Technology is the bedrock of business across sectors today. For the banking and financial services sector technology is crucial for staying ahead of the competition and most importantly for meeting changing customer expectations. Most banks today have begun their digital transformation journeys, though not all have made the same progress. Concerns around security and data privacy remain and some banks are hesitant to make the leap to the public or hybrid or multi-cloud model. But there are now powerful new technologies like Artificial Intelligence and Machine Learning that can transform banking and help organizations move into ecosystem models seamlessly.
Against such a backdrop, what role does the cloud play and how important is it for banks to implement a robust cloud strategy? “Emerging technologies to baseline – should cloud now be the default set up” was the topic for an interesting fireside chat between Alasdair Paterson, Editor in Chief and Founder, FF News, and Lucas Johnston, CEO, Umber at SunTec Confluence 2022.
