IBM has revealed that Korean credit card company, Lotte Card, is collaborating with IBM Services to transition its entire enterprise system to a hybrid cloud environment.
The move, which includes mission-critical and core financial accounting systems, means the firm will utilise cloud-native technology from IBM and Red Hat Openshift to migrate its core business applications to a managed private cloud.
It comes as Lotte Card aims to achieve greater visibility, scalability, security and speed while reducing costs, risk and complexity to its IT infrastructure so it can deliver innovative services to its clients.
Archana Vemulapalli, GM IS Offering Strategy, Management and Development, IBM Services commented: “We look forward to bringing the power of IBM’s hybrid cloud capabilities and financial services industry experience to Lotte Card’s mission-critical infrastructure.
“IBM is intently focused on working with our financial services clients all over the world to help them address critical requirements and enable industry innovation so they can service the public, while addressing the industry standards for regulatory compliance, security and resiliency.”
With several economic, demographic, regulatory and technological factors in play, the cards and payments industry is witnessing rapid innovation across the value chain.
Additionally, today’s tech-savvy consumers are using various payment options, such as simple payment services. To meet the need for innovation with speed, as well as deliver applications and services with minimal cost and risk, Lotte Card plans to leverage open, hybrid cloud technologies from IBM and Red Hat to introduce a diverse set of new digital services for its Korean customer base.
Lotte Card previously migrated its mobile application to the cloud in order to build a scalable and flexible system foundation that can actively cope within an enterprise-grade mobile environment.
To power the program with Lotte Card, IBM has introduced DevOps-based agile methodology in order to speed up the development, testing, modification and release of new software or services in the cloud. IBM will also provide Lotte Card with automation tools designed for strong security and efficient system operation.
Expert Analysis: Integration onto the cloud can inevitably have a significant impact on improving seamlesness and the overall transaction of the process for Lotte Card. Focusing on modernisation and digitalisation is a smart move as the firm looks to maximise its user experience.
