Cloud - Long Reads, News, Articles & Research: Finextra

Leveraging cloud connectivity

This is an excerpt from Finextra’s report, 'The Future of Digital Banking in the UK 2022'. When digital banks like Monzo and N26 experienced rapid growth with their neo banking propositions, the financial world was turned on its head. They challenged the traditional notion that banks needed rigid, monolithic infrastructures to prosper in the indust...

28 July 2022 /cloud

Cloud-based banking: regulation is the key to cloud migration

Retired Member

Cloud-based banking: regulation is the key to cloud migration

Earlier this year, the Bank of England’s Prudential Regulation Authority (PRA) revealed its intention to impose more stringent regulations on cloud computing giants. The move came after the PRA had expressed concerns over British banks’ dependency on a handful of cloud service providers, with fears that an outage or cyberattack could severely disr...

18 May 2022 /cloud

Why software engineers will never be replaced With NoOps

Rob Zuber CTO at CircleCI

Why software engineers will never be replaced With NoOps

NoOps (no operations) is the concept that an IT environment can be automated and abstracted enough from the underlying infrastructure that there is no requirement for a dedicated team to manage its software in-house. In 2019, global consultancy Deloitte listed NoOps among its tech trends to watch out for, declaring it the “next state in the evolut...

11 May 2022 /cloud

Madhvi Mavadiya Head of Content at Finextra

Do you need cloud?

There is no doubt that cloud offers several benefits for banks – better customer experience, increased security, faster processing, greater scalability, regulatory compliance, and lower costs. However, it is also no secret that the financial industry has been slow to adopt cloud technology because of concerns around sacrificing legacy on-premises a...

10 May 2022 /cloud

Madhvi Mavadiya Head of Content at Finextra

How cloud works

Kicking off the Finextra Financial Cloud Series, we will be stripping back the subject of cloud and answering commonly asked questions. How does the cloud actually work? Vox’s Re/code addressed this question as part of its Too Embarrassed to Ask series, highlighting that the technology industry likes to create and use buzzwords that can be “nebulo...

09 May 2022 /cloud

Cloud, the one stop shop for investment management innovation

Madhvi Mavadiya Head of Content at Finextra

Cloud, the one stop shop for investment management innovation

Cloud providers are capable of operating technology, infrastructure, and data centres at a massive scale, and building new, sophisticated, and scalable applications at an optimum speed. Realisation of this has led to increased innovation in the investment management sector and, in turn, resulted in some of the largest banks, asset managers and hed...

23 March 2022 /cloud

Innovation in Canadian fintech and transforming the banking model

Madhvi Mavadiya Head of Content at Finextra

Innovation in Canadian fintech and transforming the banking model

In 2022, traditional financial institutions are prioritising catering to their tech-savvy customers, huge rounds of investment are driving fintech innovation and the industry is bouncing back from the economic impact of Covid-19. Alongside the success of the fintech industry on a global scale, Canada has fared particularly well because of support ...

11 March 2022 /cloud

Is ‘big cloud’ too big to fail? What cloud concentration risk means for the future of banking

Níamh Curran Senior Reporter at Finextra

Is ‘big cloud’ too big to fail? What cloud concentration risk means for the future of banking

In the financial services industry, banks can no longer operate in the digital world without cloud technology. Adoption of the cloud has many organisations shifting focus from on-premise solutions to cloud models due to its flexibility, reliability and security. The cloud also removes the burden of maintaining and updating systems, allowing banks ...

04 February 2022 /cloud

Reprogramming the Bank – Shifting Gears on Digital Disruption

Paige McNamee Senior Reporter at Finextra

Reprogramming the Bank – Shifting Gears on Digital Disruption

New technology can only be as good as its implementation. Digital platforms can position banks so that they are able to immediately respond to consumer needs. However, financial institutions must approach this ‘digital reprogramming’ in a manner that is consciously designed to proactively exploit technology to its full potential. Developing and d...

24 January 2022 /cloud

How banks can transition to become platform players in the corporate lending market

Madhvi Mavadiya Head of Content at Finextra

How banks can transition to become platform players in the corporate lending market

The future of financial services is open. Today’s market trends have led to the emergence of yet another fintech buzzword: managed services. Managed services can be defined as when a technology service provider hosts and manages applications, removing the burden from the bank, opening up flexibility around software and prioritising digital transfo...

06 December 2021 /cloud

Utilising Banking-as-a-Service for personalised propositions

Madhvi Mavadiya Head of Content at Finextra

Utilising Banking-as-a-Service for personalised propositions

With the shift away from one-size-fits-all, product-centric models to transparent customer-centric alternatives, the necessity of accommodating unmet needs will become central to competitiveness. Research by Deloitte found that customer centric companies were 60% more profitable compared to companies that were not focused on the customer. Further,...

19 November 2021 /cloud

Why on-premises core systems no longer meet needs

Madhvi Mavadiya Head of Content at Finextra

Why on-premises core systems no longer meet needs

According to Allied Market Research, the open banking market is growing at 24.4%, reaching $43.15 billion by 2026, accelerating as a result of the Covid-19 pandemic, but part of an inevitable control shift in the financial sector. As the industry grows into open finance, financial services is beginning to fundamentally redefine customer interacti...

09 November 2021 /cloud

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