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Broadridge chooses IBM for hybrid cloud strategy

Broadridge Financial Solutions has signed a services agreement with IBM in order to provide hybrid cloud solutions to its financial services clients, improving speed to market, flexibility and resilience.IBM logo

The FinTech will create the Broadridge Private Cloud, powered by IBM, leveraging Red Hat OpenShift to manage workloads across its overall hybrid cloud infrastructure, and transition a ‘significant portion’ of its global infrastructure to IBM.

In an interview with IBS Intelligence, Tom Eck, CTO, Industry Platforms at IBM, explained that accelerating its shift to a hybrid cloud model can enable Broadridge to further deliver next-generation SaaS solutions to its clients through industry-leading technology infrastructure.

“This announcement with Broadridge is just the latest example of banks that are increasingly choosing to move into a hybrid cloud area,” Eck said. “IBM is going to create this private cloud for Broadridge only, and we’re going to manage it for them. It runs in an IBM Data Centre that IBM builds and maintains.”

The services agreement is also the expansion of a 10-year relationship between Broadridge and IBM, and it will, according to the two, shift Broadridge’s mission-critical workloads to the cloud with IBM, leveraging IBM’s open-source capabilities to add new capabilities to Broadridge’s solutions.

Broadridge logoEck said: “Security is a crucial part of what we are doing with hybrid cloud. We look at the world and especially financial services as moving rapidly to multi-cloud, which means a combination of private clouds. Those could be private clouds that are running the client data centre, or it could be private clouds such as the one we are building for Broadridge, which is a managed private cloud.”

He continued that hybrid cloud environments lead to lots of flexibility, and the architecture is combinable with advancements within software development, where everything is developed in so-called containers.

“One of the main benefits of containers is their portability. You could think of it as an executable file that you can move around the cloud map and it will run in the same way, no matter where in that hybrid, multi-cloud stack it resides.

“So that means you can start with running certain types of applications and containers on-premise, but then over time, you become more comfortable with public cloud, especially due to what IBM is doing in terms of security and management. You can now very easily move that container from on-prem, for example, out to the public cloud. And it will operate the same way, but you can get the economic benefits, as well as scalability.”

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