NTT DATA and IBM Expand Partnership to Launch SimplizCloud for Financial Services in India

NTT Data builds a mainframe cloud for Banks

SimpliZCloud is only for India right now, based on big Blue's LinuxONE The mainframe has found another role, thanks to Japan's IT services giant NTT Data which has decided to build a hybrid cloud service based on the IBM LinuxONE platform. The service is called SimpliZCloud, and for now will only be offered to financial services players in India. NTT Data envisions that it will be useful for workloads found in core banking applications, lending and risk management applications, and allow consolidation of compute resources and budgets. "As enterprises consolidate their workloads, they will be able to reduce their datacenter footprint, driving higher sustainability," NTT Data asserted, trumpeting performance that will beat x86 servers - "especially" when it comes to enterprise software license costs and running AI/ML apps. Conventional wisdom suggests that mainframes remain a pricey but potent option for certain applications. Analyst firm Gartner in April opined that "organizations that own a mainframe periodically question the future of the platform because it is perceived as outdated, difficult to manage and costly compared with alternatives such as client/server and public cloud computing." The firm added that IBM's ongoing success selling mainframes owes plenty to the machines' features - but also fear about "the cost, complexity and risk of migrating off of it." (For the record, IBM claims roughly 70 percent of the entire world's transactions by value run through its mainframes, and its most recent model has posted record sales.) Either way, NTT Data clearly thinks the machines are relevant to India's financial services industry. The services company has even worked with analyst firm International Data Corp (IDC) to write a report in which it - maybe by happenstance - came to the same conclusion. "IDC's research has found that organizations expect to lean upon their mainframe applications more in the future as key engines to power enterprise operations, customer intimacy, and innovation," wrote [PDF] IDC's Peter Marston. This resurgence is at least partly a product of the AI/ML boom, according to NTT Data India CEO Avinash Joshi. "Critical business applications, especially those infused with AI and ML, will now have the infrastructure to support performance far ahead of the traditional x86 architectures all in a fully managed, as-a-service model," explained Joshi. NTT Data and IBM have not discussed the specs of the cloud, or if they intend to take it to other nations - which would seem eminently possible given both tech giants are global, as is the banking industry. We've asked and if a substantial reply materializes we'll let you know. ®

NTT DATA and IBM expand partnership in India to launch SimpliZCloud

NTT DATA and IBM have launched SimpliZCloud, a fully managed cloud service built on IBM LinuxONE. The service is designed to support the infrastructure needs of critical workloads like those in financial services organizations including core banking applications, lending and risk management applications. Also read: IBM moots tie up with academies to arm students with future ready skills NTT Data said this solution offers the opportunity to optimize infrastructure investments and ongoing costs by consolidating resources and spending, especially enterprise software license costs. The subscription-based model also helps avoid expensive capital investment and maintenance costs. "With SimpliZCloud, enterprises, especially financial institutions, can make a generational shift in their cloud transformation journey. Critical business applications, especially those infused with AI and ML will now have the infrastructure to support performance far ahead of the traditional x86 architectures all in a fully managed, as-a-service model. This launch represents our continued commitment to supporting our clients' ambitions for innovation and digital transformation," said Avinash Joshi, Chief Executive Officer, India, NTT DATA, Inc. SimpliZCloud is built on a secure, scalable, and integrated architecture that delivers dedicated compute and storage resources, powered by Software Defined Networking (SDN). The service offers a jump in performance over traditional x86 architecture-based environments, claims the company. This is supposed to open the path towards enterprise-wide cloud transformation, leveraging IBM LinuxONE as a hybrid cloud platform. As enterprises consolidate their workloads, they can reduce their data centre footprint. "Over the years, with the IBM LinuxONE platform, IBM has delivered much-needed security, scalability, reliability, and performance to help India's leading financial institutions manage their mission-critical workloads safely and sustainably. By bringing SimpliZCloud to modern enterprises, we continue our commitment to helping them adopt a hybrid-by-design approach," said Viswanath Ramaswamy, Vice President, Technology, IBM India & South Asia. He added that with SimpliZCloud, financial institutions can leverage a highly secure, high-performance platform and robust infrastructure to harness the benefits of AI and hybrid cloud to manage their evolving applications and workloads. SHARE Copy linkEmailFacebookTwitterTelegramLinkedInWhatsAppRedditPublished on September 19, 2024

NTT DATA and IBM expand partnership in India to offer high performance compute for financial services workloads in the cloud

