A need for hybrid and multicloud strategies for financial services The financial services industry is a dynamic space that is constantly testing and pushing novel use cases of information technology. Many of its members must balance immense demands—from the pressures to unlock continuous innovation in a landscape with cloud-native entrants, to responding to unexpected surges in demand and extend services to new regions—all while managing risk and combatting financial crime.
Hybrid and multicloud are great alternatives for strictly on-premises strategies due to cloud benefits around service security, availability, resiliency, data protection and data portability.
A hybrid strategy provides a bridge that connects on-premises data to new cloud-based capabilities across AI and advanced analytics, allowing customers to modernize their services and unlock innovation.
Source: Hybrid and multicloud strategies for financial services organizations