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News and resources on cloud strategy, selection, build, migration and operation for banks and fintechs.

Your guide to cloud migration

Financial institutions have the opportunity to enhance traditional governance processes by building a well-structured cloud service assessment from the ground up, to help demonstrate regulatory compliance when moving to the cloud.

The Financial Services industry is one of the most regulated industries in the world. In order to stay competitive, financial insititutions need to push the boundaries of innovation while complying with strict security requirements. AWS understands the security, regulatory, and compliance obligations financial institutions face and has worked with the industry’s most complex organizations to meet their requirements at every stage of their cloud journeys. Download this eBook to learn how AWS can handle your security heavy-lifting, while enabling you to keep full ownership and control. Discover how other financial services customers have scaled and innovated, while maintaining a secure environment in the AWS cloud.

Strategic Insights and Best Practices for Success in the Cloud:  The pace of change in the financial services industry is unprecedented. Regulatory oversight continues to expand with more stringent reporting and security requirements, emerging technologies are disrupting consumer expectations and the ecosystem is constantly evolving as new players enter the market. As a result, financial institutions are redefining their business models to deliver the capacity, agility and technology design they need to attract talent, be competitive and drive growth. From banking and payments to capital markets and insurance, cloud has become the new normal. In this paper, financial institutions, technology providers and consultants share their strategic insights and best practices for success in the cloud. From building a solid foundation to exploring the cutting edge, they discuss industry trends and specific use cases for stages throughout the cloud adoption journey.

An Asset Servicing Use Case: Best Practices for Success on the Cloud

Discussion
Updating management styles: not just technology
Roel Jansen

Roel Jansen

  Hi Melvin, thank you for taking the time to comment on my blog post and for your viewpoint. The switch to customers using neobanks as their primary bank is a gradual process, and one that is gathering momentum as they win trust in the market. Digital banks are expanding their services and are attracting new clients with highly responsive and extended services.  Research that we commissioned recently entitled "The Rise of the Instant Bank" shows that UK banking customers expect an instant bank account set-up but banks are failing to keep up due to paper processes and digital outages. Banks will only remain relevant if they ensure a digital-first strategy in the provision of their services, and harness the benefits of 'Open Banking' to create products and services that are tailored to the end-user.
Updating management styles: not just technology
Melvin Haskins

Melvin Haskins

  You are not the first to take the Accenture report at face value without asking the right questions. Whilst digital banks are expecting to increase their client base, how many of those clients are just opening a deposit account, attracted by better interest rates than those offered by the big financial institutions. How many of the digital bank clients have closed their accounts with the big finiancial institutions and use the digital bank for all of their banking needs? From what I have read many digital only banks are struggling to make a profit and many will not survive in the UK - N26 was a good example.
Antony Jenkins talks People, Planet and Profit
Richard Peers

Richard Peers

  Thanks David appreciate the feedback.  Let us know what else we could be focusing on in this area.  Richard
Antony Jenkins talks People, Planet and Profit
David Gyori

David Gyori

  Great interview, great content. Smart thoughts from Anthony. Very well done!
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Webinar - The Future of Cloud Computing in Capital Markets
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Webinar - The Future of Cloud Computing in Capital Markets

An Asset Servicing Use Case: Best Practices for Success on the Cloud

Webinar - Driving Payments Modernization with the Public Cloud
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Webinar - Driving Payments Modernization with the Public Cloud

Join Finextra with payments experts from ACI Worldwide and Microsoft to explore how banks can leverage the public cloud to modernize consumer payments.