The Cost of Doing Nothing: Why the Time is Right for Strategic Cloud Computing Change in Banking

Banks today have challenges coming at them from every angle. Failure to embrace change today will build lead to existential risks. Cloud computing platforms provide huge advantages to organizations of all kinds from ‘anywhere working’, utility billing, simplified internationalization, and low-cost program testing and access to enormous computing scale. Despite these, the banking and broader FSI sector have taken a slow road to adoption. This white paper acts as a non-technical executive guide to why banking technology transformation is too slow.