In an evolving marketplace driven by the surging demand for digital services, banks are embracing the public cloud to meet customer needs, boost efficiency, accelerate business growth, and stay competitive. As adoption continues, the perceived benefits are evolving beyond mere cost savings to more strategic issues: the cloud helps banks innovate, scale their services on demand, speed up modernization of digital offerings and reduce reliance on legacy systems.
Yet, for many organizations, moving to the cloud is more challenging than expected. Key hurdles revolve around governance and regulation. There is still an immaturity when it comes to cloud strategy and its alignment with business and broader technology objectives. The governance of risks and core capabilities that enable the operation of digital services on the cloud is at an early stage. Regulatory requirements around third-party risk, outsourcing of services and data residency could also complicate public cloud adoption.
Join our panel of experts as they discuss the key benefits and challenges of public cloud banking in 2023 and beyond. The discussion will address:
• Innovation, scalability and modernization enabled by the public cloud
• Strategic and governance barriers to seamless public cloud adoption
• Navigating regulation and compliance requirements across Europe
• Drivers for future public cloud adoption and potential risks
• Next steps in managing regulatory and cyber risk
