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.
Cloud-created opportunities for banking firms
Cloud is a win-win for banks. Firms that take a comprehensive, enterprise-wide approach to cloud strategy can develop a significant competitive advantage over firms that tackle cloud one project at a time.