Since the advent of cloud computing, several banking-related firms have gradually migrated to the cloud. Banks are using cloud services more and more as data production and consumption grow exponentially. They can centralise data storage, offer real-time analytics, and fulfil the need for speed and capacity. This blog is for you if you are also thinking about using cloud services but are unsure how the various deployment & operating models fit into your digitalization strategy. Cloud computing is required in the banking sector Cloud services are on-demand offerings that give users online access to shared resources, programmes, or storage. Instead of using local systems, it lets banking institutions to store and analyse data on distant servers. Although the banking sector has been sluggish to adopt cloud technology because of worries about letting go of their old on-premises applications, regulatory compliance, and data protection issues, this attitude is quickly changing. More and more financial institutions today are realising how technology can both help them achieve their business goals and meet the demands of their clients. The use of the cloud also involves a new form of IT ownership; it’s not just about technology. With this strategy, banks may develop more quickly, […] read more