Report on cloud transformation in banking: The 2020 state of play
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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