Cloud Driving the Future of Banking and Financial Services
Viewpoint

30 Sep 2021
by Ronak Doshi, Pranati Goswami, Sampada Rahalkar, Kriti Gupta

Banking and Financial Services (BFS) enterprises have accelerated cloud transformation initiatives in an attempt to make their business operations more resilient, scalable, and competitive in light of non-traditional entrants offering financial services. Success in this market is determined by the maturity and degree of the adoption of digital platforms – which are powered by the cloud – to accelerate time-to-market and deliver superior experiences. A cloud-first model helps BFS enterprises achieve agility and scalability and drive automation, while ensuring compliance to industry-specific regulations.

This report describes the best practices and a roadmap for BFS enterprises to adopt the cloud across their technology stacks to drive business success and secure themselves from modern competitors.

Scope:

Industry: banking, capital markets, and financial services

Geography: global

Contents:

This report studies:

  • Business challenges due to evolving BFS industry trends
  • Drivers of cloud adoption
  • Key elements of cloud adoption and the maturity continuum
  • Recommendations for BFS enterprises to drive success using a cloud-first approach

Membership(s)

Banking Information Technology

Sourcing and Vendor Management

 

Page Count: 10