From culture to business to innovation: leveraging cloud to reprogram banks

Register for our webinar with WSO2 to view on-demand, as industry experts discuss how does the highly regulated nature of the banking industry impact its ability to move to the cloud and what strategies could banks adopt in response? Financial institutions of all sizes across the globe recognise the need to transition to cloud-based services. This stems not only from the need to compete with agile neobanks, which reap the benefits of being cloud-native from their inception, but the need to build, launch and scale banking services at speeds that meet the high expectations of digital customers. A significant proportion of banks are also operating on very tight margins, and cloud IT systems offer a compelling resolution for board-mandated cost reduction currently impacting infrastructure and IT personnel budgets. Appetite for cloud migration in financial services is abundant, but has cloud migration become a more fundamental pillar of banks’ overarching digital journeys? What are the differences in approach to cloud migration taken by banks of different sizes? ? What strategies could banks further behind in their cloud journey use to catch up and leapfrog the competition? How have cloud migration trends shifted as a result of the pandemic? Has Covid-19 shown that certain services should be prioritised (or de-prioritised) within cloud migration strategy? How does the highly regulated nature of the banking industry impact its ability to move to the cloud and what strategies could banks adopt in response?