Published: 18 April 2023
Cloud service providers are starting to offer platforms developed specifically for banks, but approaches and focuses vary, and banking CIOs want clearer value propositions. This research gives industry cloud provider product leaders insight into what bank CIOs want in an industry cloud solution.
Cloud services do not conform to higher standards of compliance or don’t have sufficient reporting to satisfy the shifting regulatory requirements, challenging banks in their move to the cloud.
Banks are adopting cloud in all areas of their distributed architectures, but few providers offer a “whole product” approach. Industry clouds will create ecosystems more tailored to banks, and technology providers will find that specialization and diligence will lead to some more implicit trust, leading to co-innovation and partnerships.
Banks are beginning to compare banking cloud solutions along common business drivers, selecting the solutions that best align to strategic priorities, and
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