Accelerating the Value of Cloud Adoption for Financial Services
Over the past few years, cloud has emerged as the future of the banking industry. The adoption of cloud technology has enabled banks to significantly increase agility, enhance customer experience, and achieve higher cost savings. North America, especially, has capitalized, leading all regions with 100% of banks already starting their migration in one way or another.
Despite cloud’s flexibility across functions and increasingly accessible nature, Accenture’s Banking Cloud Altimeter reports that only around 12% of workloads across banks in North America had been migrated by Spring of 2021. The fruits of cloud adoption in banking are ripe for the picking, but organizations are in great need of a boost in their migration.
- How has the emergence of cloud technology transformed banking in recent years? What are some lessons learned from this transformation?
- What can banks focus on and prioritize right now to enable an accelerated cloud adoption journey and maximize ROI?
- What does the future of banking look like? Where is cloud technology heading next for the banking industry?
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