“The concern is that problems at a single cloud computing company could potentially disrupt services across multiple financial institutions, per the report. Moving data into the cloud is expected to become more complex as the adoption of AI and computing power increases, requiring banks to notify regulators.” https://www.pymnts.com/news/banking/2024/banks-see-risk-in-dependence-on-big-techs-ai-capabilities/
Tag: Cloud
Core banking on the cloud, the catalyst for innovation, agility and efficiency
“As new technologies open up data streams to and from third parties and emerging startups, banks will be able to offer their customers a range of new products, services and insights that will not only optimise customer experiences, both online and offline, but will create highly personalised, customised relationships. In financial services, Banking-as-a-Service (BaaS) platforms…
Taking Banking To The Cloud: Five Engineering Priorities
“Banking and financial services understand these demands, so it’s no surprise they are increasingly adopting cloud platforms; the global finance cloud market is expected to grow more than 22% annually through 2025. To ensure a swift, seamless transition to cloud platforms, we believe banks must overcome five major challenges. They’ll need to reengineer processes and…
Gartner releases its 2021 emerging tech hype cycle: Here’s what’s in and headed out
– “Artificial intelligence’s impact on generating code, augmenting design and innovation is all 5- to 10-years away. – Composable is going to be a key buzzword for applications and networks. – Industry clouds are just beginning on the hype cycle with a plateau reached in 5- to 10-years. That take is interesting given industry clouds…
The big three innovations transforming cloud security
“Secure Access Service Edge is a term coined by Gartner in 2019, defined as the convergence of multiple network and security-as-a-service capabilities, such as software-defined wide-area networks, secure web gateways, CASB, next-generation firewalls and zero-trust network access. SASE is delivered as a service and enables zero-trust access based on the identity of the device or…