UBS plans to implement key components of Juniper Networks MetaFabric architecture to support the bank’s current and future business goals.
Juniper Networks did not share financial details.
As per the deal, Juniper’s networking architecture will serve as the building block to help virtualize multiple UBS data center environments. Juniper’s solution will deliver a resilient and secure global infrastructure.
In addition, Juniper software will deliver advanced orchestration via automation, management, and data analytics.
Gartner says 68 percent of banking and investment institutions will change their technology and sourcing approach in the next two to three years. Financial institutions must implement a new set of principles to align IT infrastructure with business strategy, requiring an IT architecture and network that can react with speed, agility and at scale to guarantee.