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Cloud computing gives banks freedom to innovate

March 26, 2019 / Mari Blumenthal

Migration to the cloud will empower banks to focus on their core business and devote their capital and resources to better banking solutions – rather than IT.“The core business of banks is not to run IT. It is to provide efficient financial services to their clients. This is how transformational moving fully into the cloud can be to the banking sector,” says Alan Cole, global head of Cloud Delivery and Operations at Temenos.Temenos is a leading, global banking software company and, working with Microsoft Azure, was the first to put core banking in the cloud.Cole says the global banking sector is becoming more and more open to migrating to the cloud as executives recognise how cloud computing can deliver flexibility and agility to their systems that would be impossible to achieve on their own. Customers expect to have banking at their fingertips and a cloud-based solution provides banks with the agility to achieve that, increasing the speed to market and reducing the cost of bringing ne...