What can the cloud do for financial services?

clock • 1 min read

Financial services firms are under pressure to offer seamless, omni-channel experiences - why are so many avoiding putting critical workloads in the cloud?

Nearly every industry acknowledges the need for cloud today, but while some are leaders in the move, others still insist on transitioning at their own pace.

Financial services organisations are under growing pressure to offer digitally-savvy customers frictionless and innovative services, and a growing number rightly recognise the cloud as an enabler of these advances.

Computing research, discussed in a recent websem with Kainos, reveals that 80 per cent of financial services organisations expect their use of cloud computing to increase over the next three years. However, increasingly stringent regulations and security requirements, as well as the perceived risk of migrating core processes to the cloud, has created a degree of hesitancy when it comes to cloud migration.

While a wholesale cloud migration may not be suitable or necessary for all organisations, embracing the benefits of a more cloud-centric approach is key to competing with more agile fintech organisations.

The webinar, supported by original research, examines the obstacles that arise when migrating to the cloud, whether via hybrid or multi-cloud models.

Kainos' Daryl Porter and Simon Wagnitz join Computing editor Tom Allen and tech analyst Ellen Daniel to explore the technical, security and internal skills, and compliance considerations, which may be slowing migration journeys. The panel also asks how significant these hurdles are, and what can be done to remediate them. Finally, they explore the measures that need to be put in place for the cloud to be a facilitator of innovation for organisations in the financial services sector.

Please be aware that this video is sponsored by Kainos and when you watch it, we, Incisive Media, will use the lawful basis of ‘legitimate interests' to pass on your contact details to them. Their use of your data will be governed by their privacy policy.

You may also like
Nvidia to launch a new business unit for custom chip design, report

Chips and Components

Datacentre custom chip market could swell to $10 billion this year and potentially double by 2025

clock 12 February 2024 • 2 min read
Google's $1bn investment in UK datacentre to boost tech landscape


Google emphasises sustainabilty in addition to jobs

clock 19 January 2024 • 3 min read
EU approves €1.2 billion to boost local cloud

Cloud Computing

Aims to develop alternative to Big Three providers

clock 07 December 2023 • 2 min read
Most read

Sign up to our newsletter

The best news, stories, features and photos from the day in one perfectly formed email.

More on Cloud Computing

FinOps: A way to cut cloud costs or 'an argument with your CFO'?

FinOps: A way to cut cloud costs or 'an argument with your CFO'?

Either way, it all comes back to culture

Tom Allen
clock 13 February 2024 • 3 min read
Asian Tech Roundup: AWS goes goes big in Japan

Asian Tech Roundup: AWS goes goes big in Japan

Plus, Chinese gaming soars

Tom Allen
clock 26 January 2024 • 2 min read
Google Cloud abolishes egress fees

Google Cloud abolishes egress fees

Paves the way for cloud exits

clock 14 January 2024 • 2 min read