5 Ways Financial Services Firms Can Boost Their Cloud Outcomes

For most financial services firms, the migration to the cloud is far from done. Four out of five banking executives said they intend to push the share of core workloads migrated to the cloud from 7% to beyond 50% in the next two to five years, according to research from Accenture released in January. Yet the toughest challenges lie ahead as barriers around legacy infrastructure, security and compliance risks, and a lack of updated technical skills continue to hamper firms’ efforts.

While banks, insurers and capital markets players remain committed to moving key workloads and applications to the cloud, the process is complex and requires a coordinated strategy to be successful. To achieve their desired outcomes, these organizations have to first overcome key pain points that are hindering their progress.