The Record Issue 13: Summer 2019

108 www. t e c h n o l o g y r e c o r d . c om W hile the financial services industry has traditionally been reluctant to change, in today’s climate –with customer expecta- tions at an all-time high – moving services such as data and application integration to the cloud may be the only way to compete with new entrants who are better prepared to attract and keep business. Financial institutions can buy into the infra- structure of a secure, dedicated cloud service pro- vider and gain the capacity to focus on growing their business. Cloud services, such as Microsoft Azure Integration Services using Logic Apps, free up time to analyse, review and react in a time when it has never been more important to do so. In addition, the cloud gives business process workloads instant access to a massive amount of capabilities and features, reducing overhead costs and improving system reliability and perfor- mance. With greater capacity focused on strate- gic business goals, cloud services have also been shown to lead to an increase in company morale and in the bottom line. A recent customer of ours had considerable issues with its existing integration environment. Limited technology was impacting the ability to work efficiently. However, the effort to modernise it was overwhelming. It was clear that migrating integration workloads to the cloud would give it the edge it needed. The customer needed to identify gaps, develop a new migration roadmap, migrate all workloads and determine the best way to deal with ongoing production issues – all without disrupting busi- ness. It received guidance on how to accomplish this in the Microsoft Azure cloud using a secure, highly available, strongly performing, and visible approach. This managed service approach freed up employee time and enabled greater flexibility in the workplace. Overall, the cloud-based solution was able to modernise more workloads than previously imagined and, in a matter of just a fewmonths, was able to significantly streamline the way the com- pany did business – leaving more time for employ- ees to do their job, the company to strategise and innovate, and the business to grow and evolve. The integration of new applications in the cloud can happen in a matter of weeks rather than years. Financial institutions can leverage standards such as SWIFT and Microsoft products such as BizTalk, Host Integration Server and Azure Cloud Integration to significantly lower the overall cost of their integration solution. Solutions can run on-premise, in the cloud, or in a hybrid configura- tion – and save customers money by speeding the delivery of solutions to them. Cloud solutions help financial institutions attract and retain customers, enable governance and compliance and maintain a healthy and reactive business in a highly competi- tive and evolving technical landscape. Javier Mariscal is president at TwoConnect Leveraging the cloud to transform services Paradigms are constantly shifting in this digital transformation climate, and businesses must continually evolve to not only keep pace, but to survive. Nowhere is this more critical than in the financial services sector J AV I E R MAR I S CA L : TWOCONNE C T V I EWPO I NT “The cloud gives business process workloads instant access to a massive amount of capabilities”