Skip to main content Skip to footer

The cloud imperative for the banking industry

September 29, 2020

3-MINUTE READ

In brief

Banking models under pressure for radical change

LET’S TALK

Accenture is a leading partner to the world’s major cloud providers. Our cloud experts are here to help.

Arguing the case for cloud in banking

60%

of our top 20 banking clients have a multi-cloud strategy

15%

are committed to a single-provider strategy

Multi-cloud fits the bill for banks

Best-of-breed service

Ability to use the right solution for every need.

Autonomy & agility

Freedom for each business and IT unit to use the platform of its choice.

Regulatory compliance

Selection of cloud providers on the basis of banks’ data-residency requirements.

Cost reduction

Ability to leverage the most cost-effective provider at any given time.

Separating the best from the rest

10-20%

cut in operational costs

30-50%

shorter time to market

40-50%

quicker provisioning speed

Accenture is investing $3 billion over the next three years to enable our clients to rapidly become CLOUD FIRST businesses.

About the Authors

Alan McIntyre

Senior Industry Director – Banking


Andrew Starrs

GROUP TECHNOLOGY LEAD – BANKING


KAMRAN IKRAM

Managing Director – Technology Strategy & Advisory


BRENT SMOLINSKI

Managing Director – Head of Cloud and Innovation


RAJEEV NAIR

Managing Director – Accenture Technology, Financial Services