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Juniper Networks has partnered with UBS to build what it calls as a ‘next generation enterprise data center network infrastructure.
Many financial service institutions face unprecedented pressures ranging from changing economic conditions to increased regulations and rapidly evolving technologies - all while needing to optimize their cost structure. According to Gartner, sixty-eight per cent of banking and investment institutions will change their technology and sourcing approach in the next two to three years.
It’s apparent that financial firms are seeking IT solutions that will balance their need for increased flexibility and application performance with cost discipline. These institutions must implement a new set of principles to align IT infrastructure with business strategy, requiring an IT architecture and network that can react with speed, agility and at scale to guarantee performance and deliver competitive advantage while driving cost takeout.
Plans of UBS
- UBS plans to implement key components of MetaFabric architecture, an open standards-based architecture with proven routing, switching, security, management and orchestration solutions, to support the bank’s current and future business goals.
- The new networking architecture will serve as the building block to help virtualize multiple UBS data center environments.
- It will deliver a resilient and secure global infrastructure.
- It will deliver advanced orchestration via automation, management, and data analytics.
Shaygan Kheradpir, chief executive officer, Juniper Networks says, “Banks are re-engineering their business models in light of changing market and regulatory conditions, changing customer behavior, and emerging technologies. Managing this transformation in financial services requires an intelligent High-IQ network infrastructure that knows how to fluidly adapt to business demands. It also requires building private clouds that deliver applications with high performance and agility.”
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