/Cloud

News and resources on cloud strategy, selection, build, migration and operation.
The Cloud Series in partnership with AWS

Reporting as a Service: Putting Power Users in the Driving Seat

15 November 2019

Regulatory reports have become too complex to handle, forcing banks to search for alternative and sustainable cloud-based solutions that can reduce the cost of compliance. While many financial institutions outsource their regulatory reporting requirements to third parties, banks are also having to contend with a gap between what service providers deliver and the remaining workload that still remains in house. In order to combat this, banks must empower internal team members referred to as ‘power users’ - those who understand frameworks and can anticipate future changes - to ensure that the regulatory reporting requirements are met. This report outlines four principles of how FIs can reduce the cost of compliance by overcoming the limitations of data warehouses and increasing capacity and agility.

Cutting Edge B2B Payment Trends in 2020

15 November 2019

By 2020, US B2B payments are expected to reach $23.1 trillion according to Deloitte. This is driven by cloud technology, which is accelerating the digital transformation of the payments industry, providing customers with a myriad of convenient payment methods. This shift is occurring because consumers need instant and on-demand access to everything. As incumbent banks have inconsistently delivered in the first instance, fintech firms have entered the market with an intent to disrupt. This report discusses how the cloud is driving and accelerating the transformation of the payments industry.

For financial institutions, customer centricity is now or never

15 November 2019

Evidence suggests that centring operations around customers rather than focusing on products improves user experience and generates revenue. The cloud can help incumbent banks digitise operations that are structured around siloed, on-premises systems, data and processes, and enable them to become customer-centric. This report focuses on how the cloud can help banks communicate with their consumers in a holistic manner.

Putting regulatory reporters in the driving seat with the cloud

15 November 2019

Regulatory reports have become too complex to handle, forcing banks to search for alternative and sustainable cloud-based solutions that can reduce the cost of compliance.

7 ways banks can leverage the cloud to achieve customer centricity

15 November 2019

Evidence suggests that centring operations around customers rather than focusing on products improves user experience and generates revenue. The cloud can help incumbent banks digitise operations that are structured around siloed, on-premises systems, data and processes, and enable them to become customer-centric.

Preparing for 2020: The impact of the cloud on B2B payments

15 November 2019

By 2020, US business to business (B2B) payments are expected to reach $23.1 trillion according to Deloitte. This is driven by cloud technology, which is accelerating the digital transformation of the payments industry, providing customers with a myriad of convenient payment methods.

How does cloud democratise consumers in banking and payments?

15 November 2019

In banking and payments, much is discussed about the end retail customer experience. We often read about B2C or even B2B2C payments, mostly because mobile devices have extended well beyond simple communication.

Optimizing Data Management in the Cloud

18 October 2019

The instantaneous availability of compute power in the cloud is supporting an explosion of data consumption in the financial services industry. In order to manage the vast amount of information in competitive and fragmented markets and derive actionable insights, a new approach to data management is essential. And FIs are increasingly looking to the cloud. For instance, they are aggregating data and making it more readily available for AI and machine learning ML as well as experimenting with new applications and use cases such as trade discovery and surveillance. Additionally, regulations like BSBS239, MiFID II and FRTB are forcing FIs to store, report and interpret deep data points from a number of different systems and of differing levels of trust, standardisation and openness. This TickSmith report analyses how FIs are leveraging cloud to solve their big data conundrum and address the unpredictable nature of data.

A Cost-Effective Solution to New FRTB Computing Requirements

18 October 2019

The financial services industry has long required compute-intensive calculations for risk management, regulatory compliance, product development, pricing, trading, clearing and surveillance. However, the volume and timeliness of these calculations have increased. This is where cloud comes in. FIs are now expanding their on-premises grid computing capabilities and taking advantage of the storage capabilities that the cloud offers, in addition to agile processing, lower costs and greater capacity. This TIBCO report delves into the benefits of running grids at enterprise scale, processing simultaneous multiple workloads and reducing hardware footprints with the cloud.

Power Business Transformation with the Cloud

18 October 2019

The volume of data has exploded. It is becoming increasingly important for FIs to manage and derive value from their data however, harnessing data is not a simple task and an increasing number of organisations are leveraging cloud to unlock new value. The cloud has the potential to evolve workflows, impact product roadmaps and support planning and budgeting, but some FIs are uncertain about which applications to run in the cloud and which to maintain on premises. This report from Collibra discusses the benefits of the cloud as industry confidence in the security of the cloud grows. Fill in the your details to download your copy.

Increasing compute power with the cloud

18 October 2019

The instantaneous availability of compute power in the cloud is supporting an explosion of data consumption in the financial services industry. In order to manage the vast amount of information in competitive and fragmented markets and derive actionable insights, a new approach to data management is essential. And financial institutions (FIs) are increasingly looking to the cloud.

Why are FIs shifting grid computing to the cloud?

18 October 2019

The financial services industry has long required compute-intensive calculations for risk management, regulatory compliance, product development, pricing, trading, clearing and surveillance. However, the volume and timeliness of these calculations have increased.