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FS eBook How Financial Servi Can Get Dig Advan FINAL

FS eBook How Financial Servi Can Get Dig Advan FINAL

BUILD MORE THAN A NETWORK.™ How Financial Services Can Get a Digital Advantage with a Better Network INSIDE No-compromise agility Build a better network Accelerate the journey to the cloud Streamline and automate network operations Get smarter about cybersecurity Digital transformation unlocks new revenues, creates efficiencies, and deepens customer loyalty. A fast, flexible network is essential for success. 2 How Financial Services Can Get a Digital Advantage with a Better Network ©2017, Juniper Networks, Inc. Executive summary Technology is the most creative force in financial services today—and the most destructive. Digital transformation promises to drive new revenues and deepen customer loyalty, but capturing the opportunity means surviving disruption—of legacy ways and of new competitors. Financial institutions need an IT infrastructure that lets them move with unprecedented agility, while managing unprecedented risk. Your firm needs to move with the incredible speed and agility of the Amazons and Googles of this world. You need to create exceptional digital customer experiences that stand out not only among peer institutions, but expectations for service set by Web 2.0 companies. Agility is alluring, but a technology glitch can tarnish customer trust—not to mention vaporize untold economic value. Your firm needs an IT infrastructure that delivers the renowned performance, scalability, and security of the largest service providers. When it comes to IT infrastructure requirements, financial services institutions sit squarely in the nexus of service providers and Web 2.0 companies. Successful digital transformation depends on: Cloud. Take advantage of cloud economics while putting risks behind you. Automation. Accelerate the delivery of new digital services and experiences. Security. Protect against unprecedented cybercrime and business disruption. ©2017, Juniper Networks, Inc. How Financial Services Can Get a Digital Advantage with a Better Network No-compromise agility You need a digital advantage. Your firm must move swifly, driving advantage with technology and delivering personalized customer experiences with ease. You need to fail fast, try again, and tolerate risk. You need an IT infrastructure that delivers high performance and resiliency. And with an IT infrastructure that’s designed for cloud, automation, and next-generation security, you can. At Juniper Networks®, we have a keen understanding of what it takes to fuel your business with technology. From financial services to service providers, some of the world’s most demanding networks run on Juniper routing, switching, and security. “World-class performance, reliability, and stability is crucial for our daily operations at the Tokyo Stock Exchange, and we are delighted to have been able to rely on the consistent technology and services from Juniper Networks through the years, having had zero major incidents since ‘arrownet’ was first established in 2009.” – Ryusuke Yokoyama, Executive Ofcer, IT Development, IT Services, Tokyo Stock Exchange ³ 85% of bankers anticipate the pace of technology change will increase rapidly or at an unprecedented rate over the next three years.1 90% of insurance carriers anticipate the pace of technology change will increase rapidly or at an unprecedented rate over the next three years.2 Increasing profitability of clients and the impact of new technologies are the two biggest challenges facing capital markets through 2020.3 1 https://www.accenture.com/us-en/insight-technology-vision-banking-2016 2 https://www.accenture.com/us-en/insight-insurance-technology-vision-2016 3 http://www.pwc.se/sv/pdf-reports/capital-markets-2020-will-it-change-for-good.pdf 4 How Financial Services Can Get a Digital Advantage with a Better Network ©2017, Juniper Networks, Inc. Build a better network Digital transformation impacts every aspect of your business—from each customer interaction to the farthest corner of the back-ofce. To gain the agility you need, you need to disrupt the status quo for your IT infrastructure. A simple, open, and smart network can change the game. At Juniper, innovation is in our DNA. Our routers have been powering the Internet from the earliest days. The world’s leading Web 2.0 companies and global service providers run their businesses on Juniper. Our performance, reliability, and security are why Juniper is a trusted network brand among the leading banking, insurance, and capital market