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Why financial institutions are modernising on cloud

For financial institutions (FIs) leveraging the cloud, the earliest adoption was often the high-performance computing grid to support complex modelling. Gone were the days when limited capacity of on-premises grids meant that quants or actuaries had to wait for the compute resources they needed to run their models: across workloads, the cloud allows FIs to immediately scale up compute resources at peak times and scale down when demand dipped, paying only for what they use.

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Your guide to Migrating to the Cloud

For financial institutions (FIs) leveraging the cloud, the earliest adoption was often the high-performance computing grid to support complex modelling. Gone were the days when limited capacity of on-premises grids meant that quants or actuaries had to wait for the compute resources they needed to run their models: across workloads, the cloud allows FIs to immediately scale up compute resources at peak times and scale down when demand dipped, paying only for what they use.

The cloud has been a catalyst for accelerated development in capital markets. Firms are now using the cloud to become more agile and to increase the pace of innovation delivered to end users.

In this age of the customer when banks are leveraging the cloud to reduce costs, innovate faster, minimise risks and digitise mission-critical services, it’s become clear that technology drives change at a ground-breaking rate.

The cloud has been a catalyst for accelerated development in capital markets. Firms are now using the cloud to become more agile and to increase the pace of innovation delivered to end users. Technology must work in parallel with regulation in order to move towards a future where innovation can facilitate, but like any new technology, companies need time to understand, adopt and implement. Only when mastered can cloud computing achieve efficiencies such as reducing time to market with high quality and security. This report explores how market participants are stepping up their game to adapt their platforms to ensure they comply with regulation and offer end users, including traders, risk managers and back office teams, a richer experience. Download here to find out more.  

 In this age of the customer, banks are leveraging the cloud to reduce costs, innovate faster, minimise risks and digitise mission-critical services. Cloud technology is a transformative power for digital banking and represents a fundamental shift in business models, making it easier to run, operate and scale in line with demand and paying only for the computing power consumed. This report details how cloud-native solutions can deliver a market bullseye for target customer groups while reducing the total cost of ownership, improving security and meeting compliance obligations. Download here to find out more.

Market data is the lifeblood of financial institutions (FIs) with banks, brokers, wealth managers, asset managers and hedge funds relying on quality pricing and trade-related data to power their business applications. Developers are demanding easier access to this data for app development, data usage is increasing, C-level executives are calling for enterprise-wide modernisation and slashing costs, and vendors and regulators are issuing complex auditing requirements. The cloud may provide the FIs with much needed relief. This report discusses how some FIs are starting to move away from the traditional methods of on-premise storage and distribution of market data and migrating data storage away from their legacy data centre, moving their market data to the cloud. To find out more; download the report.

 The cloud has accelerated the delivery of open banking standards, transforming the industry into a transparent sector with potential to scale exponentially. Traditional banks and fintech players would benefit from structured collaboration, facilitated by API standardisation and later, shared customer data insights. We are witnessing digital marketplaces emerging that are creating exciting new channels for consumers, spurred on by government regulations and enabled by new technologies. These nimble marketplaces are not unlike brick and mortar ‘pop-up’ retailers and appeal to today’s customers through engaging, highly-personalised products and services. This report addresses how can banks think beyond compliance to address the customers’ growing demands, how the next evolution of customer loyalty can be defined and how can we, as an industry, can calibrate the business model to drive new acquisition channels as well as quickly enable new partnerships to create value-aligned propositions.

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The Innovation Game: Escaping Legacy with New Technology
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The Innovation Game: Escaping Legacy with New Technology

Banks need to innovate but are held back by layers of legacy technology which inhibits their ability to adapt and evolve. How can they implement change without risking the stable operation of core systems and services? This report provides the answers to this vital question.

Wealth management in the digital age
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Wealth management in the digital age

How can wealth management firms use digital technology and cloud platforms to transform their businesses?

Payments in the cloud
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Payments in the cloud

Legacy architecture could prove a barrier to transitioning to a cloud-based payments environment says Maveric Systems