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Extending Financial Services Profit Margins with Open Source

TimPeters

 

Investing in IT innovation is essential to improve the speed and quality of operations, fUntitled design (4).jpgacilitating business growth and an increasing bottom line.

Financial service organizations rely on an infrastructure that is agile, scalable, and secure to run high-level financial applications and provide a seamless customer experience. Traditional compute platforms can no longer handle the rising volumes of sensitive customer and operational data, and IT departments are looking to adopt powerful IT solutions to drive efficiencies and promote innovation. Those who do will have the opportunity to capitalize on new sources of revenue, reduce time-to-insight, and mitigate risk.

Small and midsize businesses (SMBs) are finding it especially important to expand the scope of their financial operations in the following ways:

  • Protecting information and managing risk/fraud while conforming to regulatory mandates
  • Heightening collaboration both internally and externally
  • Processing data in real-time to accelerate service delivery, predict cyberattacks, and increase profitability
  • Supporting a range of applications with different data requirements, both on-premises and in the cloud
  • Extending visibility and IT management across remote sites
  • Balancing system availability against budget and manpower limitations
  • Building flexibility and agility into IT environments to accommodate growth

In order to exploit these trends, firms must choose an operating system that can be modified and scaled to suit their individual requirements. The answer is open source.

Open source technologies are developed as a public collaboration and made freely available to users, letting firms adopt software from multiple vendors which is tailored to their financial services needs. ClearOS is a simple, secure, and affordable open source operating system that offers over 100 applications—most of them free—to help users develop their IT infrastructures. Financial organizations are rapidly deploying these solutions to power a variety of operations, such as accounting, billing and invoicing, e-commerce, investment management, personal financing, and more.

The HPE ProLiant server family is particularly well-suited to accelerate these complex workloads. Combined with ClearOS software, these top-of-the-line systems create a reliable and flexible infrastructure that make it easy to deploy, manage, and scale countless applications. The HPE ProLiant MicroServer comes preloaded with ClearOS as well as a built-in application marketplace to deliver point and click simplicity at low cost of ownership, making it an ideal choice for SMBs. The MicroServer is a compact, entry-level server expressly designed for small business environments, and with a sophisticated web-based user interface, firms have the ability to streamline financial IT management, installation, and automated upgrades for optimal business performance.

Implementing the right hardware and software solutions is crucial to any SMB strategy. Firms who successfully deploy these innovations are experiencing greater reliability, scalability, and security to run financial applications. Together with high availability and compute capacity, organizations are achieving new levels of performance, allowing them to expand for new branch locations, launch enhanced customer services, drive better business outcomes, and gain valuable competitive advantage.

To learn more about how open source operating systems are empowering financial SMBs, I invite you to follow us on Twitter at @HPE_SMB.

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About the Author

TimPeters

VP/GM for HPE ProLiant Rack and Tower Servers and SMB Solutions. Previously VP/GM for HPE Server Software and Enterprise Solutions. Prior to HPE, Tim founded and partnered in technology management to provide strategic and operational expertise to both established and emerging companies. Seventeen years at Dell with scope of responsibility broad and inclusive for managing the company’s single largest P/L of the core product portfolio. Established successful start-up businesses in new product segments. Worked in Asia to consolidate and scale global development and operations while engaging new business partners to create a forward-thinking organization responsible for the long-term horizon in business investments, technology planning and solution development.