Open source is driving innovation by allowing contributors to adapt, extend and change software quickly to respond to market needs. Financial services are striving to reduce cost of support and operations through a modern platform that services customers and associates.   As financial services use new technology to extend market reach, technology operations are challenged to support solutions which sometimes are difficult to manage at scale. Ops and Security know that open source is not free lunch as it has to engineered, integrated into the bank operations and processes to ensure regulatory compliance.   Balancing developers’ freedom of choice vs day-two supportability cannot be ignored.   Attend this session to learn about unifying the needs for innovation and stability through an open source platform. The selection of fundamental capabilities such as cloud readiness, scale, auditability, transparency, ease of integration, product lifecycle standards can benefit both FinTech and FinServ. Open source means also tapping into a large talent pool of professionals that want to work with visibility and collaboratively.

1. SUPPORTING INNOVATION AND STABILITY
IN SOLUTIONS DEVELOPMENT
WITH OPEN SOURCE PLATFORMS
ALESSANDRO PETRONI
Director, Head of Strategy Financial Services, Red Hat
Nov 14, 2018

2. Increasing
client
expectations
Complex
regulatory
landscape
Longer time to
revenue
Intense
competive
pressures
SOLVING TODAY’S CHALLENGES
WHAT DO FINANCIAL SERVICES FACE?

3. Deliver
superior
client
experiences
Agility to keep
pace with
required change
Reduce costs
and increase
operational
efficiency
Innovate to
remain relevant
THE RESPONSE IS..

4. NEXT-GENERATION
ARCHITECTURE
Modernize existing and
build new cloud-based
infrastructure
More agile process
across both IT and
the business
INVOLVES TRANSFORMING I.T. AND BUSINESS
New ways of developing,
delivering, and integrating
applications
DEVOPS & CULTURAL
CHANGES
CLOUD-NATIVE
PLATFORMS
TRANFORMATION BEYOND TECHNOLOGY

5. EVOLUTION

6. EVOLUTION

7. CONTINUOUS IMPROVEMENT
EVOLUTION

8. ● Enable efficiency and automation for
microservices, but also support
traditional applications
● Enable faster and more consistent
deployments from development to
production
● Enable application portability across
4 infrastructure footprints: physical,
virtual, private & public cloud
CONTAINER AS THE MEAN OF VALUE DELIVERY

9. CONTAINERIZER BUSINESS MICROSERVICE
THE FUNCTIONAL LEGO BLOCKS
BUSINESS
LOGIC
MANAGED API
COMMUNICATIONSTATE
MIDDLEWAREIDENTITY

10. WHERE TO DEPLOY? JUST EVERYWHERE
ALL KINDS OF APPS AND ENVIRONMENTS, INCLUDING CONTAINERS
PHYSICAL VIRTUAL PRIVATE CLOUD PUBLIC CLOUD
TRADITIONAL CLIENT-SERVER INTERNET CLOUD

11. F4726-022217
YOUR PEERS SAY THESE ARE THEIR TOP PRIORITIES AND CHALLENGES
Optimize the IT
you have
Integrate apps, data,
and processes
Add and manage cloud
infrastructure
Build more modern
applications
BALANCING INNOVATION AND OPTIMIZATION

12. F4726-022217
HERE’S WHAT YOUR PEERS SAY ARE THEIR TOP PRIORITIES AND CHALLENGES
GAIN
EFFICIENCY
INCREASE
AGILITY
IMPROVE
PRODUCTIVITY
MOVE
FASTER
Optimize the IT
you have
Integrate apps, data,
and processes
Add and manage cloud
infrastructure
Build more modern
applications
BALANCING INNOVATION AND OPTIMIZATION

13. WHY OPEN SOURCE?
WHAT IS THERE FOR ME?*

14. F4726-022217
IT’S NOT JUST CODE; IT’S CULTURE
Collaboration
Transparency
(both access and
the ability to act)
Shared problems
are solved faster
Working together
creates necessary
standardization
+
OPEN SOURCE
CULTURE

