Financial services firms are increasingly turning to the cloud to build resilience and agility into their core business infrastructure. This trend has been accelerated by the upheavals of 2020, which are calling for banks to fast forward their digital transformation efforts in order to maintain business continuity through uncertain times. In this report, we conducted a Proof of Concept (PoC) for deploying Temenos Transact, our flagship core banking application on Google Cloud Anthos to explore how the solution can support bursting and failover use cases as part of a bank’s business continuity plan. The key considerations for hybrid cloud and multi-cloud deployment models include maintaining control over sensitive workloads and data, and the ability to move to the cloud at one's own pace. Temenos and Google Cloud support hybrid and multi-cloud deployments, and the PoC showed that Temenos Transact can be set up on Anthos for bursting and failover use cases.