SimpliZCloud - a hybrid cloud service built on IBM LinuxONE, lowers TCO by enabling compute consolidation and license optimizationFeatures Confidential Computing which protects data in use and hardware encryption which protects data at rest and in flight NTT DATA, a trusted global innovator of business and technology services and IBM, today announced the launch of SimpliZCloud, a fully managed cloud service built on IBM LinuxONE. The service is designed to support the infrastructure needs of critical workloads such as those in financial services organizations including core banking applications, lending and risk management applications with a combination of advanced performance, high availability, and unmatched security. It also offers the opportunity to optimize infrastructure investments and on-going costs by consolidating resources and spends, especially enterprise software license costs. With the added benefit of a subscription-based model, it helps avoid expensive capital investment and maintenance costs. SimpliZCloud is built on a secure, scalable, and integrated architecture that delivers dedicated compute and storage resources, powered by Software Defined Networking (SDN). The service offers a significant jump in performance over traditional x86 architecture-based environments. This opens the path towards enterprise-wide cloud transformation, leveraging IBM LinuxONE as a hybrid cloud platform. As enterprises consolidate their workloads, they will be able to reduce their data center footprint, driving higher sustainability. "With SimpliZCloud, enterprises, especially financial institutions now have the power to make a generational shift in their cloud transformation journey. Critical business applications, especially those infused with AI and ML will now have the infrastructure to support performance far ahead of the traditional x86 architectures all in a fully managed, as-a-service model. This launch represents our continued commitment to supporting our clients' ambitions for innovation and digital transformation," said Avinash Joshi, Chief Executive Officer, India, NTT DATA, Inc. "I'm proud of the work our teams at NTT DATA and IBM have done in bringing this service to our clients and look forward to the transformative outcomes of this collaboration." "Over the years, with the IBM LinuxONE platform, IBM has delivered much-needed security, scalability, reliability and performance to help India's leading financial institutions manage their mission-critical workloads safely and sustainably. By bringing SimpliZCloud to modern enterprises, we are continuing our commitment to help them adopt a hybrid-by-design approach. With SimpliZCloud, financial institutions can leverage a highly secure, high-performance platform and robust infrastructure to harness the benefits of AI and hybrid cloud to manage their evolving applications and workloads," said Viswanath Ramaswamy, Vice President, Technology, IBM India & South Asia. SimpliZCloud supports enterprises in addressing major cloud transformation objectives, including: High-performance applications: Providing modern, agile infrastructure for traditional enterprise workloadsEnterprise-grade Linux platform with a unique architecture designed to meet the needs of mission-critical workloadsContainerized environments: Offering fully managed, ready-to-deploy, and agile container solutions on a flexible, private cloud platform.Compliance: Delivering robust infrastructure for applications and workloads governed by strict compliance or regulatory guidelines. To learn more about how NTT DATA's SimpliZCloud service can help your business, please contact us at [email protected] About NTT DATA NTT DATA is a $30+ billion trusted global innovator of business and technology services. We serve 75% of the Fortune Global 100 and are committed to helping clients innovate, optimize, and transform for long-term success. We invest over $3.6 billion each year in R&D to help organizations and society move confidently and sustainably into the digital future. As a Global Top Employer, we have diverse experts in more than 50 countries and a robust partner ecosystem of established and start-up companies. Our services include business and technology consulting, data and artificial intelligence, industry solutions, as well as the development, implementation and management of applications, infrastructure, and connectivity. We are also one of the leading providers of digital and AI infrastructure in the world. NTT DATA is part of NTT Group and headquartered in Tokyo. Visit us at nttdata.com

NTT DATA and IBM Partner to Launch SimpliZCloud for Financial Services in India

SimpliZCloud will provide secure, scalable infrastructure with SDN for better performance, data encryption and Confidential Computing. NTT DATA and IBM are expanding their partnership to launch SimpliZCloud, a new hybrid cloud service to address the computing needs of financial services organizations in India. Built on IBM's LinuxONE platform, SimpliZCloud is built to handle critical financial applications such as core banking, lending and risk management systems. This service will offer advanced performance and security, helping organisations consolidate their computing resources while reducing overall costs. By using a subscription model, SimpliZCloud will aim to eliminate the need for large upfront investments in hardware, allowing businesses to avoid costly maintenance and capital expenses. "SimpliZCloud enables financial institutions to make significant progress in their cloud transformation journey. Critical applications, especially those using AI and machine learning, will now have access to infrastructure that far outperforms traditional x86 architectures," said Avinash Joshi, CEO of NTT DATA India. SimpliZCloud is equipped with secure, scalable infrastructure, featuring software defined networking (SDN) to improve performance. It also includes Confidential Computing, which protects data while it is in use, and encryption features to secure data at rest and in transit. The platform supports enterprise-wide cloud transformation, enabling businesses to reduce their data center footprint and enhance sustainability efforts. NTT DATA had also launched a new Accelerated AI Platform along with Edge AI platform in July designed to speed up the integration of IT and operational technology. The platform brings AI processing closer to where data is generated, enabling faster decision-making and more efficient operations. By unifying various IoT devices, systems, and data, this fully managed solution supports real-time analytics, secure AI deployment, and the advancement of Industry 4.0 technologies across different industries. SimpliZCloud will support financial institutions in modernizing their IT systems while adhering to regulatory guidelines and improving overall efficiency. Viswanath Ramaswamy, Vice President of Technology at IBM India & South Asia, added, "SimpliZCloud provides a secure, high performance platform to help financial institutions manage their workloads in the cloud. It enables them to adopt AI and hybrid cloud technologies to meet evolving business needs."