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

Madhvi Sonia 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 Sonia 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 Sonia 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

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

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

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