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:

• 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