Banks are increasingly accelerating their IT modernization and digital journeys through more strategic use of the cloud. The cloud provides an agile, scalable, and future-fit technology foundation for adapting to continuous market change, meeting fast-evolving customer expectations, reducing operational costs, and achieving many other strategic business objectives. Overall, it has become a key enabler of business transformation for banks.
However, often the most surprising aspect of cloud adoption is the amount and difficulty of work involved in achieving strong external and internal compliance. Compliance is the process of making sure your bank and its employees adhere to all applicable laws, regulations, standards, internal policies and ethical practices, as you operate within the cloud. It’s often seen as an overhead cost but, if done right, it can be turned into a strategic asset for your cloud journey.
Learn how to build a cloud compliance culture in banking.
