PUBLISHER: IDC | PRODUCT CODE: 1416268
PUBLISHER: IDC | PRODUCT CODE: 1416268
IDC PeerScape: Practices for Application and Workload Modernization in ASEAN Banks
This IDC PeerScape looks at how three leading ASEAN banks - in Thailand, Vietnam, and the Philippines - leverage the public cloud to deliver quantifiable business value by moving critical applications and workloads beyond their private clouds."Banking modernization will continue to capitalize on public cloud-based core banking applications and workloads to meet the expanding digital consumer demands," says Clay Miller, adjunct research advisor with IDC's IT Executive Programs (IEP). "Modern multicloud, cross-cloud tools and open cloud architectures will provide expanded alternatives as banks race to stay competitive."
IDC PeerScape Figure
Executive Summary
Peer Insights
- Practice 1: Embrace Cloud for Enhanced Agility and Faster Time to Market for New Products and Services
- Challenge
- Example
- AutoX
- Guidance
- Practice 2: Make Modernizing and Migrating Banking Applications to the Cloud a Top Priority
- Challenge
- Example
- Techcombank
- Guidance
- Practice 3: Optimize Tools and Processes to Unlock the Full Potential of Cloud for Modern Banking
- Challenge
- Example
- UnionBank
- Guidance
- Practice 4: Review Cloud Spend and Resource Utilization via New Pay-as-You-Go Procurement Models
- Challenge
- Examples
- AutoX
- Techcombank
- UnionBank
- Guidance
