Report on cloud transformation in banking: The 2020 state of play
Does 2020 mean clear skies for banks undergoing cloud changes?
FinTech Futures has launched its latest report on cloud transformation in the financial services industry.
As we enter a decade of innovation and change, financial institutions are facing a myriad of challenges in the form of shifting customer expectations, emerging technologies and alternative business models.
Perhaps its best solution is to look to a form of technology that was making disruptive waves in the sector more than a decade ago: cloud computing.
Cloud has plenty to offer banks, this we know and have been told by countless studies and think pieces. But what does a cloud transformation look like in 2020? What are the unique challenges that financial institutions face when trying to adapt to a technology that evolves so rapidly?
In this report, featuring expert input from NIIT Technologies, Scotiabank, and IBM, FinTech Futures investigates how a new year and a new decade have impacted the drive towards a cloud-based future for banking.
The analysis provides answers to the following questions:
- Why do we still talk about cloud?
- What is a 2020 cloud transformation?
- What do customers expect in a new decade?
- Is a hybrid approach still the best model?
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