Aikarva

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.

Key Drivers

Scalability & Cost Efficiency

Cloud infrastructure offers elastic scaling and pay-as-you-go models, allowing banks to reduce capital expenditure and align operational costs with demand.

Regulatory Alignment

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.

Agility & Innovation

Cloud enables faster deployment of services, open banking APIs, and seamless integration with fintech ecosystems.

Disaster Recovery & Uptimey

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.