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Report Finastra Cloud Momentum is Building in Retail Banking: The Digital Agenda Post COVID-19?

Cloud Momentum is Building in Retail Banking: The Digital Agenda Post COVID-19?

For retail banks entering a post COVID- 19 world, the only way is cloud

As the COVID-19 crisis continues to play out, the need for banks to transform digitally using cloud is accelerating by the day. Why? Because cloud is not only disruptive in its own right, but also provides additional key benefits like agility, responsiveness, and accelerated innovation. The world’s most disruptive banks are in the cloud.

Report Snap Shot

  • Most banks are still operating in the traditional way, on-premise. But in recent years, more and more banks have gravitated towards a hybrid model: one where they consume some cloud applications – mainly in areas like CRM, HR and invoice discounting – and connect these back into their on-premise core.

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