Every day we’re seeing more and more banks across the world take a strategic decision to migrate to cloud services. But if we ask them what barriers they anticipate along the way, compliance with regulations almost always comes top of the list.
It’s an important consideration, but the reality is that banks’ operating environment and clients are now moving faster than they can possibly keep up with using on-premise infrastructures.
– Whatever the concerns, core banking is moving to the cloud over the next few years
– Regulators in Europe and elsewhere have now removed the “barriers” to banks putting core services into the cloud – but the industry hasn’t yet fully recognized this shift
– Leading banks are already making strong headway into the cloud, and the laggards are starting to be left behind.
Finastra is building an open platform that accelerates collaboration and innovation in financial services, creating better experiences for people, businesses and communities. Supported by the broadest and deepest portfolio of financial services software, Finastra delivers this vitally important technology to financial institutions of all sizes across the globe, including 90 of the world’s top 100 banks. Our open architecture approach brings together a number of partners and innovators. Together we are leading the way in which applications are written, deployed and consumed in financial services to evolve with the changing needs of customers. Learn more at finastra.com