Hybrid Cloud the Future of Banking Infrastructure

Hybrid Cloud the Future of Banking Infrastructure

There is no denying that hybrid cloud provides a personalized solution. While an on-premise cloud can be optimized for operational availability and stability, an off-premise cloud can be used for the speed and agility which is essential to enrich customer engagement.

Merging both public and private clouds’ advantages while mitigating their limitations, leading banks are already pursuing hybrid solutions. Many bankers have reported that hybrid cloud adoption lowers their total cost of technology ownership, improves operational efficiency, promotes innovation, aids the development of new business models, and supports more fulfilling customer engagement.

To power banking transformation, hybrid cloud engages some powerful business enablers.

1. Cost flexibility

Hybrid cloud assists banks to manage costs with greater flexibility by facilitating a shift from fixed to variable expenses. This shift enables banks to focus on funding business initiatives rather than tying up investments in under-utilized capital requirements.

2. Business scalability

Hybrid cloud not only helps in reducing the need to fund in-house infrastructure but also supports immediate scalability in business functions. A leading North American bank aimed at scaling its operations quarterly to serve its customers satisfactorily during peak hours. The bank implemented hybrid cloud solutions that enabled it to increase its on-premise infrastructure to a secure cloud in workloads, thereby enhancing customer service at reduced costs and higher security.

3. Market adaptability

The hybrid cloud enables market agility, thereby making it cheaper to experiment with new tactics. A leading Australasian bank identified customer experience as their priority area. They implemented a hybrid cloud solution to reduce time to market and delivered an improved mobile experience to its customers.

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