Global Financial Firm Partners With Juniper to Deploy High-Performance, Ultra-Scalable Next Generation Data Center Network Infrastructure to Enhance Flexibility, Ensure Resiliency and Improve Application Performance to Better Serve Clients Across Four Continents
SUNNYVALE, CA--(Marketwired - May 12, 2014) - Juniper Networks (
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. 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.
"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," said Shaygan Kheradpir, chief executive officer, Juniper Networks. "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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*Gartner 2014 CIO Agenda: A Banking/Investment Perspective