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

Progression beyond open banking to open finance

Madhvi Sonia 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 Sonia 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 Sonia 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

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 Sonia 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 Sonia 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

Long reads