19 Jun 19

Getting cloud right

How can banks stay ahead of the curve?

Cloud is no longer a future trend or an emerging technology; it is the present and essential for financial institutions aiming to remain competitive in today's business landscape. This Deloitte report offers an independent view on the key opportunities and risk management issues, providing a high-level roadmap to cloud transformation and highlighting common pitfalls for banks to avoid.

Discover insights on:

  • How can banks seize opportunities while mitigating risks?
  • How can banks keep up with innovation without making costly mistakes?
  • How can banks not only survive but thrive in the cloud?

The benefits of cloud adoption in banking

The cloud fosters continuous improvement and innovation in banks by allowing experimentation with new technologies without significant upfront investments. Its scalability enables banks to adapt quickly to market changes, optimizing resources, and reducing costs.

Besides operational advantages, the cloud enhances security and compliance by providing robust security measures and ensuring regulatory requirements are met. It also improves disaster recovery and business continuity, maintaining customer trust through uninterrupted service delivery.

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“Using cloud is not just a project: it is a fundamental change in the DNA of a company. To benefit fully from the advantages of the cloud, organizations need a digital transformation that goes well beyond a simple project.”

Deloitte

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