Juniper Networks has been selected by global financial services firm UBS to build a next generation enterprise data center network infrastructure.
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. Its networking architecture will serve as the building block to help virtualize multiple UBS data center environments.
The company's solution will deliver a resilient and secure global infrastructure.
"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, CEO, 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."
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.