1. Digital transformation
The top priority for nearly two-thirds of financial institutions in 2023 was moving to the cloud, and for good reason. Digital transformation is top of mind for so many institutions because it speeds up product innovation and real-time processing for loans and other applications. Moving to the cloud also fills the gap left behind by aging Common Business Oriented Language (COBOL) platforms that may not provide the needed security or performance to support personalization, transparency, and innovation at the scale that financial institutions need. This is especially important considering the increasing customer demand for digital financial solutions and increasing competition from fintech companies.
of top institutions transitioned to the cloud in 20231
Hybrid solutions
Firms need a technology infrastructure designed to support modern development practices.
Because technology has become central to the consumer experience, there’s no excuse for financial firms to fall behind in providing the customer-facing solutions the market demands. In an increasingly competitive financial service marketplace, customers can easily take their business elsewhere. However, with increasing regulatory requirements and laws to protect consumer data, in some cases it’s not possible to move fully to the cloud. Additionally, some financial institutions may have existing investments in on-premises infrastructure or need to control cloud spending. This is where hybrid solutions shine. Cloud and on-premises infrastructure can be managed side by side with Citrix for a comprehensive hybrid solution configurable for financial organization's needs.
Improve operational efficiency and sustainability
Citrix can help optimize resource utilization, increase efficiency, and the shift to cost-efficient cloud technologies. With Citrix, organizations can lower hardware overhead and maintenance by pairing digital workspaces with secure, durable, low-maintenance endpoints. Application and desktop virtualization also helps simplify operational management, decrease the cost of new service delivery, and even reduce emissions.
- Reduce costs for hardware provisioning, management, and maintenance by transitioning to cloud resources and thin clients, Chromebooks, MacOS, and bring your own device (BYOD) policies
- Lower costs for application development, migration, and cloud deployments
- Decrease data center energy consumption to reduce carbon footprint and meet sustainability goals
“Citrix has provided us at Indiabulls a stable platform that has centralized management of all our end-user machines, which has brought significant efficiencies around the key parameters of security and user experience while reducing cost and improving response times.”
- Pulkit Juneja, Datacenter/Infrastructure Project Lead, Indiabulls
© 2024. Cloud Software Group, Inc. All rights reserved. Citrix and the Citrix logo are trademarks or registered trademarks of Cloud Software Group, Inc. or its subsidiaries in the United States and/or other countries. All other product and company names and marks in this document are the property of their respective owners and mentioned for identification purposes only.
Cookie Preferences