A recurring theme we hear about in banking technology concerns the mismatch between a financial institution’s resources and the expectations its many stakeholders have. Simply, it’s not easy for a bank or credit union’s IT staff to be able to keep up with every technology needed to drive their institution forward.
Whether it’s staffing levels, budgets or administrative backlogs, the act of keeping an institution up and running keeps most CTOs, CIOs and systems administrators busy most of the time. And when it comes to hardware, the speed at which technology is advancing changes all the time. Not to mention the many ways people expect to access their accounts and services.
That all said, I’d like to point you toward BankNews, which is currently featuring a tale of two banks — MidSouth Bank and Liberty First Bank — that have successfully overcome some of these limitations through virtualization:
This has opened the door to efficiencies by unclogging information pipelines: a virtual network can be accessed immediately from any workstation with on-the-fly data redundancy. Not only are these two institutions keeping pace, they are moving ahead of the curve, paving the way for future growth in a highly competitive landscape.
Penned by Safe Systems president Darren Bridges, the article goes on to discuss how virtualization — a technology that consolidates systems bringing multiple ‘virtual’ servers into one environment — can be a game changer for financial institutions. Read the full story here.