The banking landscape is rapidly changing mainly driven by technological innovation. Financial Institutes have begun implementing internal technological solutions to support the provision of services to their customers and are relying on outsourcing arrangements with external service providers to provide technological solutions.
Cloud computing is perceived as one of the fastest-growing technologies and has been a talking point for CTOs, CIOs, and CFOs for some time now. It has been an enabler of many other disruptive technologies such as big data, IoT, AI, etc. Cloud computing is also a proven solution to many core banking problems, It could open up new opportunities to work with technology providers and to overhaul their customer-facing systems thus taking advantage of the latest developments, using the power of the cloud to develop new solutions more quickly and flexibly than in the past.
FI, cloud service providers, regulators, and policy makers should work together to prioritise activities that clarify ways to meet the objectives of the regulatory system in a public cloud computing context and create a more consistent regulatory framework for the adoption of public cloud computing in banking.
MNT Events has organised an array of highly qualified professionals to share insights on latest developments regarding Cloud Computing in banking and trending issues relating to Digital On-Boarding and security concerns around the adoption of these new technologies.