Apr 2006
Report Ten: Grid Computing – Adoption in the Financial Sector

In the third 451 Grid Adoption Research Service report, published at the end of 2004, The 451 Group looked specifically at the grid deployments and plans in the financial sector. In that report, 451 analysts found that only a few players in this sector had grid deployments. But such implementations are now becoming far more widespread, and investment banks have become the leading early adopters of grid computing.

This tenth GARS report provides in-depth analysis of the progress of investment banks, and it highlights how their deployments have changed since 2004. The more interesting question, however, is how the banks will evolve their grid strategies throughout 2006 and beyond, and their specific plans for shared infrastructure, service-oriented architecture and utility computing.

This report offers an opportunity to revisit the investment banks analyzed in the earlier report, and to broaden the scope of the research to include retail banks, insurers and stock exchanges. More than 20 users are profiled in depth, along with overviews and tables showing grid deployments at other large financial institutions. The report also analyzes 10 grid vendors and financial ISVs serving this market. Users are compared, and key recommendations and conclusions are provided for both users and vendors.

> Early-adopter case studies: Bank of America, Bank of Montreal, BNP Paribas, Bowne, Citigroup, Genworth, HSBC, JPMorgan Chase, Markit, MassMutual, Nationwide, Royal Bank of Scotland, Societe Generale, TD Bank Financial Group, UBS, Wachovia and WestLB.

> Vendor assessments: Altreia Solutions, ClearCube, DataSynapse, Enigmatec, GigaSpaces, Hewlett-Packard, IBM, Oracle, Platform Computing and Sun Microsystems.

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