The financial sector has undergone a dramatic shift in the last decade. Customers want a more consolidated, personalized experience, regulatory demands have increased, and outside pressures like cyber threats have put an unprecedented level of stress on banking and financial institutions.
To further complicate this, the macro-economic and geopolitical landscape is more turbulent than any point in recent history. To compete and win in this marketplace, banks and financial institutions need to operate at the pace of a crypto start-up but also continue to deliver hard-earned trust and integrity at scale.
The underlying infrastructure in many financial institutions relies on core systems powered by the mainframe. With a dynamic hybrid cloud architecture, the right security posture, a robust API network, and IT operations that rely on new technologies, the mainframe is positioned to drive financial transformation without sacrificing the power of existing operations.
That is why financial institutions must evaluate their current environment with a renewed focus on core platforms to drive agility and further navigate the changing environment. In our latest report, Reimagining Financial Systems — created in collaboration with Broadcom — we explore the shifting landscape for financial institutions and the benefits of modernizing the mainframe.
In this brief you’ll learn:
- The current state of the financial industry
- An overview of challenges faced by financial organizations
- Why agility into core systems is table stakes
- Mainframe’s role in the hybrid cloud
- Key considerations for modernizing the mainframe for reimagined financial systems
Financial institutions have an opportunity to reimagine their mainframe deployments to further drive digital transformation across the organization. If you’re interested in learning how to modernize your mainframe, download your copy of Reimagining Financial Systems today.
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Author Information
Regarded as a luminary at the intersection of technology and business transformation, Steven Dickens is the Vice President and Practice Leader for Hybrid Cloud, Infrastructure, and Operations at The Futurum Group. With a distinguished track record as a Forbes contributor and a ranking among the Top 10 Analysts by ARInsights, Steven's unique vantage point enables him to chart the nexus between emergent technologies and disruptive innovation, offering unparalleled insights for global enterprises.
Steven's expertise spans a broad spectrum of technologies that drive modern enterprises. Notable among these are open source, hybrid cloud, mission-critical infrastructure, cryptocurrencies, blockchain, and FinTech innovation. His work is foundational in aligning the strategic imperatives of C-suite executives with the practical needs of end users and technology practitioners, serving as a catalyst for optimizing the return on technology investments.
Over the years, Steven has been an integral part of industry behemoths including Broadcom, Hewlett Packard Enterprise (HPE), and IBM. His exceptional ability to pioneer multi-hundred-million-dollar products and to lead global sales teams with revenues in the same echelon has consistently demonstrated his capability for high-impact leadership.
Steven serves as a thought leader in various technology consortiums. He was a founding board member and former Chairperson of the Open Mainframe Project, under the aegis of the Linux Foundation. His role as a Board Advisor continues to shape the advocacy for open source implementations of mainframe technologies.
