A glimpse into an industry Cloud using Open Source Technologies - Adrian Koh, EasyStack
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The document discusses Easystack's role as a leading open cloud solution provider and its partnership with China Industrial Bank (CIB) to develop China's first large-scale OpenStack-based fintech industry cloud platform. It presents survey results on OpenStack adoption within Chinese enterprises, emphasizing its growing use in the banking and finance sector, and outlines the technology and services offered by CIB Fintech. The document further highlights the evolution and impact of fintech in China, including business models and technological advancements in the field.
A glimpse into an industry Cloud using Open Source Technologies - Adrian Koh, EasyStack
- 1. EasyStack “Journey Through China’s First Large Scale FinTech Industry Cloud on OpenStack” Adrian Koh Director Global Business Development June 1, 2017
- 2. Introduction Strategic Partner of Aptira Routes to Market: Keen to form new alliances Leading Open Cloud Solution Provider Delivering China’s First Large Scale OpenStack based FinTech Industry Cloud Platform Me: I am responsible for Global Markets EasyStack
- 3. OpenStack Adoption in Chinese Market - Workloads Summary OpenStack Adoption in Enterprises and Organizations (N=511) • Types of Workloads 11.7% 34.1% 14.3% 39.9% Production Dev Test Under Evaluation Source: April 2017 Published Survey Chinese Academy of Information Communications Technology Respondents (N=2873) Industries Representation: •Internet Based •Software and IT Services •Telco •Manufacturing •Government •Healthcare •Transportation and Logistics •Energy and Utilities •Banking, Finance, Insurance •Others Respondents (N=94) Banking, Finance, Insurance: •Major Banks •Small Medium Banks •City Commercial Banks •Rural Credit Commercial Banks •Insurance •Other Finance Institutions Respondents from: 21 Provinces 70 Cities Others
- 4. OpenStack Adoption in Chinese Market - Approach Taken OpenStack Adoption in Enterprises and Organizations (N=277) • Solutioning Approach Source: April 2017 Published Survey Chinese Academy of Information Communications Technology License Enterprise OpenStack Solution from Commercial Vendor with SLA and Support OpenStack Solution that is self developed and supported 43.3% 41.9% 11.6% License Enterprise OpenStack Solution from Commercial Vendor but self supported 3.2% Others
- 5. OpenStack Adoption in Chinese Market - Approach Taken OpenStack Adoption in Banking, Financial Services, Insurance Enterprises and Organizations (N=44) • Solutioning Approach Source: April 2017 Published Survey Chinese Academy of Information Communications Technology License Enterprise OpenStack Solution from Commercial Vendor with SLA and Support OpenStack Solution that is self developed and supported 61.4% 22.7% 15.9% License Enterprise OpenStack Solution from Commercial Vendor but self supported
- 6. CIB FinTech: Evolution and Scale of the Business 637 529 239 269 135 November 2015: Member Banks2005: China Industrial Bank (CIB) “Bank to Bank” Platform Launched 8 Business Segments Comprehensive Financial Services Solutions Enabling Small Medium Banks： Improve Management Capabilities Market Competitiveness Financial Services Platform Financial Services Platform Tech Capability Tech Capability Operate interconnected branch services exceeding 35000 locations with payment settlement amount 2.5 trillion yuan* December 2015: CIB FinTech Established Financial Industry Cloud Business Joint Venture with 3 public companies specialized in: 1) Banking IT 2) Non-bank Financial Services IT 3) Payment Settlement March 2016: CFT Cloud Launched Provide Suite of Services: IaaS, PaaS, SaaS, BaaS To Member banks and other Financial Services Institutions across China Technology Delivery Payment Settlement Wealth Management Financing Services Organization Structure Optimization Operating Capital Forex Management Staff Training Shareholders *400 billion dollars
- 7. CIB FinTech: Business Impact Today 1 3 311 43600 Bank to Bank Interconnected Branch Network Services Member Banks Leveraging Technology Capability in CFTCloud Internet Data Centers across Multi Geographical Regions Cloud Services Market Share for Banking, Finance Industries “It is a leader in banking industry cloud services and has been, under CIB for many years, providing financial industry cloud services, managed hosting infrastructure and application services, banking-industry-based business process outsourcing, and consulting services in China.” ——《Market Guide for Cloud Infrastructure as a Service, China》, Published: 25 January 2017, Gartner
- 8. CIB FinTech: Solution Highlights To Promote Deep Convergence: Banking, Finance Industry Business Models with Internet Technologies Phase 1 Deliverables: 1.Internet Financial Services Production Cloud 2.Development and Test Cloud Flexible Metering Capability Catering to Complex Scenarios Provide Secure Access, Audit, Management Capability Catering to Complex Organization Structure Bare Metal Resource Management, Ability to Provision and Manage Hybrid Model - Physical and Virtualized Resources Centralized Monitoring and Management Platform 1 2 3 4
- 9. CIB FinTech: Technology Roadmap Phase 2: Ongoing 9 Months*, x000+ Hosts Phase 1: Delivered 6 Months, x00+ Hosts User Experience - Continuous Improvement: Navigation, Statistics Reports, Auto-Scaling, F5 Integration ITSM Systems Integration: Servicing Internal Private Cloud Resource Pools Public Cloud Integration Container as a Service: Orchestration and Cluster Management Cloud as a Service: Dedicated Physical Infrastructure Enhanced SLAs Database as a Service Application Services Market Place Backup Services Enhancements, Business Continuity and Disaster Recovery Established Common Architecture Frameworks and Reusable Building Blocks/Components Co-Innovation Activities: Component Development, Operations Management, Knowledge Transfer Plan and Design Solution Architecture Taking into Account Future OpenStack Upgrade Considerations *Projected
- 10. Summary Enormous Amount of Business and Intellectual Property Involved Banking and Finance Service Provider FinTech Industry Cloud Provider Evolution Partnership between CIB FinTech and EasyStack: Co-Innovation* Instrument (Automate) Everything Build and Consume Services via APIs Continuous Integration, Continuous Deployment Orchestrate and Manage with Single Pane of Glass Old-School Traditional Proprietary Convenience Sophisticated Ecosystem AP *Co-innovation, or “coupled open innovation” in Chesbrough and Bogers’ terms, “involves two (or more) partners that purposively manage mutual knowledge flows across their organizational boundaries through joint invention and commercialization activities.” Data
- 11. Thank you For more information, kindly contact: Adrian Koh Director, Global Business Development Mobile Singapore: +65 8290 0954 Mobile China: +86 177 1738 5701 Email: adrian.koh@easystack.io LinkedIn: https://www.linkedin.com/in/adrian-koh-66b606/