Waters Wavelength Podcast: IBM’s Likhit Wagle on modernizing mainframes

IBM’s general manager of global banking and financial markets joins the podcast to talk about the importance of modernizing mainframes. 

Wei-Shen Wong, Asia Editor, and Anthony Malakian, Editor-in-Chief of WatersTechnology, record a weekly podcast touching on the biggest stories in financial technology.

 

To hear the full interview, listen in the player above, or you can click on the download button in the player above.

You can also listen to us on Spotify

This week, we have a return guest on the podcast. Likhit Wagle, general manager of global banking and financial markets at IBM, joins Tony to discuss mainframe modernization and its importance, particularly since it will be a while before banks put a substantial portion of their mission-critical workloads onto the public cloud.  

5:00 –Wagle joins the podcast and details why it’s necessary to consider mainframe modernization efforts.

8:30 – He says banks need to prioritize which applications should be modernized and rationalized.

10:00 – It will take some time before banks put a substantial chunk of particularly mission-critical workloads onto the public cloud.

11:00 – Firms want to be cloud native. Why is it important to modernize mainframes if the end goal is to move away from them? 

15:00 – Wagle says the winning strategy is a hybrid strategy—public, private, on-prem. 

16:30 – Then, he walks through IBM’s latest z15 mainframe, and the new version, which will come out in early 2022. 

18:00 – Where do mainframes fit into the AI and analytics ecosystem that banks and asset managers want to leverage? 

22:30 – Will there be an even split between public cloud, private cloud and mainframe? 

25:00 – Then, they discuss how quantum computing impacts the idea of mainframes, public and private cloud.

28:30 – More banks are preferring buy versus build. Does that software sit on the public cloud? 
 

Contact Info: 

As is the case with everything we do, we'd love to get some feedback from our listeners.

Wei-Shen Wong: + 852 3411 4758;  [email protected]

Anthony Malakian: + 1 646 490 3973; [email protected]


Past 10 episodes:

Episode 234: Vaccine shots and anxiety

Episode 235: Privacy and hybrid remote work

Episode 236: Market data, ESG, and interoperability

Episode 237: Former Standard Chartered CDO details AI in capital markets and regulators’ approach

Episode 238: Trying to get back on track

Episode 239: The ‘E’ in ESG and quarantine woes

Episode 240: Firms can't afford to miss out on digital assets, says SBI Digital Markets

Episode 241: Big Tech and the capital markets

Episode 242: State Street’s COO on acquisition strategy

Episode 243: LSEG’s head of innovation on strategy and deep learning

 

 

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