Financial services moving to hybrid cloud – but rearchitecting legacy systems remains a challenge

The move to hybrid cloud is one which virtually every industry is undertaking – but the financial services industry is getting there ahead of most. According to the latest data issued by Nutanix for its Enterprise Cloud Index Report, more than one in five financial organisations polled (21%) are deploying a hybrid cloud model today. This is up from the global average of 18.5%. 91% of those polled said hybrid cloud was their ‘ideal’ IT model. Yet while the push to hybrid is still an important one, there are plenty of areas where financial firms are struggling. Like many other industries – insurance being another one, as sister publication AI News found out when speaking to LV= earlier this week – a serious concern remains over rearchitecting and organising legacy systems.