CHICAGO--(BUSINESS WIRE)--
Northern Trust (Nasdaq: NTRS) was awarded Best Cloud Initiative at the 2017 American Financial Technology Awards for its “Software Defined Infrastructure” initiative, which has resulted in increased developer productivity and speed to market for applications across the client franchise.
The American Financial Technology Awards were presented at a ceremony last night in New York City.
Northern Trust is moving towards software defined data centers and hybrid clouds after pioneering the next generation Private IaaS (Infrastructure as a Service) cloud on converged/hyper-converged infrastructure. The technology initiative included deploying PaaS and CaaS (Platform and Containers as a service) on top of its hyper-converged IaaS primarily designed to increase developer velocity, and uniquely positions Northern Trust to leverage public cloud capabilities while minimizing future lock-in risks. The award was based on several factors including:
- Automated provision, de-provisioning of infrastructure components like compute, network (routing, load balancing,) and storage;
- Two-fold increase in number of servers administered per DevOps resource;
- 40-50 percent reduction in Web infrastructure over the next 12 to 24 months due to increased consolidation with containers;
- Increased developer productivity by 30 percent; increased velocity of production releases;
- Fully automated code deployments to these environments.
“Our investment in software defined infrastructure allows us to realize our vision of a Frictionless Infrastructure,” said Vijay Luthra, head of Technology Infrastructure Services at Northern Trust. “With hundreds of micro-services on the PaaS platform and more than a dozen traditional apps on the CaaS platform, Northern Trust is well on its way to realizing the benefits of these platforms.”
Hosted by Waters magazine and WatersTechnology.com, the American Financial Technology Awards recognize excellence in the deployment and management of financial technology within the asset management and investment banking communities. A panel of senior financial services technology leaders and Waters’ editorial staff determine the award winners.
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has offices in the United States in 19 states and Washington, D.C., and 23 international locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of September 30, 2017, Northern Trust had assets under custody/administration of US$9.7 trillion, and assets under management of US$1.1 trillion. For more than 125 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit northerntrust.com or follow us on Twitter @NorthernTrust.
Northern Trust Corporation, Head Office: 50 South LaSalle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at https://www.northerntrust.com/disclosures.
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