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Ask the Expert: Financial Services in the Cloud

July 16, 2019 | Banking
Ask the Expert: Financial Services in the Cloud

Financial institutions and regulators are finally getting comfortable with operating in the cloud - but what does that actually mean? Get more insights on financial services in the cloud in this session with Paul Taylor, CEO of Thought Machine.

We will discuss how:

- Cloud adoption in financial services facilitates the management of data and improves security 

- The lack of flexibility and speed in banking infrastructure prevents banks from truly being client-centric, making them unable to provide clients customised products and services

- The migration from legacy to cloud platforms reduces costs and increases scalability for financial institutions

- Banks are responding to digitally-native challenger banks that are born in the cloud

- Safe adoption of cloud technology can increase resiliency of the overall system, according to the Bank of England

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