Over the last few years, more and more financial services organizations have adopted public cloud services for a unique competitive advantage. That’s why MarketsandMarkets predicts that the financial cloud market will grow at a CAGR of 24.4% to reach $29.47 billion by 2021.
“In the past, banks and financial institutions showed hesitation in adopting cloud-based offerings, citing potential security concerns and risks associated with migrating from on-premises systems,” Martin Häring, the chief marketing officer at Finastra told InformationAge.