sectors. You can build a better network to fuel innovation. A network that lets you create new business models and customer insights while lowering operational costs. One that delivers mission-critical performance and resiliency. One that scales with the deluge of users, devices, data, applications, and services. One that simplifies IT transformation and ensures your organizational success. “Over the past several years Juniper’s position has had some ups and downs. Its strength has always been solving tough networking problems and helping its customers through those challenges. The Unite framework is a solid, prescriptive way for Juniper customers to move to a hybrid cloud.” – Zeus Kerravala, Founder and Principal Analyst, ZK Research 95 of the Fortune 100 The top five social media networks Seven of the eight world’s largest stock exchanges The top 130 service providers 86% of smart phone trafc The World’s Biggest Businesses Run on Juniper ©2017, Juniper Networks, Inc. 5 How Financial Services Can Get a Digital Advantage with a Better Network Accelerate the journey to the cloud It’s clear that cloud drives agility and lowers cost, but the question has been risk. Many financial institutions are embracing a hybrid IT operations model to gain cloud economics while maintaining tight control over mission-critical applications, customer data, and intellectual property. With hybrid IT, you can build the right combination of public cloud applications and private data centers for your business. The biggest global banks will save $15 billion from cloud adoption by 2019, cutting global technology infrastructure costs by 25%.4 Two-thirds of global financial firms will use cloud services in a significant way by 2018.5 Juniper data center solutions can accelerate the move to hybrid IT. You can connect and manage multiple clouds, whether private or public. You can securely connect users to workloads anywhere, and scale easily with demand. Network resources are provisioned automatically and in real time, eliminating manual IT work and business delays. The user experience is assured—and security enforced—even across complex, global infrastructures. $15B 4 http://www.reuters.com/article/us-usa-finance-cloud-analysis-idUSKBN16O0FO 5 http://www.reuters.com/article/us-usa-finance-cloud-analysis-idUSKBN16O0FO ©2017, Juniper Networks, Inc. 6 How Financial Services Can Get a Digital Advantage with a Better Network Streamline and automate network operations Your development teams have embraced agile, DevOps, and continuous delivery. But what about the network? Can the network engineering team keep pace with accelerated application and service releases? Network automation underpins the move to hybrid IT and DevOps. With automation, the network manages itself based on the unique requirements of each application or service. Automating network configuration and management frees your IT staf for more strategic work. It reduces the risks of human errors, which are a major factor in security breaches and downtime. And automation results in better user experiences and greater operational efciency. Human error accounts for as much as 35% of downtime.6 Developing an application in the cloud can help reduce the time it takes to launch from 89 days to 15 days. 7 6 http://go.juniper.net/assets/pdfs/Demand/3510595-001-EN.pdf 7 http://www.mckinsey.com/business-functions/digital-mckinsey/our-insights/agilecompendium Juniper is a leader in network automation. For decades, network teams have slept easier knowing they could roll back a configuration when necessary. Zero-touch provisioning takes the pain out of global deployments. And Juniper Networks® Junos® automation tools automate operational and configuration tasks for Juniper routing, switching, and security, speed troubleshooting, and maximize uptime by warning of potential problems and automatically responding to system events. We’re not stopping there. Our vision is a self-driving network, where the network is predictive and adaptive. A network that sees and fixes problems before you do. The Self-Driving NetworkTM – The Journey Human-Driven Automation Event-Driven Machine-Driven Cognitive The Self-Driving Network ©2017, Juniper Networks, Inc. 7 How Financial Services Can Get a Digital Advantage with a Better Network Get smarter about cybersecurity Cybersecurity isn’t just an IT problem anymore. It’s a strategic business problem. The status quo for cybersecurity isn’t working. You need a better way to detect and stop threats faster. Instead of a never-ending game of cat-andmouse, you need a network that defends itself from end to end. Cybercrime generates more than $2 billion a year, more revenue than the GDP of many countries.8 69% of CEOs in financial services are extremely or somewhat concerned about cyber-threats. 