework, applications in a virtual
environment can be migrated on an ‘as is’ basis. This will allow Fukui Bank to
create a cloud environment swiftly. As Fukui Bank migrates data and applications
to the cloud, it will also make use of IBM Cloud Migration Factory to undertake
a multi-pronged approach and re-host, re-architect, re-platform, and modernize
its digital infrastructure. IBM Cloud Migration Factory leverages automation
and other tools to reduce the bank’s migration costs and time.
Fukui Bank’s core banking system, as well as several hundred
of its other distributed systems, have been built across its branches and
offices for their individual operations. The bank is taking advantage of IBM
Cloud to amalgamate these distributed processing systems and has plans to
migrate vital workloads through IBM Cloud for VMware Solutions. This will
enable Fukui Bank to efficiently migrate its operations to the cloud without
changing existing tools or processes or altering the level of control or security.
The bank will also have the ability to use IBM Cloud for building an entirely native
next-generation virtual infrastructure environment, which will allow the bank
to easily increase cloud usage and hybrid cloud adoption in the future.
