Waters Rankings 2022: Best cloud infrastructure provider—Red Hat
Overview
Red Hat delivers open hybrid cloud platforms for consistent management, portability, scale and security of workloads across bare-metal, virtual, edge-based, private and multiple public cloud environments. Red Hat’s Linux- and Kubernetes-based platforms use containers to modernize existing and cloud-native applications to help businesses improve speed, agility and scalability.
“The engagement with Red Hat is fundamental to our ongoing modernization efforts. From making a business case for moving to [the] cloud to ongoing migration, Red Hat has been invested in helping us plan and execute this project. We can innovate, fail fast, embrace new technologies, and find our own way in this new era of banking.”
Dani Sela, tech transformation lead, Poalim Bank
The Solution
Red Hat helps organizations balance cloud-native flexibility and agility with control and oversight of computing and data. Businesses can deliver new experiences to customers faster, improve operational resilience and focus on innovation with Red Hat platforms providing a consistent way to manage, scale and secure applications interoperably across clouds.
Secret Sauce
All commercial banks in the Fortune Global 500 rely on Red Hat’s enterprise open source for faster innovation supported by lifecycle management and a trusted software supply chain. In financial services, 98% of IT decision-makers use enterprise open source, citing security as the top benefit, flexibility the top advantage, and digital transformation the top use-case.
Recent Milestones
Red Hat brings new features to customers regularly by harnessing the rapid innovation of global open source communities. In the last year, Red Hat launched advancements to its hybrid cloud portfolio, including managed cloud services to help organizations develop cloud-native apps through collaboration with hyperscalers in areas such as data science and API management.
“We are honored to be recognized by WatersTechnology’s readers as the best cloud infrastructure provider in this year’s Waters Rankings. We aim to help financial services firms harness hybrid cloud technology and an open, collaborative culture to modernize and innovate at their own pace, while reducing risk, driving efficiencies, and achieving strategic growth.”
Richard Harmon, vice president, global financial services industry, Red Hat
Future Objectives
Red Hat continues to drive software development according to financial services industry requirements and regulations. It works closely with an extensive ecosystem of partners to offer flexible financial services solutions to help customers deliver innovative digital experiences, improve operational resilience, monetize data, and modernize applications.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Awards & Rankings
Buy-Side Technology Awards 2024 winner’s interview: Artificial Intelligence Risk
CEO of AI Risk discusses how its AIR-GPT platform earned the company Best buy-side AI platform or tool (compliance) at the BST awards
AFTAs 2024: Best AI/machine learning initiative—TCW Group
Project name: EU Securitization Regulatory & Compliance
AFTAs 2024: Best IT team—TCW Group
Project name: ETF Launch Project
Buy-Side Technology Awards 2024 winner’s interview: Kaizen
Kaizen won the Best market surveillance platform category in this year’s BST Awards, discussed in this video with Kaizen’s vice-president
AFTAs 2024: All the winners
Here are the winners of the 27 categories in the 2024 American Financial Technology Awards. This year's multi-category winners are JP Morgan Asset and Wealth Management, Morgan Stanley, TCW Group and Northern Trust.
AFTAs 2024: Best data management initiative—Bank of America
Project name: Enterprise DataConnect
Buy-Side Technology Awards 2024 winner’s interview: S&P Global Market Intelligence
S&P Global Market Intelligence won Best buy-side managed data service for the second consecutive year thanks to its iLEVEL Managed Data Services offering
SimCorp back to its winning ways
What separates SimCorp’s Ibor from similar offerings across the buy side, and its foundational role in the creation of the firm’s recently unveiled investment management platform, SimCorp One.
