Ashesh Badani, Senior VP, Cloud Platforms, Red Hat

Germany-based Deutsche Bank is powering its Fabric application platform with open hybrid cloud technologies from Red Hat, an American software company providing open source software products to the enterprise community.

Tom Gilbert, global head of cloud, application and integration platforms, Deutsche Bank, “Our vision was for ‘Everything as a Service’ – to create a bubble where our people can’t tell if they’re building software for a bank or any of the software companies in the world. We wanted to be able to quickly take an idea to production while meeting the security and regulatory standards of the industry. To achieve this, we needed not only innovative technology but a strategic partner that could execute globally and understand our business needs. We are buoyed by what we’ve achieved so far and look forward to continuing on this journey with Red Hat.”

With “Everything-as-a-Service” experience in its mind, Deutsche Bank built Fabric, a next-generation strategic platform to achieve its business objectives – modernising infrastructure at scale, improving business agility and efficiency, and accelerating time-to-market. In this way, Fabric forms an intrinsic component of Deutsche Bank’s digital transformation strategy and serving as an automated, self-service hybrid cloud platform for its application team.

The bank has implemented Red Hat’s OpenShift Container Platform on Microsoft Azure in order to continue using the technologies in production and to leverage the platform for applications across hybrid cloud environments including datacenter to multiple public clouds. Apart from this, Red Hat Enterprise Linux, the core operating platform, also forms a part of the cloud-native stack selected for Fabric.

Ashesh Badani, senior vice president, Cloud Platforms, Red Hat commented on this by stating, “As we continue to move forward in this era of digital transformation, organizations are often faced with becoming a software company. Deutsche Bank’s use of container and Kubernetes technologies through Red Hat OpenShift shows its commitment to IT innovation and the importance of the hybrid cloud to Deutsche Bank, and we are proud to collaborate with the bank as it sets an example not just for the financial services industry but for any enterprise stepping into the digital age.”

Today, Fabric supports 6,000 internal users across 4,000 projects on 15 unique computing environments, and more than 10,000 end users globally.

by Megha Bhattacharya
Market Analyst at IBS Intelligence