The unprecedented rate of change across global markets is pressuring banks and other financial institutions to accelerate innovation and increase agility. As such, more and more are turning to hybrid cloud platforms and strategies to aid the development of new business models, improve operational efficiency, and lower the total cost of technology ownership.
The IDC’s 2020 CloudPath Survey reports that 89% of banks are leveraging or planning to leverage hybrid cloud strategies.
A hybrid cloud model enables enterprises to simultaneously deploy workloads on public and private, on-premise cloud environments and dynamically move between them as computing needs evolve and requirements change. This incorporates the benefits and mitigates the limitations and associated risks of individual cloud deployment options.
Essentially, the hybrid cloud model enables financial institutions to support and maintain legacy systems all while leveraging the cost efficiency and operational flexibility of cloud technology.
AWS Approach to Hybrid Cloud
Many enterprise applications used by financial institutions have:
- low latency
- local data processing
- high data transfer costs
- data residency requirements.
As such, these applications need to be deployed close to end users’ systems or on-premises. While cloud environments are a viable solution, a better option involves the use of hybrid cloud deployment to enable enterprises to seamlessly integrate these on-premise/edge applications with public cloud deployments and vice versa.
On the flip side, banking institutions that typically operate on the cloud sometimes need to deploy applications on-premises to locally process data or meet low latency requirements. Such companies would want to continue using their investments in existing cloud tools and skillsets for on-premise deployments.
AWS Outposts Brings AWS Framework On-Premises
Fortunately, AWS Outposts has you covered. It supports the above use cases by providing a consistent hybrid solution that vertically integrates across layers of the AWS framework to deliver everything on AWS Regions to on-premise deployments. It removes the hassle of building systems and software to integrate disparate infrastructure in a hybrid cloud environment.
It provides operational, security, and performance consistencies across hybrid cloud environments while ensuring that applications run seamlessly on-premise or on the AWS Cloud. AWS Outposts delivers a truly consistent hybrid experience by bringing AWS infrastructure, tools, services, and APIs to virtually any on-premise facility, co-location, or datacenter.
Amazon Relational Database Service (RDS) on VMware to Deploy Managed Databases On-Premises
This solution supports hybrid cloud models by using Amazon RDS technology to facilitate the deployment of managed databases in on-premises VMware environments. Amazon RDS automates repetitive administrator tasks such as database setup, backups, patching, infrastructure provisioning while providing cost-efficient and resizable capacity. It also enables enterprises to deploy managed databases in on-premises VMware environments using the familiar Amazon RDS technology they use in the cloud. This allows financial companies to maintain business agility, scale quickly with minimal hassle, and achieve operational and cost-efficiencies in the event of failover of existing IT infrastructure, high demand, or other unexpected circumstances.
Hybrid Containers (ECS Anywhere and EKS Anywhere)
Amazon ECS Anywhere provides enterprises with the flexibility to run Amazon ECS on their own data centers while enjoying the same, highly scalable, fully managed, and cloud-based container orchestration service that customers experience on AWS. It brings the same Amazon ECS experience for workload scheduling, cluster management, and monitoring on both cloud and on-premise data centers.
Similarly, Amazon EKS Anywhere is a new Amazon EKS deployment option that allows administrators to create, operate and manage Kubernetes clusters including on bare metal servers and virtual machines.
Amazon Web Services Hybrid Cloud with AWS
Amazon Web Services Hybrid Cloud with AWS delivers a hybrid cloud management layer that provides management interfaces for networking, database, storage analytics, compute, and other higher-level hybrid cloud services, eliminating the need for financial institutions to build, configure, and manage custom software.
This service provides access to a blended ecosystem that’s cost-effective and secure, enabling banks, and other financial institutions to accelerate the growth of their digital business environment and keep up with the innovative disruptions in the finance industry. With this, enterprises can keep applications, services, and data private and secure while having the flexibility to offload non-sensitive workloads to the public cloud to lower costs and improve internal efficiency.
The strict regulatory requirements and the competitive nature of the financial industry require companies to support several critical use cases including cloud bursting, data center extension, and disaster recovery to the cloud. To build the best-of-breed architectures that meet these and other use cases, you need the right tools and service components to build a robust and highly scalable infrastructure. Most importantly, you need a Cloud Migration and Management Services provider with extensive experience in the financial services industry, the technical know-how, and the right partnerships with a truly global cloud provider.
With our help, financial institutions across the globe can leverage the above AWS Marketplace solutions to facilitate hybrid cloud deployments to gain an edge over the competition and create more elegant customer experiences while meeting regulatory, compliance, and stringent security requirement. They also get to enjoy AWS large and ultra-reliable global footprint to help them meet reliability and global coverage requirements.
Custom Cloud Solutions
Indellient takes a customer-first approach to help you build a modern cloud strategy on Amazon Web Services. Our team can help you build, re-platform, migrate and integrate applications, so you can benefit from the scalability, agility, and performance available through cloud technologies.
Indellient is an IT Professional Services Company that specializes in Data Analytics, Cloud Development & Management, Managed IT Solutions, DevOps Services, and Business Process Management.