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LATEST THINKING


MOVING TO THE CLOUD

A strategy for banking firms in Europe

Cloud technology offers
new approaches to
profitable growth for
European banking firms
that shift their thinking to
focus on technology, rather
than finance, at the core of
their business.

Legacy systems and outmoded operating models place firms at risk of being bypassed by faster, more agile competitors. Firms are encouraged to implement a comprehensive and well-executed cloud strategy to capture the full potential of this business asset. While there is no one-size fits-all strategy, using cloud as the basis for a more fundamental transformation can help banks be more competitive and innovative in our digital age.


This report explains different paths to the cloud and why now is the time to make an aggressive move.


DOWNLOAD MOVING TO THE CLOUD [PDF]

Working on a case by case basis, retail banks have used cloud to rationalize distribution channels and access layers; accelerate product development; reduce core costs; and consolidate services.

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Authors
Liv Sandbaek

Liv Sandbaek

Senior Managing Director, Accenture
Financial Services Technology Advisory

Mail to Liv Sandbaek. This opens a new window. LinkedIn
Christian Tölkes

Christian Tölkes

Managing Director, Accenture
Financial Services Technology Advisory

Mail to Christian Tölkes. This opens a new window. LinkedIn
Cécile André-Leruste

Cécile André-Leruste

Managing Director
Accenture Financial Services

Mail to Cécile André-Leruste. This opens a new window. LinkedIn