Investment banks' reliance on customized, in-house legacy technologies is costing them, in an age where cloud savvy competitors use technology to achieve game-changing Return on Equity (RoE). Accenture research shows that moving to as-a-Service, cloud-based solutions could earn large banks an average of 1 to 2 percent increase on RoE, the equivalent of $1.5 billion.
Given the competitive situation—60 percent of capital markets institutions say that cloud-based entrants will challenge traditional industry models—moving to as-a-service (aaS), cloud-based solutions is a logical route for investment banks to take now, before restless shareholders begin banging the drums.
VIEW THE REPORT [PDF]
Comment submitted
Submitted comment may not display automatically.