For financial institutions
accurate and secure
has always been critical.
Financial services providers are required to process, store and analyze tremendous volumes of data securely. At the same time, consumers now demand always-online transaction processing, a wide range of services and ubiquitous access, heightened by the growth in digital banking.
To accommodate these demands yet improve profitability, institutions are on the lookout for ways to enhance efficiency while lowering costs. Bank’s spending on IT has been the highest, at twice the average across all industries, therefore reducing costs is critical for these institutions. As more services are available within the cloud infrastructure and implementation time has steadily decreased, financial institutions recognize that the cloud provides distinct advantages:
Immense compute capacity on demand, which is crucial in the capital markets industry where milliseconds can affect
millions in profit
Flexible infrastructure capacity Allocate any amount of resources to any data center in the cloud, leading to increased collaboration, and accessibility of information
Attractive cost model Cloud computing services are billed on-demand, so that the usage-based pricing leads to savings
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