Tag: banking

Service Models

Banking’s mainframe strategies shift as boards push for AI, cloud

April 4, 2024

Via: CIO Dive

Banking CIOs have changed their view of the cloud. Rather than seeking cost savings, executives are turning to cloud for flexibility, scalability and AI capabilities, according to the report. But technical debt is complicating adoption initiatives. “Unfortunately, many of the […]

Cloud Clients

FINOS moves to rationalize financial industry cloud controls

July 28, 2023

Via: CIO Dive

Banking and financial services, initially cautious adopters, have embraced cloud as security and control measures improved and service providers introduced industry-specific solutions. Unifying standards for common services across major cloud platforms should remove additional roadblocks, paving the way for broader […]

Global Cloud

How the cloud helps banking and finance companies tackle core modernization challenges

March 13, 2023

Via: CIO

Two decades of technology-driven transformation has left many financial services firms with significant complexity and technical debt. While banking and finance organizations have aggressively moved workloads and apps to the cloud to meet changing customer needs, some remain hesitant to […]

Cloud Clients

US government weighs in on cloud adoption in banking

February 9, 2023

Via: CIO Dive

Burdened by basements packed with legacy systems and risk averse top-floor executives, banks were initially slow to the cloud. The benefits of migration, demand for digital services and the emergence of industry-specific cloud solutions helped break down resistance, and federal […]

Deployment Models, Public Cloud

Banking has woken up to the public cloud risk. Has telecom?

July 12, 2022

Via: Data Center Knowledge

Last year’s sequence of Big Tech outages offered a glimpse of the Internet apocalypse – a sneak preview of a Mad Max planet where cloud-dependent economies have toppled and the cash in your pocket is only good for wiping your […]

Cloud Clients

Telecom, Banking and Utilities companies most prepared to capitalize on ecosystems growth opportunity

June 26, 2018

Via: Cloud Tweaks

NEW YORK; June 26, 2018 – With only a quarter of business leaders globally very confident they will achieve their 2020 growth targets, and 56 percent concerned that current growth strategies are at high risk of disruption, a new strategic […]

Deployment Models, Public Cloud

Banking on the cloud

March 15, 2017

Via: Network World Cloud Computing

The wave of fintech startups, digital challengers and tech giants presents a threat to the big banks that is unlikely to go away soon. The impact of the financial crisis, scandals in the interbank and foreign exchange markets and continued […]