2. Trends in the Financial Services Industry
Here are the top trends, both business and technology, as revealed in
discussions with C-level executives and directors.
BUSINESS PROCESS:
• Rent, Buy, Build
− This is a driving trend in reducing operating expense. From CTO’s: “If you are going
to acquire an asset, the choices in order should be: Rent it if possible so you can
control the expense (SaaS, IaaS, PaaS, etc). Buy it if you have to, but would be your
second choice. The last and least desirable is to Build it yourself.”
• Declining Margins Are Forcing Expense Reductions
− Reduced margins are driving expense reductions to deliver the same or expanded
service at a lower cost. Many services are becoming commodity based and
corporate customers are diversifying more and more.
• Get Out Of The Integration Business
− Companies are moving away from using valuable, limited, internal resources and
expense dollars to integrate disparate, siloed tools. The new direction is to leverage
vendor integration and interoperability wherever possible.
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3. Trends in the Financial Services Industry
BUSINESS PROCESS: Continued
• Improve Time To Market
− Business units are pushing for faster time to market delivery of services to capitalize on
market trends and industry changes. IT groups are struggling to meet BU expectations.
− Migration to Agile / Iterative software development models.
− Aligning to a “Dev/Ops” strategy to meet BU demands while maintaining highest
levels of quality, performance and security.
• Transaction Self Servicing Model
− Financial Services companies are moving to less expensive transaction delivery
models. These include: Mobile, Online and IVRU based transactions
• Personalized Services
− Moving to provide real-time point-of-transaction marketing, couponing and behavior
based opportunities.
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4. Trends in the Financial Services Industry
Technology:
• Mobility
− In the next few years, mobile app development will out number PC apps 4 to 1
− Move more core applications to lower cost mobile based solutions. This also allows
the institutions to reach a larger percentage of the population including the non-
banked, under-banked and uninsured.
− Push to streamline mobile development, testing and release management
− Leverage cloud testing solutions to reduce testing expense and improve efficiency
• Data Mining and “Big Data”
− We are seeing more and more companies attempting to extract valuable customer
data from their ever increasing data stores to develop new, innovative services which
align to their customers needs. Whether structured or unstructured data, rapid
changes in market trends are pushing companies to identify customer behaviors and
trends to adapt their services to capitalize on quickly shifting opportunities
• Automation
− To achieve expense reductions and efficiency gains, organizations are looking for
automation solutions which are easily implementable at a reasonable cost basis.
Primary categories being selected are: HW and SW configuration, data center, test,
release, cloud, service operations, application management, compliance and
reporting
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5. Trends in the Financial Services Industry
Technology: Continued:
• Cloud Something…
− Financial Services companies are looking to leverage Cloud Services but movement
has been slower than expected.
− Negative perceptions about cloud security are now fading.
− The value proposition for self-provisioning, pay-per-use, and on-demand scalability is
extremely attractive when faced with continued financial pressures.
− Requires core applications be adapted, and new applications be designed, to
leverage cloud services and scalability
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6. How HP Addresses These Trends
• HP has developed the industries leading portfolio of
solutions designed to address the challenges and trends
major institutions are facing.
• Rent, Buy, Build
− HP SaaS, IaaS, PaaS and Cloud offerings deliver the simplicity, scalability and cost
effectiveness companies are requiring.
• Get Out Of The Integration Business
− HP’s IT Management suite of software is fully integrated across the entire software
management, development, test, security and operations life cycle. No other
company offers complete end-to-end integration of products and services.
• Improve Time To Market
− HP’s has created a complete SDLC (Software Development Life Cycle) environment
designed specifically to address Rapid Time to Market requirements. Our Application
Life cycle Management (ALM) platform coupled with our Agile Manager
environment, automated testing capabilities, embedded security screening and
automated release management solves the business unit demands for rapid delivery
of services.
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7. How HP Addresses These Trends
• Mobility
− HP is unparalleled in its approach to delivering mobile applications. In addition to
our Rapid Time to Market development model and integrated Fortify security solution,
we are unsurpassed in our mobile testing capabilities. Our Unified Functional
Testing, Perfecto Mobile and Shunra solutions solve all of your automation,
functional, performance, production and carrier testing needs.
• Data Mining and “Big Data”
− Our Vertica and Autonomy solutions are the industry leaders in the management and
extraction of meaningful analytics from large amounts of structured and unstructured
data.
• Automation
− HP has built advanced and easy to use automation into every aspect of our IT
Management Portfolio. From service inception, development, test, security, release,
operations, analytics and back, our automation capabilities lead the industry in
virtually every category.
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8. How HP Addresses These Trends
• Cloud
− HP has emerged as one of the top cloud solution providers with our Cloud System Matrix
capabilities. Whether implementing a Private, Public or Hybrid environment, HP delivers
the efficiencies, security, service levels, ease of use and cost effectiveness needed to
control operating expenses and simplify your environments.
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