From Financial Services to Finance as a Service - How Cloud will transform banking
Banks are simultaneously conservative and aggressive adopters of emerging technology, which makes them an interesting case study for cloud adoption. This presentation will begin by looking at the types of services produced and consumed in the finance industry, and how these will be transformed by the commoditisation trend that we call cloud computing. Right now the banks are dipping their toes in the public cloud, whilst starting to transform their own infrastructure into private clouds. Clearly there will be barriers to adoption, such as security and compliance. There will also be business imperatives of agility and efficiency that will push these barriers down. The conclusion will present a vision of banking in 2020, reshaped by cloud computing.