There are a number of challenges faced by organizations today in all industries and especially in the Financial sector. Compliance with certain regulations and directives, digital disruption, open standards, systems integration, processes automation, mobility, applications development acceleration, are just some of those challenges. FinTech companies have already changed the way financial services are delivered to consumers. Therefore, the need to change the way traditional financial institutions operate is a necessity, and digital transformation is the key to that success.
Digital Transformation is an ongoing journey and if your organization has yet to embark on that journey, it should start moving towards that direction the soonest possible. As per the latest research by MIT Sloan Management Review and Deloitte, 87% of IT leaders anticipate that their industries will be disrupted by digital trends but only 44% say that their organizations are adequately preparing for that disruption to come. Now, as per Gartner research, we still see 70% of IT spending in maintaining existing systems, 19% for growing and only 11% for digital transformation. Based on these findings there is still a lot of space for improvement.
So which solutions are out there which can help you tackle today’s challenges? It is widely accepted that open source solutions drive rapid innovation. As per open source survey conducted by Black Duck Software, 78% of enterprises today run open source solutions. This shows that organizations today have indeed embraced open source technologies. Red Hat, being the leading open source company in the world, has a significant role to play offering robust, enterprise-ready open source solutions.
3scale API Management Platform
The use of open APIs meeting the EU Payment Services Directive (PSD2) pushes the banks to proceed with the implementation of an API Management Platform offering open APIs. 3scale by Red Hat is a solution which can help the banks meet that directive. Recognized as a leader in the Gartner Magic Quadrant, 3scale can handle hundreds of millions APIs calls per day.
Red Hat JBoss Fuse
Enterprises are becoming increasingly connected, enabling digital transformations, increasing productivity, and facilitating rapid innovation. Red Hat JBoss Fuse is an integration platform which reduces the pain of connecting applications, services, processes, and devices for comprehensive and efficient solutions.
Red Hat JBoss BPM Suite
Red Hat JBoss BPM Suite combines business process management (BPM), business rules management (BRM), business resource planning and complex event processing (CEP) technologies into a single, integrated, open source platform. It enables users to capture business policies and procedures, automate business operations, and measure the results of business activities across heterogeneous environments including physical, virtual, mobile, and cloud.
Red Hat Mobile Application Platform
Red Hat Mobile Application Platform brings together agility and centralized control for mobile innovation and a competitive edge. This product offers a suite of features that embrace collaborative app development, centralized control of security and back-end integration, and a range of cloud deployments.
Red Hat OpenShift Container Platform
Red Hat OpenShift Container Platform helps organizations develop, deploy, and manage existing and container-based applications seamlessly across physical, virtual, and public cloud infrastructures. Built on proven open source technologies, OpenShift Container Platform helps application development and IT operations teams modernize applications, deliver new services, and accelerate development processes.
Blockchain is considered to be a secure distributed database which contains a continuously growing list of records. Recently, BlockApps became the first blockchain application to run on Red Hat OpenShift Container Platform which helps financial institutions to build hosted blockchain solutions. Red Hat believes in blockchain’s potential, and that a flexible open source and container-based platform offers an ideal platform for blockchain and FinTech applications.
ZEBRA Consultants is an innovative IT company that specializes in software development, infrastructure solutions, consulting services, systems integration and cloud solutions. ZEBRA being the only Red Hat Premier Business Partner in the region, provides qualitative Red Hat and JBoss Middleware solutions and services in diverse markets. ZEBRA Consultants mission is to equip its clients with the tools to compete in today’s global market, in a time when harnessing technology’s power is not only necessary but imperative. Our expertise, coupled with our customer driven focus, allows our clients to tackle their technological challenges, boosting up competitiveness and maximizing their potential. For further information please visit www.zebrac.com or call at +357 22028128.
About Red Hat
Red Hat is the world's leading provider of open source software solutions, using a community-powered approach to provide reliable and high-performing cloud, Linux, middleware, storage and virtualization technologies. Red Hat also offers award-winning support, training, and consulting services. As a connective hub in a global network of enterprises, partners, and open source communities, Red Hat helps create relevant, innovative technologies that liberate resources for growth and prepare customers for the future of IT. Learn more at www.redhat.com.