Empowering Banking Cios To Lead From The Front: Banking Community Cloud

- Sridhar Pinnapureddy

Banking CIOs perform a plethora of activities in addition to just managing IT infra and Apps. They are required to embrace disruptive technologies to creating opportunities, gain competitive advantage and enhance efficiencies to benefit the organization. Besides, they are under immense pressure to perform besides powering business with IT and deliver higher performance. Their challenge however has been that while major time of time is invested in running IT infrastructure and applications the technology providers haven’t been able to offered a full industry solution they need including a single SLA , compliance, security and derive other benefits that a cloud ecosystem has to offer. A Community cloud solves this major challenge of a Banking CIO.

Cloud4C – a sister organization of CtrlS Datacenters has designed a Banking Community Cloud to tackle the core challenges faced by the Banking Industry from the IT standpoint, giving them complete control with reduced complexities, bullet proof security, increased uptime and lighting fast time to market. At the same time, a 40 percent decrease in pricing makes it an absolute no-brainer for any Banking CIO looking to make a difference in today’s competitive landscape.

THE CHALLENGES OF BANKING SYSTEM TODAY

The Indian Banking System has a history of struggling to cater to the ever increasing customer base, changing industry guidelines. This results is a constant struggle for BFSI organizations when maintaining business continuity when upgrading to newer technologies, bringing in new applications or opening up new branches. Banking CIOs constantly face issues arising out of technology that becomes obsolete as quickly as it comes to the market. This brings up challenges around reinvestment of costs time and again, regulatory needs and compliance complexities, and the ever increasing security needs.