Since cloud for industries has been on my mind lately, I read the HP Industry Edge Financial Services edition with great interest. The article by Jim Scurlock caught my attention because he is discussing how shareholders within forward-looking financial institutions are changing the conversation around IT. Their focus is not just on the newest technology on the block or exercising control over the operational expenses. Scurlock says their focus is more on maximizing shareholder value. He goes on to share the 4 steps that form the basis for driving the conversation around IT.
I find that these 4 steps reinforce the need for cloud computing-based solutions in the financial industry. Let me explain how:
A “work smarter, not harder” philosophy led North Shore Credit Union (NSCU) to partner with HP Enterprise Services in a groundbreaking collaboration that frees the credit union to focus on strategic business differentiation through exemplary client service.
Enabling this success behind the scenes is NSCU’s HP Infrastructure Technology Outsourcing (ITO) relationship with HP Enterprise Services. HP hosts NSCU’s core banking system, Temenos T24 Model Bank for Canada, at a secure, Information Technology Infrastructure Library (ITIL)-compliant data center in Vancouver.
HP recently announced Prepaid Card Services that open new market opportunities for banks and other industries. The announcement made me start thinking about whether I’d ever used a prepaid card myself. I was surprised by the number of times I’ve participated in this simple convenience and not even realized it. Have you used a prepaid card lately?