15. OPEN SOURCE FUELS RAPID INNOVATION
*

16. FROM COMMUNITY TO ENTERPRISE
Contribution

17. WHY NOT OPEN SOURCE BANKING?
Trading
Wealth
Payments
Clearing
Lending
AML
KYC
DepositsCommon Svc
Architectural
Frameworks
IP
vs.
OSS

18. WHY NOT OPEN SOURCE BANKING?
Trading
Wealth
Payments
Clearing
Lending
. .
AML
KYC
Auditing FS Objects DApps
Deposits
Compliance
FS Compliant Cloud Safe Storage Immutable Ref Data
Mutualized Svc
Common Svc
Architectural
Frameworks
IP
vs.
OSS
. .

19. WHY NOT OPEN SOURCE BANKING?
Trading
Wealth
Payments
Clearing
Lending
. .
AML
KYC
Auditing FS Objects DApps
Deposits
Compliance
FS Compliant Cloud Safe Storage Immutable Ref Data
Mutualized Svc
Common Svc
Architectural
Frameworks
IP
vs.
OSS
STD FSI
Platforms
PHYSICAL VIRTUAL PRIVATE CLOUD PUBLIC CLOUD
. .

20. OPEN SOURCE BANKING
Trading
Wealth
Payments
Clearing
Lending
. .
AML
KYC
Auditing FS Objects DApps
Deposits
Compliance
FSI + FinTech
FS Compliant Cloud Safe Storage Immutable Ref Data +

21. F4726-022217
Self-Service
Multi-language
Automation
Collaboration
Seamless
Standards-based
Web-scale
Open Source
Enterprise
Grade
Secure
CRITICAL FEATURES FOR INNOVATIVE PLATFORM

22. F4726-022217
MUST HAVE
TO RUN THE WORLD
WITH OPEN SOURCE
*

23. F4726-022217
2
3
OPEN IS NICE, SECURITY IS MUST
NEED TO BALANCE INNOVATION AND STABILITY

24. F4726-022217
OSS YES …YET SAFE & STABLE
GETTING CHANGES
ACCEPTED UPSTREAM
USER INTERFACES
SOLVING COMMON
CHALLENGES THROUGH
COLLABORATION
COMMUNITY DEVELOPMENT
BRILLIANT INNOVATION
RAPID ITERATION
QA AND INTEGRATION
PREDICTABLE, STABLE
LIFE-CYCLE
MANAGEMENT
SECURE VALUE CHAIN SUPPORT

25. WE BELIEVE THAT
OPEN UNLOCKS THE WORLD POTENTIAL.
DO YOU?

26. THANK YOU
Alessandro Petroni apetroni@redhat.com
plus.google.com/+RedHat
linkedin.com/company/red-hat
youtube.com/user/RedHatVideos
facebook.com/redhatinc
twitter.com/RedHatNews

27. Additional material

28. F4726-022217

29. F4726-022217
SOFTWARE SUPPLY-CHAIN SECURITY
From FinTech POVs to FSI Production
REQ DEV
UNIT
TEST
CODE
QUAL
SEC
SCAN
INT
TEST
QA
UAT
PROD
Trusted code repos
ODP OPENSHIFT “SOFTWARE FACTORY”
AUTOMATED QUALITY
CCB
RAPID
ATO
CM CS
-Che-Jira
-Trello
body of evidence

30. F4726-022217
3
0
CONTINUOUS INTEGRATION & DEPLOYMENT PIPELINE
INTEGRATED
IMAGE
REGISTRY
CONTAINER
CLUSTER
3
0
DEVELOPER GIT SERVER
ARTIFACT
REPOSITORY
CI/CD PIPELINE
(JENKINS)
IMAGE BUILD
& DEPLOY
INTEGRATED
IMAGE
REGISTRY
OPENSHIFT
CLUSTER
GO
LIVE?
PROMOTE
TO TEST
PROMOTE
TO UAT
PROMOTE
TO PROD
RELEASE
MANAGER
NON-PROD PROD
DEV TEST UAT
☒ ☑
ServiceNow
JIRA Service Desk
Zendesk
BMC Remedy