Could cloud computing make traditional data centres obsolete in finance, or will hybrid models remain essential for critical banking infrastructure?
Richard Harmon: Hybrid cloud is the reality today and will continue to be because financial firms need choice, particularly with DORA in place.
No different from how organisations use multiple operating systems or database technologies depending on the use case, they will continue to adopt a mix of hosting environments – including owned data centres, leased spaces, managed service providers( MSPs) and public cloud platforms.
A hybrid approach – especially with a consistent, common management layer or platform – enables businesses to use whichever infrastructure makes sense at the time, giving flexibility, resilience and adaptability to go where the business needs.
Dean Clark: Traditional datacentres aren’ t disappearing anytime soon. Instead, at GFT, we’ re seeing most of our customers adopt hybrid infrastructures.
They are selectively moving workloads to the cloud where it makes
“ Hybrid cloud is the reality today and will continue to be”
RICHARD HARMON, VICE PRESIDENT AND GLOBAL HEAD OF FINANCIAL SERVICES, RED HAT
96 April 2025