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In this interview from Red Hat Summit 2026, Todd Millard, vice president of sales of modern private cloud at Options Technology Ltd., joins theCUBE's Rebecca Knight to discuss how financial services firms are navigating the convergence of legacy infrastructure pressure, AI demands and regulatory complexity. Millard explains how the recent Crossvale acquisition combined deep Red Hat and OpenShift containerization expertise with Options' FSI infrastructure managed services, delivering a full-stack offering from bare metal to the application layer. He describes a market in analysis paralysis as CIOs contend simultaneously with VMware repricing, DRAM costs, AI infrastructure demands and cloud repatriation — and argues that OpenShift Virtualization resolves the problem by consolidating containers, VMs and AI onto one platform. Migrating a legacy Java application to OpenShift and Quarkus, he notes, can cut the memory footprint up to 40 times and reduce annual application costs from hundreds of thousands of dollars to as little as $20,000. The conversation also explores how DORA compliance and sovereign AI have become board-level imperatives, with CIOs demanding that business value, data residency and price predictability be solved within a single architecture. Millard offers a pointed analogy: firms frustrated with VMware repricing but tempted to swap in another hypervisor are making the equivalent of leaving Blockbuster only to open an account at Hollywood Video — the answer is moving to containers entirely, not switching incumbents. On cloud repatriation, he pushes back on wholesale narratives, attributing the shift primarily to opaque public cloud billing and data sovereignty requirements. He also highlights the EDB Postgres migration path as a high-ROI workload return, with customers cutting database costs by 60% while re-architecting data for AI consumption. From a factory migration team that operates after hours to avoid business disruption, to a footprint spanning 70 data centers globally, Millard outlines how Options Modern Cloud is building toward recognition as the purpose-built fourth cloud option for financial services — alongside AWS, Azure and GCP. Find more SiliconANGLE news and analysis https://siliconangle.com/ Follow theCUBE's wall-to-wall event coverage https://siliconangle.com/events/ Learn about the latest theCUBE events https://www.thecube.net/ 00:00 - Intro 00:07 - Integrating Legacy Systems: Innovations, Leadership, and Live Insights 02:10 - Navigating IT: Modern Strategies and Challenges 04:52 - Navigating AI Sovereignty and Modernization in Business Ecosystems 07:38 - Analogy: The Shift from Blockbuster to Netflix 10:00 - Navigating Cloud Repatriation: Meeting Customer Needs with Tailored Solutions 12:32 - Charting the Future of Finance: Vision and Reflections #theCUBE #RHSummit #theCUBEresearch #OptionsTechnology #RedHat #OpenShift #FinancialServices

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