How Retail Banks and Other Financial Institutions Can Master the Complexities of the Cloud

The shift toward cloud adoption by financial institutions (FIs) is an essential step for banks looking to stay competitive, agile, and resilient. By embracing multi-cloud and composable banking strategies and harnessing the power of AI and FinTech integrations, banks can leverage cloud technologies to fuel business growth, optimize costs and maintain compliance and security standards.

However, employing cloud technology can be a complex task, even for the most resourceful FIs. By addressing the challenges of cloud adoption, understanding its trends, and focusing on defined use cases, banks can successfully navigate the cloud adoption journey. Doing so will enable banks to transform their operations to deliver superior customer experiences, drive innovation and, ultimately, build competitive advantages. Here’s what banks need to know to truly leverage the benefits of cloud technology.