Cloud Solutions for the Financial Services Industry

7/30/2019 Cloud Solutions for the Financial Services Industry

1/6

Savvis IT Inrastructure

Cloud Solutionsor the FinancialServices Industry

Use Case: Cloud solution


2/6

CIOs and IT management in the nancial services industry realize that

cloud-based computing inrastructure enhances the value o their business

oerings, by divesting themselves o the problems o managing what has

become commoditized inrastructure and ensuring ever-stretched resources

can be deployed onto strategic and value-adding initiatives. These organizations

want to run mission-critical applications in the cloud at enterprise-class levels o

availability, security and connectivity while retaining a exible architecture with

capacity or expansion.

Cloud economics are attractive and increasingly relevant to nancial services

organizations. Due to the signicant amount o money and resources allocated

to IT, these rms want a model that allows their assets to be used optimally, oten

by multiple consumers, whenever possible.

While the use o cloud computing continues to increase within the nancial

services industry, Savvis has ound that many organizations are hesitant to jump

into mass market cloud oerings. Concerns oten ocusing on the privacy

and security o data and perormance o cloud-based applications have only

recently been addressed with the arrival o enterprise-class cloud options such

as the Savvis Symphony (www.savvisknowscloud.com) line o cloud services.

Savvis knows how to assist. Our exible solutions provide clients with competitive

advantages across the board, and our eorts in cloud computing are no dierent. Andnow wed like to share with you some specic cloud use cases that our nancial

services enterprise clients are implementing. We hope you nd these examples

valuable in your planning and uture decisions about cloud.

Cloud Solutions or theFinancial Services Industry


3/6

Comput Powr

Financial services rms oten require ad-hoc access to signicant computing resources, whether or

applications such as risk management, mark-to-market or what-i scenario analyses. A large international

bank recently needed 8,000 cores in order to calculate and pay back Troubled Asset Relie Program(TARP) unds. Because the cores would be unused ater the project ended, they decided against using

physical inrastructure. Cloud computing or six months signicantly reduced costs or the bank.

Another rm recently deployed approximately 50,000 servers dedicated or intermittent use in credit

risk management calculations. Not only will this inrastructure oten sit idle, over time it will require

maintenance and, ultimately, a technology reresh to remain up to date. Time and resources dedicated

to running a physical data center undermine the value-added applications that run on these machines.

Employing a dedicated cloud environment could have readily addressed these issues.

Virtul Dktop

Due to oshore growth in developing countries, a large international bank needed to regularly get new

employees up and running on desktop computers. Because o security and other issues, it typically took this

bank about our to six weeks to get an internally congured desktop procured and deployed. And during that

time, the employee couldnt work on a computer. Now, using Savvis Symphony Virtual Private Data Center,

virtual desktops can be congured and operational in about an hour. In addition, end users now remark

positively on the more service-oriented approach they encounter when engaging with their IT teams.

Ditr Rcovry

An international nancial services company recently ound a way to save money using cloud computing

to assist with its disaster recovery preparations. Previously, this client paid or active storage at two data

center locations. So it was paying or and using space or a duplicate location that would be unused

unless there was an emergency. Now, instead o this active-active site setup, the client uses cloud or

an active-standby setup; important backup data is stored in a virtual private data center at a separate

Savvis location. Should a disaster occur, the backup les go live and mission-critical applications can be

accessed. A cloud-based business continuity/disaster recovery solution can be tailored according to the

size and sophistication o the individual rm.

Dvlopmnt nd Tting

A global nancial services rm wanted to assess a third partys analytic modeling sotware. This rm

needed a lab or 90 days to test the sotware, but its internal IT team said it would take six to nine

months to procure, congure and release the necessary IT inrastructure. Because only non-public

inormation was being modeled, cloud computing became an option. Instead o waiting or more than

hal a year, this business unit called Savvis and the lab was running the next day.

Cpx to Opx

An IT contact rom a nancial services rm ound he needed increased exibility or his business unit.

Whenever he wanted to buy anything, regardless o cost, he had to go through an extensive procurement

process. He would attend monthly expenditure meetings to present his case or making the purchase.

However, i he needed a service, he didnt have go through the process and could move orward under

his own operating expense approval limits. Now, he not only has quick, sel-service access to cloud, he

has moved much o his budget to an opex model. He can rapidly spin up environments, develop, test and

deploy other applications or nancial customers all with low commitment and no capital expenditure.

