IDC PeerScape: Practices for Application and Workload Modernization in ASEAN Banks
This IDC PeerScape looks at how three leading ASEAN banks — in Thailand, Vietnam, and the Philippines — leverage the public cloud to deliver quantifiable business value by moving critical applications and workloads beyond their private clouds."Banking modernization will continue to capitalize on public cloud–based core banking applications and workloads to meet the expanding digital consumer demands," says Clay Miller, adjunct research advisor with IDC's IT Executive Programs (IEP). "Modern multicloud, cross-cloud tools and open cloud architectures will provide expanded alternatives as banks race to stay competitive."
Please Note: Extended description available upon request.
- IDC PeerScape Figure
- Executive Summary
- Peer Insights
- Practice 1: Embrace Cloud for Enhanced Agility and Faster Time to Market for New Products and Services
- Challenge
- Example
- AutoX
- Guidance
- Practice 2: Make Modernizing and Migrating Banking Applications to the Cloud a Top Priority
- Challenge
- Example
- Techcombank
- Guidance
- Practice 3: Optimize Tools and Processes to Unlock the Full Potential of Cloud for Modern Banking
- Challenge
- Example
- UnionBank
- Guidance
- Practice 4: Review Cloud Spend and Resource Utilization via New Pay-as-You-Go Procurement Models
- Challenge
- Examples
- AutoX
- Techcombank
- UnionBank
- Guidance
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