The need for speed, agility, resiliency, and product innovation continues to push Banking and Financial Services (BFS) firms to adopt cloud solutions. Cloud-based transformation has proven its centrality to sustainable enterprise operations, resilient business innovation, and improved competitive advantage for BFS enterprises. Financial services firms are increasingly looking to maximize the value of their investments as they migrate complex workloads to the cloud.
While many BFS enterprises have undertaken some form of modernization initiatives, their approach has been cautious and slow. Enterprises have encountered major roadblocks in realizing value from their cloud investments and are unable to speed up their transformation journeys due to the impact on costs, security, and latency. Enterprises also need to consider their overall maturity, roadmap, and approach to transformation to realize value from their cloud investments.
In this report, we explore effective practices in cloud transformation to maximize value, efficiency, and growth. We outline an approach to avoid common pitfalls, dispel myths around transformation, and provide actionable insights for BFS firms to maximize and accelerate business value realization from their cloud initiatives. We go beyond the why of cloud transformation, establishing the cloud as a foundational element for business transformation and digital technology adoption.
Scope
Industry: BFS
Geography: North America, Europe, Latin America, APAC
Contents
In this report, we study:
- The role of cloud in enabling embedded finance
- The business value equation of cloud in BFS
- Steps that BFS firms should take to maximize value realization from their cloud initiatives
- How BFS firms can proactively address challenges that slow business value realization from the cloud
Membership(s)
Banking and Financial Services Information Technology
Sourcing and Vendor Management
