Mainframe modernization in the financial services industry

Mainframe to cloud: How to shift applications

The financial services industry is increasingly turning to the cloud to resolve challenges involving the movement of money. However, some banks, payments providers, capital markets firms and insurance companies are still questioning why an accelerated shift to the cloud is required. It is time for all incumbent financial providers to evolve and grow with the changing market landscape; mainframe modernization and cloud migration provides a route to success. Further, any data management system that a bank could build in-house is likely no match for the cloud’s flexibility and scalability. This report presents the conditions, circumstances and considerations that should be taken into account when looking to migrate applications.