Cloud Use Cases


4/6

shrd Rourc

Due to the nature o computing, a large international bank that was paying or a massive amount o

physical IT inrastructure ound much o its IT space was unutilized at any given time. Now, the bank uses

cloud computing to pool resources and share inrastructure and CPU globally. Internal groups only pay

or what they use, with exibility and elasticity now built into their usage patterns.

sprtion of Duti

To address potential security issues and comply with separation o duties guidelines, one large investment

bank now utilizes a segregated cloud-based development environment or third-party contractors to

deploy and test sotware and applications developed by the rms internal development sta.

sonl/Pk Burting

One nancial rm decided to spend more o its time, energy and resources developing products and

client relationships instead o ocusing on its corporate website. Because its website experiences extreme

uctuations in demand driven by actors such as holidays, marketing campaigns and nancial earningsreleases it needed an IT structure that would support bursts o transactions at key times. A cloud

solution rom Savvis did the trick. Instead o going down during peak trafc, the website now bursts into

a cloud to remain operational.

Hybrid Cloud solution

A trading rm that was using a mass market cloud service provider ound it needed to tie its cloud

back into its physical inrastructure. The service provider couldnt handle the request, so the rm went

to Savvis or the solution. Through Savvis converged cloud network, the rm has private access to the

cloud. With a physical presence in a Savvis data center, the rm can easily ip connected clouds on

and o. As an added benet, this rm also now has access to Savvis nancial market ecosystem, in

which nancial rms are housed in close proximity.

economi of scl/Cot Trnprncy

Sotware vendors which sometimes are

nancial service rms themselves are aced

with the challenge o a diminishing customer

base, due to market attrition and continual

automation o trading systems and unctions.

As a result, the traditional end-user licensing

model is difcult to sustain. One rm reduced

inrastructure cost and increased economies o

scale by migrating to a Sotware as a Service(SaaS) delivery model that utilizes cloud services.

SaaS-based applications and services also allow

this rm to allocate costs internally according to

usage, thus increasing cost transparency within

the organization.

Private Cloud or Public Cloud?

A private cloud commonly reers to an

enterprises internal cloud within a

corporate data center. It can also denote

a dedicated cloud inrastructure residing

in a service providers data center.

A public cloud provides secure virtualized

hosting via a scalable, multi-tenant

inrastructure, allowing users to deploy

and turn o compute resources quickly

and easily.


5/6

Shorten Deployment Times

It can take several months to get started i you use your existing inrastructure to

develop, test and deploy new applications, as inrastructure needs to be procured,installed and congured. With a cloud platorm, you oten can be up and running

the same day.

Burst

Meet seasonal or even unplanned spikes in demand or computing, network

and storage resources. Your website will not shut down, and you dont need

to overpay or space you wont be using during non-peak periods.

Lower Capex

Deliver new applications without the need or deploying capital to purchase

equipment. Development and delivery can be managed as operating expenses.

Pay-As-You-Go Cost Structure

Pay or the resources you use, by the instance and by the hour.

Technology AgnosticTo avoid being locked into a particular vendor, venue, product, etc., look or a

technology-agnostic cloud vendor that leverages a choice o best-o-breed

products and services.

Industry GroupsThe emergence o industry groups and standards reect the growing acceptance

o enterprise-class cloud computing among the nancial services industry. For

more inormation, visit the ollowing organizations websites:

DistributedManagementTaskForce(www.dmtf.org)

EnterpriseCloudLeadershipCouncil(http://www.tmforum.org/

EnablingCloudServices/EnterpriseCloudLeadership/8009/Home.html)

Benets o Cloud Computing


6/6

2010 Savvis, Inc. All rights reserved. Savvis is the registered trademark o Savvis Communications Corporation.

All other trademarks and service marks are the p roperty o their respective owners. -1-

Canada6800 Millcreek Drive

Mississauga, ONL5N 4J9

Tel 1.877.387.3764www.savvis.ca

EMEAEskdale Road

Winnersh TriangleWokinghamBerkshire RG41 5TS

United Kingdom

Tel +44 (0)118 322 6000www.savvis.co.uk

Asia Pacifc50 Rafes Place

Singapore Land Tower#13-01Singapore 048623

Tel +65 6768 8000www.savvis.sg

Japan7th Floor

Kyodo Building(Jinbocho 3cho-me)3-29 Kanda Jinbocho

Chiyoda-kuTokyo 101-0051Japan

Tel +81.3.5214.0151www.savvis.jp

Global Headquarters1 Savvis ParkwaySt. Louis, MO 63017

Tel 1.800.SAVVIS.1(1.800.728.8471)www.savvis.net

For more inormation about Savvis cloudsolutions and fnancial services capabilities,

visit www.savvisknowscloud.com

or www.savvis.net/fnancial.

Cloud Solutions for the Financial Services Industry

Documents

Transcript of Cloud Solutions for the Financial Services Industry