Cloud is not a new technology – but it is still new to financial services sector. You will learn why it is now the right time to start using cloud and what are the typical use cases in financial services. Nevertheless banks and insurance companies are subject to regulation which need to be considered and fulfilled for cloud services – we show how.
The finance industry is littered with best-of-breed assemble IT landscapes. As consequence each institution is well familiar with the troubles of data and process integration while employing various standards, as well as the management of a complex set of required system specific IT skills. Large software corporations have sought for several years to establish an integrated technical platform for the „standard financial institution“ and have so far mostly failed. But recent developments with regards to newer platform approaches, oftentimes linked to cloud based approaches, bring the question of the „plug and play“ bank back into focus. But will it work …