For safe and scalable digital transformation, SBS and Red Hat collaborate to assist banks in implementing hybrid cloud solutions.

To help banks and other financial institutions move forward into the digital era, SBS has announced a new partnership with Red Hat, a developer of corporate open-source solutions. The partnership, which combines Red Hat OpenShift with SBS's extensive knowledge of the financial services industry, will assist in giving financial institutions the cutting-edge architectures they require in order to swiftly implement and expand cloud-based software applications inside their current infrastructures.

Ninety percent of banks and other financial institutions are using a hybrid strategy to move their operations to cloud-based infrastructures as they embrace digitalization. This implies that businesses may use both their new public cloud solutions and their current on-premise systems in a single environment rather than completely redesigning their infrastructure all at once.

In the financial services sector, where internal systems have been developed in accordance with stringent rules on data privacy and security, maintaining these on-premise infrastructures is particularly important.

SBS plans to use Red Hat OpenShift's cloud-native technology to power its next-generation products. Using Red Hat OpenShift architecture, this hybrid cloud strategy may help banks and other financial organizations increase flexibility, scalability, and agility without interfering with their current internal systems or data.

Working with Red Hat, according to SBS CEO Eric Bierry, demonstrates their dedication to helping their clients navigate their digital transformation journeys, which for many start with cloud migration. Red Hat OpenShift is providing their clients with a fully managed application platform that allows them to take advantage of a cloud-agnostic approach. For organizations that wish to take advantage of the cloud while still meeting security and regulatory standards for their vital data, it is a calculated move.

SBS will be able to provide financial software solutions that are suited to regional laws and standards in each of the more than 80 markets it serves by leveraging Red Hat OpenShift.

Red Hat's EMEA Ecosystems Vice President, Penny Philpot, stated that the company is happy to work with SBS, which has strong ties to financial services organizations in the area, to assist in meeting the financial sector's application development requirements. They anticipate offering financial institutions a more adaptable and scalable route to Red Hat OpenShift infrastructure modernization.