Red Hat X Podcast Series

Accelerating Open Banking with Red Hat OpenShift Featuring: GT Software


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Many experts believe that the banking industry will change more in the next five years than it has in the last twenty-five years as a result of the rising influence of FinTechs, Open Banking requirements, and Real-Time Payment initiatives. In order to deal with these changes, banks will need to open their core banking systems with a scope and scale that have never before been contemplated. But one of the biggest roadblocks in doing so is the dependence of banks on legacy mainframe systems. Believe it or not, mainframe systems still run over 30 billion transactions per day globally and handle over 90% of all credit card transactions! In order to succeed going forward, banks will need a better way to integrate their core banking systems to the rest of the world than traditional methods. In this podcast we take a look at GT Software’s Ivory Service Architect to understand how it can help banks rise to both the challenges and the opportunities of the change taking place in their industry.

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