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

Progression beyond open banking to open finance

Madhvi Mavadiya Head of Content at Finextra

Progression beyond open banking to open finance

The financial services industry is already looking beyond open banking to open finance, or what Capgemini referred to as ‘Open X’ in the Capgemini World Retail Banking 2019 report. Customer awareness of open banking remains negligible, and some account servicing payment service providers (ASPSPs) missed multiple deadlines for changes to dedicated ...

29 October 2021 /cloud

Enabling better, faster lending decisions through automation

Alex Cannon Director, Senior Strategist at Moody's Analytics

Enabling better, faster lending decisions through automation

New technology is emerging at a rapid pace in financial services, enabling the reimagining of previously manual processes, streamlining of decisions, and transformation of the way financial institutions interact with their customers. Profitable growth has always depended upon making the right offers to the right customers at the right time; but in...

21 October 2021 /cloud

Core banking on the cloud, the catalyst for innovation, agility and efficiency

Madhvi Mavadiya Head of Content at Finextra

Core banking on the cloud, the catalyst for innovation, agility and efficiency

For financial institutions, business growth and cost reduction continue to be of paramount importance, which are often tied to establishing a cloud focused approach to enable banking agility and efficiency. With many intermediate steps between consumer need and fulfilment in traditional banking, newer players are entering the market with a lower c...

11 October 2021 /cloud

Cloud migration: What is the best and most secure route to take?

Madhvi Mavadiya Head of Content at Finextra

Cloud migration: What is the best and most secure route to take?

Now that the financial services industry acknowledges that cloud migration is crucial to the success of innovative initiatives, industry voices share the view that clarity around the best and most secure route to take needs to be provided. While a phased approach where tests are conducted and security settings are validated is one route to reaping ...

08 October 2021 /cloud

How should banks grapple with regulation when crafting their cloud strategy?

Paige McNamee Senior Reporter at Finextra

How should banks grapple with regulation when crafting their cloud strategy?

Digital transformation is becoming further intertwined with cloud migration across financial services. The flexibility, scalability, security, and resilience that cloud environments offer are far superior and incomparable with their predecessors, and financial institutions across the board recognise this value. They appreciate that to compete with...

06 October 2021 /cloud

Augment, migrate, replace: Routes to cloud-led core modernisation

Madhvi Mavadiya Head of Content at Finextra

Augment, migrate, replace: Routes to cloud-led core modernisation

Now that the banking industry is on a journey to digital metamorphosis, it requires a fresh approach to operations. Threatened by innovative newcomers, financial institutions continue to accelerate their path to streamline technology, employ new digital strategies and decrease the time it takes to bring products to market. By the same token, consu...

13 August 2021 /cloud

The importance of distributing market data in the cloud

Madhvi Mavadiya Head of Content at Finextra

The importance of distributing market data in the cloud

Capital markets firms have long understood how cloud can help establish competitive advantage, increase agility, reduce time to market for new products, and address the growing total cost of ownership for IT infrastructure. However, the financial services industry has reached a point where real-time trading and risk management has become more crit...

22 July 2021 /cloud

Survey: Why tech investment remains vital when resources are pinched

Finextra Research Writer at Finextra

Survey: Why tech investment remains vital when resources are pinched

The proliferation of various payment networks for moving money domestically and internationally means financial organisations must deal with many gateways, messaging standards, processing and settlement rules and regulations. This proliferation has led to fragmentation and duplication of payment systems within organisations. It has also limited re...

03 June 2021 /cloud

The cloud oligopoly, regulation, and the collaboration conundrum in the financial ecosystem

Madhvi Mavadiya Head of Content at Finextra

The cloud oligopoly, regulation, and the collaboration conundrum in the financial ecosystem

Consumers are evolving. They now expect the same agile customer experience from their financial services providers that they are offered elsewhere by other industries. Searching for ways to optimise the digital experience for customers, financial institutions have been leveraging the elasticity, flexibility, and cost-effectiveness of cloud computin...

16 April 2021 /cloud

The European Cloud User Coalition and the pursuit of cloud consistency

Paige McNamee Senior Reporter at Finextra

The European Cloud User Coalition and the pursuit of cloud consistency

The European Cloud User Coalition has been established. What does this mean for banks? Announced in late January 2021, the European Cloud User Coalition (ECUC) was established to promote consistency and enforcement of security standards for cloud use across the EU. A smattering of European players including Allied Irish Bank, BAWAG Group, Belfius...

12 February 2021 /cloud

Cloud native? Cloud ready? Cloud compatible? Cloud born? As an exec, what does this all mean?

Andrew Smith Founding CTO at RTGS & ClearBank

Cloud native? Cloud ready? Cloud compatible? Cloud born? As an exec, what does this all mean?

The financial services industry is slowly catching on to the many benefits of using the Cloud, well at least at a buzzword level. The issue for many technical leaders and executives however in financial services is making sense of the variations in how technology is described when alongside the word Cloud. Within Finextra alone, you can find articl...

20 January 2020 /cloud

What are the benefits of being born in the cloud?

Madhvi Mavadiya Head of Content at Finextra

What are the benefits of being born in the cloud?

An increasing number of challenger banks, neobanks and digital offshoots are being born in the cloud and the technology is now being used by traditional banks and new players alike for all IT needs. Banks that are born in the cloud are at an advantage because legacy players that are in the process of migrating to the cloud are struggling with appl...

03 September 2019 /cloud

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