Financial Services - Reimagining life without the Mainframe
Move on from the mainframe in a low risk way while cutting costs and removing dependency from increasing COBOL skills shortage.
It’s possible with Fujitsu PROGRESSION
Building, connecting and maintaining different technologies around inherited, traditional IT has been driven by a strategy to rapidly create customer value, comply with regulations, address fraud prevention and optimize the operation. Financial Services organizations have built complex and costly spider’s webs of various financial technologies which although flexible and responsive to vibrations, prove costly, fragile, and overly complex to operate and grow.
As current COBOL staff retire, it becomes increasingly difficult to access resources with the necessary skills. New developers are not interested in learning COBOL, leading to a shortage of developers in the market. Moreover, making changes to applications and/or extracting the data to build reports is very complex, expensive and time consuming. This is why Financial Services companies are recognizing that relying on outdated mainframe infrastructure and COBOL is not sustainable and the need to modernize legacy applications is now crucial.
At Fujitsu, we’ve developed a highly automated solution to modernize legacy applications on-premise or in the Cloud.
Releasing the shackles of the Mainframe legacy for Financial Services
The Financial Services industry more than ever needs to adopt new operating models. The Cloud increasingly offers solutions, but for heritage firms, technical and commercial constraints in application modernization, in particular Mainframe applications, make adoption of Cloud difficult. Fujitsu and AWS offer a commercial and technical solution, which finally makes this last and material stage of Cloud adoption not only possible, but also sensible.
Check out this white paper to learn more
Coffee clip: PROGRESSION from FUJITSU
You know that one day the mainframe will have to go so, why delay the decision? PROGRESSION from Fujitsu is the answer to moving on from the mainframe and converting COBOL to modern languages with low risk.
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Coffee clip: PROGRESSION for COBOL on to Cloud
Our customers' COBOL apps are aging and the skills needed to support them are getting even more scarce. Modernization looks to be full of risks but the Fujitsu PROGRESSION approach helps migrate to modern platforms quickly, easily, and safely.
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Fujitsu Blog: Is it time for financial service organisations to reimagine life without the mainframe?
For the last few decades, the mainframe has been critical to the financial services sector. And while the technology has served the industry well, it simply wasn’t geared for the increasingly data driven world we live in today.
Read our blog
Why choose Fujitsu as your application modernization technology partner?
At Fujitsu, we have the people, tools and proven experience to successfully transform business-critical systems and help customers to move on from the mainframe. Our technology tool suite is 100% Fujitsu owned, which reduces the complexity and cost of modernization. Working with us means no dealing with third parties or paying additional licensing fees.
We have spent over 15 years refining our modernization methodology, and with over 100 successful projects we have a proven track record of accelerating transformation and delivering seamless mainframe modernization. We understand that modernization is not just about transforming the code, it’s about the entire environment and processes.
With Fujitsu PROGRESSION we offer:
- An automated solution to migrate your mainframe applications to a modern platform
- No run time fees; you own the converted code
- Minimal client involvement required
- Management of the crossover period to mitigate the risk of migration
Minnesota Department of Education
With support costs mounting and a shortage of COBOL programmers, Minnesota Department of Education (MDE), in partnership with Minnesota IT Services (MNIT), recognized it could no longer delay its mainframe modernization project. Working alongside Fujitsu, using Fujitsu’s proprietary PROGRESSION tool suite, MDE has successfully brought its 40-year-old, mission-critical school finance system into the modern age. The result is lower costs, reduced risk and greater flexibility.
Virginia Department of Human Resource Management
Virginia Department of Human Resource Management (DHRM) is responsible for processing and managing personnel, compensation and health benefits data for more than 100,000 active and separated state employees. To meet the operating needs of the department and of state agencies, DHRM had developed a Human Resource system. This legacy system had been modified over the years and presented many unacceptable business and technical risks and challenges.
Fujitsu and Amazon Web Services (AWS)
Fujitsu and Microsoft Azure
Application Modernization - Fujitsu PROGRESSION
Application modernization has always been a high priority for Financial Services companies to meet the increased demand for improved customer services.
Read more on PROGRESSION from Fujitsu