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APPLICATION MODERNIZATION ALESSANDRO PETRONI Director, Head of Strategy Financial Services, Red Hat Gartner Symposium/ITxpo | Orlando, FL A Pathway to Continuous Delivery of New Capabilities

Application Modernization in Financial Services – A Pathway to Continuous Delivery of New Capabilities Red Hat, Gartner ITxpo 2017

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Page 1: Application Modernization in Financial Services – A Pathway to Continuous Delivery of New Capabilities  Red Hat,  Gartner ITxpo 2017

APPLICATION MODERNIZATION

ALESSANDRO PETRONI Director, Head of Strategy Financial Services, Red Hat Gartner Symposium/ITxpo | Orlando, FL

A Pathway to Continuous Delivery of New Capabilities

Page 2: Application Modernization in Financial Services – A Pathway to Continuous Delivery of New Capabilities  Red Hat,  Gartner ITxpo 2017

Increasing client expectations

Complex regulatory landscape

Longer time to revenue

Intense competive pressures

SOLVING TODAY’S CHALLENGES

RED HAT FOR FINANCIAL SERVICES

Page 3: Application Modernization in Financial Services – A Pathway to Continuous Delivery of New Capabilities  Red Hat,  Gartner ITxpo 2017

Deliver superior client

experiences across channels

Agility to keep pace with required change

Reduce costs and increase operational

efficiency

Innovate to remain relevant

FINANCIAL INSTITUTIONS RESPONSES

RED HAT FOR FINANCIAL SERVICES

Page 4: Application Modernization in Financial Services – A Pathway to Continuous Delivery of New Capabilities  Red Hat,  Gartner ITxpo 2017

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DRIVING DIGITAL TRANSFORMATION

2010-13 CONSUMERIZATION

2013-16 MOBILE-FIRST

2016 + DIGITAL ENTERPRISE

● iOS SUPPORT ● EXPERIMENT APPS ● POINT SOLUTION ● RISK MANAGEMENT

● MULTI-DEVICE ● TARGETED APPS ● DEV PLATFORM ● BUSINESS

ENABLEMENT

● WEARABLES ● INTERNET OF THINGS ● MOBILE ARCHITECTURE ● BUSINESS

TRANSFORMATION

DEVICE-CENTRIC APP-CENTRIC INFORMATION-CENTRIC

Page 5: Application Modernization in Financial Services – A Pathway to Continuous Delivery of New Capabilities  Red Hat,  Gartner ITxpo 2017

NEXT-GENERATION ARCHITECTURE

Modernize existing and build new cloud-based

infrastructure

More agile process across both IT and

the business

INVOLVES TRANSFORMING I.T. AND BUSINESS

New ways of developing, delivering, and integrating

applications

DEVOPS & CULTURAL CHANGES

CLOUD-NATIVE PLATFORMS

BEYOND TECHNOLOGY

Page 6: Application Modernization in Financial Services – A Pathway to Continuous Delivery of New Capabilities  Red Hat,  Gartner ITxpo 2017

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“38 percent of total IT spending

is outside of the formal IT

organization already, with a

disproportionate amount in digital.

By 2017, this number will grow to

more than 50%.”

Gartner, Drive Digital Business with Insights from Symposium, Nov 2014

“By 2017, 75% of mobile security breaches will be the result

of mobile application misconfiguration.”

Gartner Predictions, 2014

“85% of companies surveyed noted that they have a mobile backlog of between 1 and 20 apps, with half of those having

a backlog of between 10 and 20 apps.”

Opinion Matters survey on behalf of Outsystems – Sept 2014

SECURITY INCIDENTS AND REGULATORY PRESSURES

DRIVERS FOR GROWTH IN I.T. BUDGETS

Page 7: Application Modernization in Financial Services – A Pathway to Continuous Delivery of New Capabilities  Red Hat,  Gartner ITxpo 2017

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YOUR PEERS SAY THESE ARE THEIR TOP PRIORITIES AND CHALLENGES

Optimize the IT you have

Integrate apps, data, and processes

Add and manage cloud infrastructure

Build more modern applications

BALANCING INNOVATION AND OPTIMIZATION

Page 8: Application Modernization in Financial Services – A Pathway to Continuous Delivery of New Capabilities  Red Hat,  Gartner ITxpo 2017

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HERE’S WHAT YOUR PEERS SAY ARE THEIR TOP PRIORITIES AND CHALLENGES

GAIN EFFICIENCY

INCREASE AGILITY

IMPROVE PRODUCTIVITY

MOVE FASTER

Optimize the IT you have

Integrate apps, data, and processes

Add and manage cloud infrastructure

Build more modern applications

BALANCING INNOVATION AND OPTIMIZATION

Page 9: Application Modernization in Financial Services – A Pathway to Continuous Delivery of New Capabilities  Red Hat,  Gartner ITxpo 2017

