Danny Healy, API professional at MuleSoft

Banks are starting to overcome their concerns about cloud migration and its attendant security and regulatory challenges, a banking software professional has claimed.
“Cloud is becoming a reality for financial services,” said Danny Healy, API professional at platform developer MuleSoft. “In recent years, banks have started to look more seriously into using the cloud, but there’s still more fear of getting burnt than in other industries. As such, banks are pursuing hybrid strategies that combine private clouds built on a public cloud infrastructure, with on-premise virtualised environments.”
Banks, he said, are balancing the need for agility in the cloud with the regulatory and compliance requirements that have given them pause for thought in the past: “I think a lot of banks are now thinking about a mixed cloud strategy,” he added. “Mainframes do still provide a lot of integrity where it comes to customer data. It makes sense for banks to leave them where they are, where they are governed well, as it doesn’t necessarily make sense to move what’s on them to a cloud environment. But then mixing that with a cloud model as alongside makes sense. Some of their applications could run in a public cloud environment. You can then make the decision about migrating other back end functions over to the cloud at what is the right time for you.”
MuleSoft is headquartered in San Francisco and develops integration software for connecting applications, data and devices. Started in 2006, its Anypoint Platform of integration products is designed to integrate software as a service, on-premises software and legacy systems.

by Guy Matthews
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