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Introduction

The digital, connected world is fundamentally changing the dynamics of the financial services industry. This report assesses key investment and strategic considerations for equipping the network for the digital financial institution.

Highlights

  • The future network will use a software-defined approach to pool resources, use centralized orchestration, and automate change.
  • Institutions need to prepare for the use of hybrid, multi-cloud models.

Features and Benefits

  • Assesses key business and IT investment priorities for 2016 and 2017.
  • Analyzes how trends in transformation toward the software-defined data center and network align with business requirements.

Key questions answered

  • What are the top drivers for IT investment in banking?
  • What issues are driving network evolution?

Table of contents

Summary

  • Catalyst
  • Ovum view
  • Key messages

Recommendations

  • Recommendations for institutions

Digital financial services requires agility in the technology backbone as well as efficiency

  • The network must deliver performance and support agility
  • Efficiency and security remain prerequisites driving a need for IT capability transformation

Institutions need to flexibly move to a software-defined approach to the network

  • The future network will pool resources, centralized orchestration, and automated change
  • Institutions need to prepare for future use of cloud, while looking to open technology to support change
  • The future network for the digital financial services institution needs to be software-defined, intelligent, and cloud-ready

Appendix

  • Methodology
  • Further reading
  • Author

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