Cloud Adoption in Core Banking
In recent years, cloud adoption in core banking has moved from a strategic discussion to a critical implementation priority. Financial institutions are shifting their legacy infrastructure to cloud-native platforms to unlock flexibility, scalability, and security.
Cloud infrastructure offers elastic scaling and pay-as-you-go models, allowing banks to reduce capital expenditure and align operational costs with demand.
Cloud providers are increasingly compliant with banking regulations (e.g., GDPR, PCI-DSS, ISO 27001), making it easier for banks to meet stringent regulatory requirements.
Cloud enables faster deployment of services, open banking APIs, and seamless integration with fintech ecosystems.
Enhanced business continuity with geo-redundant systems and automated failovers reduces the risk of service interruptions.
Challenges
Data Sovereignty
Ensuring data stays within national or regional boundaries remains a key concern.
Security & Compliance
Cloud-native security requires different controls and shared responsibility models.
Cultural Shift
Moving to the cloud demands an organizational mindset shift and upskilling.
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