Juniper Networks has announced that global financial services firm UBS has selected the company to build a next generation enterprise data center network infrastructure.
Many financial service institutions face unprecedented pressures ranging from changing economic conditions to increased regulations and rapidly evolving technologies — all while needing to optimize their cost structure.
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According to Gartner, sixty-eight percent of banking and investment institutions will change their technology and sourcing approach in the next two to three years. It’s apparent that financial firms are seeking IT solutions that will balance their need for increased flexibility and application performance with cost discipline. These institutions must implement a new set of principles to align IT infrastructure with business strategy, requiring an IT architecture and network that can react with speed, agility and at scale to guarantee performance and deliver competitive advantage while driving cost takeout.
UBS plans to implement key components of Juniper Networks MetaFabric architecture, an open standards-based architecture with proven routing, switching, security, management and orchestration solutions, to support the bank’s current and future business goals.
- Juniper will build a carrier-class, ultra-scalable, network architecture for UBS.
- Juniper’s networking architecture will serve as the building block to help virtualize multiple UBS data center environments.
- Juniper’s solution will deliver a resilient and secure global infrastructure.
- Juniper software will deliver advanced orchestration via automation, management, and data analytics.
Shaygan Kheradpir, CEO, Juniper Networks, said: "Banks are re-engineering their business models in light of changing market and regulatory conditions, changing customer behavior, and emerging technologies. Managing this transformation in financial services requires an intelligent High-IQ network infrastructure that knows how to fluidly adapt to business demands. It also requires building private clouds that deliver applications with high performance and agility.
"Juniper’s technologies enable financial services institutions to realize the benefits of carrier-class, ultra-scalable cloud data center solutions that are virtualized, secure, and flexible enough to accommodate the performance demands of their clients anywhere, anytime."
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