F7149-061417

“ With Red Hat OpenShift Container Platform, we’re more agile. We can think of an idea, try it, fail, learn, and make adjustments.” SIMON CASHMORE HEAD OF PLATFORM-AS-A-SERVICE (PaaS) MIDDLEWARE ENGINEERING, BARCLAYS

APPLICATION MODERNIZATION ADOPTING LEGACY APPLICATIONS TO DELIVER VALUE FOR MODERN BUSINESS NEEDS

MACQUARIE

BARCLAYS

Page 10: Application Modernization in Financial Services – A Pathway to Continuous Delivery of New Capabilities  Red Hat,  Gartner ITxpo 2017

OPEN SOURCE FUELS RAPID INNOVATION

*

Page 11: Application Modernization in Financial Services – A Pathway to Continuous Delivery of New Capabilities  Red Hat,  Gartner ITxpo 2017

FROM COMMUNITY TO ENTERPRISE

Page 12: Application Modernization in Financial Services – A Pathway to Continuous Delivery of New Capabilities  Red Hat,  Gartner ITxpo 2017

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IT’S NOT JUST CODE; IT’S CULTURE

Collaboration

Transparency (both access and the ability to act)

Shared problems are solved faster

Working together creates necessary

standardization

+

OPEN SOURCE CULTURE

Page 13: Application Modernization in Financial Services – A Pathway to Continuous Delivery of New Capabilities  Red Hat,  Gartner ITxpo 2017

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IT’S ABOUT MORE THAN OPEN SOURCE

GETTING CHANGES ACCEPTED UPSTREAM

USER INTERFACES

SOLVING COMMON CHALLENGES THROUGH COLLABORATION

COMMUNITY DEVELOPMENT

BRILLIANT INNOVATION

RAPID ITERATION QA AND INTEGRATION

PREDICTABLE, STABLE LIFE-CYCLE

MANAGEMENT

SECURE VALUE CHAIN SUPPORT

Page 14: Application Modernization in Financial Services – A Pathway to Continuous Delivery of New Capabilities  Red Hat,  Gartner ITxpo 2017

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ONE FINANCIAL SERVICES CUSTOMER’S JOURNEY

Test private cloud

Strategic hybrid cloud

DEV

Test public cloud sandbox (IaaS & PaaS)

Tactical public cloud

AUTOMATION & DEVOPS PROCESSES CONTAINERS FOR EVERYTHING

DEV

Production/managed private cloud

Traditional physical

environment

Strategic virtualization

Page 15: Application Modernization in Financial Services – A Pathway to Continuous Delivery of New Capabilities  Red Hat,  Gartner ITxpo 2017

SECURED, RELIABLE, SCALABLE, SERVICES LED

● Data storage & processing capabilities

● Compatible with big data analytics

● Low-code applications from process and decision models

● Engage business and IT ● Easily add custom logic

● Unix to Linux ● Consolidation / virtualization ● Management system

● Hybrid cloud management system

● Private IaaS ● Public/Private PaaS

RED HAT IS UNIQUELY POSITIONED TO PARTNER WITH FINANCIAL INSTITUTIONS

TRUSTED PARTNER FOR FINANCIAL INSTITUTIONS

BUSINESS INTELLIGENCE

ANALYTICS

INFRASTRUCTURE AND DATA

CENTER FOCUS CLOUD

PROCESS-DRIVEN APPLICATIONS

Page 16: Application Modernization in Financial Services – A Pathway to Continuous Delivery of New Capabilities  Red Hat,  Gartner ITxpo 2017

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RED HAT’S VISION: OPEN HYBRID CLOUD ALL KINDS OF APPS AND ENVIRONMENTS, INCLUDING CONTAINERS

PHYSICAL VIRTUAL PRIVATE CLOUD PUBLIC CLOUD

TRADITIONAL CLIENT-SERVER INTERNET CLOUD

Page 17: Application Modernization in Financial Services – A Pathway to Continuous Delivery of New Capabilities  Red Hat,  Gartner ITxpo 2017

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RED HAT’S VISION: OPEN HYBRID CLOUD COMMON MANAGEMENT, INTEGRATION, AND AUTOMATION TO KEEP IT ALL GOING

Page 18: Application Modernization in Financial Services – A Pathway to Continuous Delivery of New Capabilities  Red Hat,  Gartner ITxpo 2017

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RED HAT’S VISION: OPEN HYBRID CLOUD COMMON MANAGEMENT, INTEGRATION, AND AUTOMATION TO KEEP IT ALL GOING

Page 19: Application Modernization in Financial Services – A Pathway to Continuous Delivery of New Capabilities  Red Hat,  Gartner ITxpo 2017

THANK YOU

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