The GFT study found that the way people use their finances and banking systems has changed dramatically, especially when it comes to payments and transfers. 86% of banks have adopted cloud services precisely to take advantage of their virtually unlimited scalability.
In the world of retail banking, solutions such as “buy now, pay later”, open banking or contactless payment systems have revolutionized the way of using services – they have facilitated financial management and increased its efficiency. Mature and recognizable players on the market could not remain indifferent to it, especially in the era of the so-called neobanks that have fewer legacy systems, so it is easier for them to implement new technologies, e.g. using the cloud and artificial intelligence.
Importantly, hybrid and multicloud solutions are becoming more and more popular. Most organizations consider diversifying cloud technologies, and 76% of banks believe that deploying multi-cloud systems from major vendors guarantees greater security, regular updates, new services and innovation.
Bob is a Digital Entrepreneur and keen follower of the Crypto and Blockchain world. He enjoys exploring the latest technology and news related to Fintech world. He is a go-to person with a positive attitude towards life.