An online forum for thought leaders to discuss the challenges and opportunities impacting the changing world of banking.

« Social Media in Banking: Hyper Yes, Hype No | Main | Anywhere Anytime Check Deposit »

To 'Cloud' or not to 'Cloud' is no more the question for banks.

Recent research clarifies that the Cloud build-up is poised for growth through 2014, when Cloud services revenue is projected to reach USD 148 billion. Another notable survey states that 46% of CIOs indicate that more than half of their infrastructure will operate in the Cloud by 2015. This mood is prevalent in the banking business as well. 'Cloud' has long since evolved into more than just a buzz word. I believe the power of Cloud is the next big wave of transformation to bring in the flexibility and the ease of technology operations that banks need. The business value is simple - by leveraging infrastructure, services and applications on the Cloud - banks can focus on their core competencies and leave IT, and the challenges of managing it, to the experts.


Today, the case is most compelling for co-operative banks, community banks and credit unions worldwide looking to leverage a robust technology platform. To succeed, these banks must adopt strategies and solutions that enable them to efficiently manage operational challenges while also meeting aggressive growth targets.  A pre-configured, ready-to-deploy core banking solution delivered through a flexible business model that mandates minimal capital outlay will empower these banks to remain competitive, grow and expand business, bring in new capabilities, offer differentiated experience to customers across multiple channels while optimizing resource utilization. And the answer may well lie in the Cloud!

And there's more to it all. Far from being a uni-dimensional ecosystem - it can be enriched with layers for customer insight, advanced security and surround applications as value enhancers. After all, if it's the Cloud, the sky is the limit indeed...


TrackBack

TrackBack URL for this entry:
http://www.infosysblogs.com/apps/mt-tb.cgi/4830

Post a comment

(If you haven't left a comment here before, you may need to be approved by the site owner before your comment will appear. Until then, it won't appear on the entry. Thanks for waiting.)

Please key in the two words you see in the box to validate your identity as an authentic user and reduce spam.