Adaptive Networking Use Cases In Financial Services
Digital transformation initiatives, constantly growing data and analytics requirements, cloud adoption and legacy applications migration, cybersecurity threats, and ongoing technology advances – just some of the challenges, and opportunities, financial services firms must deal with in order to stay competitive and innovate. These and other business imperatives are driving fast, disruptive change in organizations’ IT operations.
A foundational component necessary to succeed is an enterprise-wide network that is flexible, scales easily, is secure, and delivers on performance. “Adaptive networking” is the collection of software-defined functions that together deliver high-performance, flexible, and secure connectivity.
Adaptive networking components include software defined WAN (SD-WAN); hybrid networks that merge internet virtual private network (VPN) and private VPNs; flexible bandwidth, particularly bandwidth on demand; dynamic WAN ports into data centers and clouds; and network functions virtualization (NFV). Financial services institutions combine these components and wrap them with security and reporting intelligence to meet their accelerating IT needs.
A recent survey by market research firm Ovum, sponsored by CenturyLink, highlighted the following improvements by financial firms that have leveraged adaptive networking technologies:
- 43% cost savings utilizing flexible bandwidth
- 46% more flexible deployments using NFV
- 40% improved resilience and security via hybrid networking
- 37% easier management from implementing SD-WAN
Adaptive networking technologies are ideally suited to certain applications and workloads within the financial services industry, particularly those that require network and/or compute resources on an ad-hoc or irregular basis, including:
- Branch/office interconnectivity
- DevOps and legacy applications migration to the cloud
- Stress testing
- Portfolio rebalancing / revaluations
- Payments processing
Learn how a flexible, scalable and secure network can enhance digital transformation and business innovation in financial services.
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