Cloud Computing in Banking – Thematic Research

The cloud can offer quick and agile deployment of cybersecurity. By using cloud managed services, a bank can outsource its cybersecurity management at a lower cost. The outsourcing of infrastructure management allows a bank’s IT team to focus on the development of new products, increasing their productivity and helping to speed up the bank’s digital transformation. The cloud offers unmatched scalability that can be used ad-hoc. Banks can use this to develop products faster and ensure they can access technologies such as big data and AI with ease. The carbon footprint of a bank’s data centers will also be reduced with a move to the cloud.

Scope

Barclays’ use of Salesforce has streamlined mortgage processing.

Capital One uses Amazon Web Services to develop new applications more quickly.

Global cloud infrastructure revenue in banking will reach $11.2bn by 2024, up from $8.3bn in 2019.

Reasons to buy

Identify key industry challenges driving cloud adoption.

Explore cloud implementation options and leading vendor partners.

Understand market size and growth forecasts for cloud computing in banking.

Review case study implementations from leading banks.

Companies mentioned

N26, Monzo, Starling Bank, BBVA, DBS Bank, TD Bank, Bank of America, National Bank of Australia, Capital One, Amazon, Microsoft, Google, IBM, Alibaba, FIS, Temenos, Mambu, Fiserv, Avaloq, Infosys

Table of Contents

Cloud computing value chain

Key players in the cloud computing value chain

Banking challenges

The impact of cloud computing on banking

Case studies

Market size and growth forecasts

Timeline

Players

Leading cloud adopters in banking

Leading cloud vendors

Specialist cloud vendors in banking

Glossary

Appendix: Our thematic research methodology

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