How SBS and Red Hat aim to Modernise Bank Infrastructure
Financial technology provider SBS, which develops software for banks and lenders, has formed a partnership with enterprise open-source firm Red Hat to help financial institutions integrate cloud computing capabilities with their existing infrastructure.
The collaboration centres on deployment of Red Hat OpenShift, a container platform that allows organisations to run applications across different computing environments.
This technology enables banks to adopt cloud computing whilst maintaining their existing on-premise systems that comply with regulatory requirements.
“We're pleased to collaborate with SBS, which is deeply engaged with financial services institutions in the region"
Legacy systems meet cloud computing
Research indicates 90% of financial institutions are pursuing a hybrid approach to cloud adoption, where they maintain existing systems while gradually implementing cloud-based services.
This strategy allows banks to preserve infrastructure investments while modernising their technology stack.
SBS, which serves clients including Santander, Société Générale and Toyota Financial Services, will integrate Red Hat OpenShift into its financial software products.
The platform provides what the industry terms "cloud-native" capabilities - applications built specifically to run in cloud computing environments - while allowing banks to keep sensitive data within their current systems.
The partnership marks a significant shift for SBS, which was previously known as Sopra Banking Software.
The company operates as a top 10 European fintech provider according to technology research firm IDC, and maintains a workforce of 3,400 employees across 50 offices globally.
“With Red Hat OpenShift, we're giving our clients the flexibility to leverage a cloud-agnostic strategy with a fully managed application platform"
Transformation through technology
Red Hat, which specialises in Linux operating systems and Kubernetes container management software, will provide the technological foundation for SBS's next generation of banking products. These offerings span core banking, lending, compliance, payments and consumer finance applications.
The collaboration aims to address specific challenges in financial services, where institutions must balance innovation with strict regulatory compliance.
The hybrid cloud approach enabled by OpenShift allows banks to modernise their systems without compromising on security or regulatory requirements.
Eric Bierry, CEO of SBS, says: “With Red Hat OpenShift, we're giving our clients the flexibility to leverage a cloud-agnostic strategy with a fully managed application platform.
“It's a strategic play for institutions that want to benefit from the cloud while still addressing security and compliance requirements for their critical data.”
Global deployment strategy
The partnership aims to deliver localised technical support across SBS's client base in more than 80 markets.
This builds upon an existing relationship between Red Hat and Sopra Steria, SBS's former parent company, which maintains status as a Red Hat Premier Business Partner across several European nations.
For financial institutions, it provides access to cloud computing benefits including increased operational flexibility and improved scalability. The platform enables banks to deploy new services more rapidly while maintaining control over their data infrastructure.
The collaboration reflects broader industry shifts, with Penny Philpot, EMEA Ecosystems Vice President at Red Hat, saying: “We're pleased to collaborate with SBS, which is deeply engaged with financial services institutions in the region, to help address the application development needs of the financial sector."
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