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IDC PeerScape: Practices for Application and Workload Modernization in ASEAN Banks

Publisher IDC
Published Jan 25, 2024
Length 7 Pages
SKU # IDC18458218

Description

IDC PeerScape: Practices for Application and Workload Modernization in ASEAN Banks


This IDC PeerScape looks at how three leading ASEAN banks — in Thailand, Vietnam, and the Philippines — leverage the public cloud to deliver quantifiable business value by moving critical applications and workloads beyond their private clouds."Banking modernization will continue to capitalize on public cloud–based core banking applications and workloads to meet the expanding digital consumer demands," says Clay Miller, adjunct research advisor with IDC's IT Executive Programs (IEP). "Modern multicloud, cross-cloud tools and open cloud architectures will provide expanded alternatives as banks race to stay competitive."

Please Note: Extended description available upon request.

Table of Contents

7 Pages
IDC PeerScape Figure
Executive Summary
Peer Insights
Practice 1: Embrace Cloud for Enhanced Agility and Faster Time to Market for New Products and Services
Challenge
Example
AutoX
Guidance
Practice 2: Make Modernizing and Migrating Banking Applications to the Cloud a Top Priority
Challenge
Example
Techcombank
Guidance
Practice 3: Optimize Tools and Processes to Unlock the Full Potential of Cloud for Modern Banking
Challenge
Example
UnionBank
Guidance
Practice 4: Review Cloud Spend and Resource Utilization via New Pay-as-You-Go Procurement Models
Challenge
Examples
AutoX
Techcombank
UnionBank
Guidance

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