9 There will be a global cybersecurity workforce shortage of 1.8 million people by 2020.10 With a Sofware-Defined Secure Network (SDSN) from Juniper, your business gains a unified defense across multivendor environments, private clouds, and public clouds. Your network will know when and how to defend your people, data, and infrastructure. You’ll have cybersecurity that’s powered by automated remediation, real-time intelligence, and machine learning. Security that works across the entire network, both physical and virtual, to ensure that threats are detected quickly and security policies are enforced. 8 https://www.forbes.com/sites/stevemorgan/2016/01/17/cyber-crime-costsprojected-to-reach-2-trillion-by-2019/#61c17ba33a91L 9 http://www.pwc.com/gx/en/ceo-agenda/ceosurvey/2016.html.html 10 http://www.prnewswire.com/news-releases/global-cybersecurity-workforceshortage-to-reach-18-million-as-threats-loom-larger-and-stakes-risehigher-300469866.html ©2017 Juniper Networks, Inc. 8 Transform Your Network. Transform Your Business. At Juniper, we help customers build more than a network to run your business. We help you build something amazing. The foundation of a better network is Juniper Networks Junos, a single operating system for Juniper switching, routing, and security, whether physical or virtual. Known for its simplicity and network innovation, Junos OS is built with more than 20 years of reliability, security, and flexibility as the core principle. With Junos OS, you can spend less time planning, deploying, and operating your network infrastructure. You can unleash the power of network automation with streamlined precision. Safeguard your transformation success Digital change is an unprecedented opportunity to drive revenue and deepen customer loyalty. To maximize the success of business transformation, your firm needs an IT infrastructure that is fast, flexible, and secure. With Juniper, you can build a better network—from hybrid cloud to the farthest branch ofce and connected device. And that means you can stay focused on your business. Juniper is your trusted networking partner. Our customers are critically important to us. We build lasting relationships, from the executive suite to the engineering and sales teams. Juniper Services and Support Plan Assess, design, and plan your network. Build Deploy your new or upgraded network or security system. Operate Keep your network running. Next Steps For more information about Juniper, please contact your Juniper representative or go to www.juniper.net/ About Juniper Networks Juniper Networks challenges the status quo with products, solutions, and services that transform the economics of networking. Our team co-innovates with customers and partners to deliver automated, scalable and secure networks with agility, performance and value. Additional information can be found at Juniper Networks or connect with Juniper on Twitter and Facebook. Corporate and Sales Headquarters Juniper Networks, Inc. 1133 Innovation Way Sunnyvale, CA 94089 USA Phone: 888.JUNIPER (888.586.4737) or +1.408.745.2000 Fax: +1.408.745.2100 www.juniper.net Copyright 2017 Juniper Networks, Inc. All rights reserved. Juniper Networks, the Juniper Networks logo, Juniper, and Junos are registered trademarks of Juniper Networks, Inc. in the United States and other countries. All other trademarks, service marks, registered marks, or registered service marks are the property of their respective owners. Juniper Networks assumes no responsibility for any inaccuracies in this document. Juniper Networks reserves the right to change, modify, transfer, or otherwise revise this publication without notice. APAC and EMEA Headquarters Juniper Networks International B.V. Boeing Avenue 240 1119 PZ Schiphol-Rijk Amsterdam, The Netherlands Phone: +31.0.207.125.700 Fax: +31.0.207.125.701 7400066-001-EN August 2017 Citations: 1 Accenture Technology Vision for Banking 2016 2 Ibid. 3 “PWC Capital Markets 2020,” PwC, 2015 4 “U.S. financial firms embrace cloud, ‘fat fingers’ not withstanding,” Reuters, March 17, 2017 5 Ibid. 6 “Four Point Checklist to Modernize Your Enterprise Campus Network,” Juniper Networks 7 “Agile Compendium,” McKinsey & Company, December 2016 8 “Cybercrime Costs Projected to Reach $2 Trillion by 2019,” Forbes, January 7, 2016 9 “19th Annual Global CEO Study,” PwC, 2017 10 “Global Information Security Workforce Study,” Frost and Sullivan, June 7, 2017