Ask the Expert: Financial Services in the Cloud

Presented by

Paul Taylor, CEO and Alexa Fernandez, Client Relationship Manager, Thought Machine

About this talk

Financial institutions and regulators are finally getting comfortable with operating in the cloud - but what does that actually mean? Get more insights on financial services in the cloud in this session with Paul Taylor, CEO of Thought Machine. We will discuss how: - Cloud adoption in financial services facilitates the management of data and improves security - The lack of flexibility and speed in banking infrastructure prevents banks from truly being client-centric, making them unable to provide clients customised products and services - The migration from legacy to cloud platforms reduces costs and increases scalability for financial institutions - Banks are responding to digitally-native challenger banks that are born in the cloud - Safe adoption of cloud technology can increase resiliency of the overall system, according to the Bank of England

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