Cloud migration is complex - especially for banks
In a cloud migration, classic IT applications - some or all of the IT infrastructure - are moved from a traditional local data centre to a cloud environment.
The advantages are obvious: in our data-driven age, banks have to collect, process, understand and utilise more and more data. No amount of data is too large for the cloud to process at high speed.
However, the migration of the IT landscape to the cloud is complex for banks and harbours numerous challenges. The most sensitive issues are security, data protection and regulation. However, planning and executing the migration and implementing the adjustments in line with the chosen migration strategy are also a challenge for many IT teams.
Our end-to-end migration approach
Careful planning, sufficient test runs, and a viable backup plan are crucial for a successful migration. It is therefore important to have an experienced team at your side who can accompany the migration from start to finish and proactively resolve any risks and issues.
Challenges in banking
Our experts are familiar with these industry-specific challenges and support your secure migration to the cloud with their in-depth banking and technical expertise.
Banks must ensure that the cloud services they use meet the strict security and data protection requirements of the financial industry.
Banks are highly regulated and must ensure that cloud migration complies with all regulatory requirements. This includes complying with regulations on processing sensitive financial data, archiving data, and storing data in specific geographic regions.
The introduction of cloud services offers many advantages, but also presents banks with technological challenges. This is particularly true when it comes to integration and communication with mainframe applications. Tailor-made solutions and expert knowledge ensure smooth integration and guarantee stability and compliance. Careful planning and an iterative approach are crucial to leveraging the benefits of the cloud and efficiently integrating mainframe systems.
Banks typically have complex IT landscapes that encompass many different systems. To ensure a smooth transition and effective collaboration between cloud and on-premises systems, successful cloud migration requires seamless integration with existing systems.
Cloud migration often requires a change in the way (IT) employees work. Banks must therefore ensure that their teams are prepared for the new cloud systems and processes and can quickly adapt to the new workflows.
Cloud services usually mean cost savings. However, it is important to monitor costs closely and ensure that the migration remains within the planned budget. Inadequate planning and control of costs can lead to unexpected expenses and strain the budget.
We are your partner in choosing the right migration strategy
Migrating applications to the cloud poses significant challenges for banks, and it is unlikely that every application can be successfully migrated. A carefully coordinated strategy that takes existing technical and organizational structures into account is crucial for identifying the appropriate migration scenario for each application in your company.
Rehost
We migrate on-premise applications (msg-for-banking, third-party, or your own solutions) and stored data to a cloud-based environment. No modifications are made to the design, program code, or functionality of the application. Rehosting (also known as lift & shift) offers you the opportunity to switch to a cloud platform quickly and without significant financial or technical investment.
Replatform
We transfer your applications to a cloud platform and adapt them to the specific capabilities of cloud computing. This allows the software to be supplemented with additional functions, modified, or fundamentally revised so that you can benefit from the advantages of cloud computing.
Refactor
We help you redesign your application architecture, either partially or completely, so you can take full advantage of the cloud, including automatic dynamic provisioning, elastic scalability, and self-service or on-demand computing. You can also implement a microservices architecture and use a PaaS environment to benefit from cost optimizations.
Repurchase
We support you in migrating your self-operated software to a software-as-a-service product. We take care of the provision and operation of the software as well as the maintenance of the infrastructure. You can take full advantage of the possibilities and benefits of cloud computing and are ideally equipped for the future-proof management of your bank.
Securely into the cloud with strong partners
Hyperscalers provide highly scalable cloud infrastructures that are flexible and powerful. msg for banking works closely with AWS, Microsoft, Google Cloud, and msg in this area.
Banks benefit from the smooth integration of proven banking applications and customized measures tailored to the specific requirements of banks, including compliance, data management, and security. On the other hand, using the cloud infrastructure solutions of our technology partners gives them specialized functions, in-depth banking expertise, and the advantages of a successful cloud migration: high scalability, cost optimization, and a highly available infrastructure.
Cloud in banking: Security First
Cloud security is the key factor for decision-makers
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is responsible for the delivery of IT projects in the commercial banks customer segment in southern Germany and is in charge of retail banking and open finance.