In this video blog, Michael Pasacrita, Web Applications Developer at Numerix speaks with Jim Jockle, CMO about the consumerization of IT and how it’s being developed, managed and adopted across financial institutions. Michael and Jim examine the various business uses of these technology developments, and how they’re being implemented by the end user. Michael addresses the debate around virtualization versus cloud computing and importance of UI within the financial industry.
Jim Jockle (Host): Hi welcome to the Numerix video blog. I’m your host Jim Jockle. Joining me today is
Michael Pasacrita, Web Applications Developer at Numerix. Michael, welcome.
Michael Pasacrita (Guest): Thank you Jim. Good to be here.
Jockle: Glad to have you here. Let me ask you some questions. Traditionally, financial services have done a lot of in-house development. A lot of that was very traditional in terms of .net-type code and deployment. Perhaps you can give us a little insight of how arguably financial institutions are dealing with the consumerization of IT in living in the iPad world. And what is the role of the browser going forward in the development process for these types of institutions?
Pasacrita: Sure. Traditionally, like you said, there was a thick, server-based environment. A lot of financial institutions built out these large co-lo’s with clustered server environments. They spent a lot of money virtualizing, and now all of a sudden the trend is to move towards cloud deployments. And a lot of them are left wondering, "Well, why did I spend all the money five years ago for, and now how do I start to make the move?" How do I integrate between my existing systems and what’s being pushed into the cloud? How does it affect user experience and how it will fit in to the big picture?