World Cloud report 2023

Is your cloud journey taking you where you need to go?

Is your cloud journey taking you where you need to go? Create business value in an innovation-powered future.

Challenged by macroeconomic volatility and other market dynamics, the financial services industry is struggling to maintain business growth momentum. As a result, many firms are strategically embracing digital transformation, and adoption of cloud-enabled solutions is essential to gaining competitive advantage.

The findings in this inaugural World Cloud Report – Financial Services reflect global survey responses from 500 banking and insurance executives responsible for cloud decision-making and 200 senior executives at FinTech, Insurtech, and technology/cloud companies; 30+ senior cloud experts across the industry also participated in focused interviews. Key results include:

  • Financial services institutions can overcome business challenges and unleash growth through superior customer experience and operational excellence – and the right platform is critical.
  • Composable platforms can help redefine processes, move to the cloud, and integrate cloud-enabled customer-facing applications and core back-end functionalities.
  • A comprehensive cloud migration strategy and roadmap, and the implementation of an effective cloud target operating model, are keys to success.

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  • Henrik Rendahl
    Henrik Rendahl
    ACT Lead, Sweden
    +46 70 913 88 88

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