Banking Modernization – Making Your Bank Cloud Ready

Banking Modernization - Making Your Bank Cloud Ready (NEWS)

Banking Modernization – Making Your Bank Cloud Ready

Banking Modernization – Making Your Bank Cloud Ready 800 507 Exist Software Labs Inc.

Last September 29, Exist Software Labs in partnership with Microsoft, conducted a webinar about Banking Modernization. As one of the important parts of digital transformation, our speakers discussed topics that IT Heads and Decision Makers in the BFSI Industry need to learn and apply in their organizations.

Exist’s Vice President for Technical Services Mr. Jonas Lim introduces the event with a warm welcome to the audience, providing them with an overview of the event and what the speakers will discuss.

The following are the topics our speakers discussed:

  • Having a Cloud-Ready Application
  • Migration from On-Premise to Cloud
  • Steps on having a BSP-Approved Cloud Environment
  • Modern Data Warehouse
  • Microsoft Solutions Assessment Program  

In emphasizing the importance of having a cloud-ready application in banks, Dennis De Vera, Exist’s Solutions Architect told us that having a cloud-ready application will give the banks a seamless process of scalability, a secured platform that will ensure all the data and reliable infrastructure. He also gave some points to assess if the organization is already on cloud native like the management, infrastructure, development, & consultants who specialize in the practices & implementation of this kind of project.

Mark Martinez shared the migration from on-premise to cloud. He told us the difference between the horizontal and vertical development strategy and how innovative the technology in building the cloud infrastructure. On the technical side, He discussed how the transition was delivered. Using CI/CD tools like Jenkins, Azure DevOps & CISCO, the migration became possible. It is more portable with the use of build files (yaml) that  can be pushed to the repository.

He said that sooner or later, serverless is the future. 

On the other hand, we have speakers from Microsoft that discussed Modern Data Warehouse and Microsoft Cloud Solution Assessment Program.

Emil Pastor – Cloud Solution Architect, Data & AI, and Marian Tolentino – Solutions Sales Professional from Microsoft speaks about the Modern Data Estate, Data Strategy and Link to Value and Solution Architecture. They shared the common challenges that BFSI industries are experiencing nowadays and how Microsoft would help in eliminating these challenges.

Truly, data is important as it creates value for the businesses to observe, analyze and create strategy to build a process that is seamless and innovative in both business and customer end.

Moreover, Russell Mazid who specializes in Cloud Solution Assessment discussed where business cloud journeys start and how it will give an advantage to the BFSI industry. 

Check out our Digital Banking Solutions and see hout it helped some of the banks in the Philippines in the country and provided innovative and seamless processes.

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