Cloud services are transforming business operations and information technology (IT) in various industries, including the financial sector. Driven by innovation and expanding capabilities, cloud adoption among financial institutions has accelerated in recent years. As institutions navigate an increasingly complex environment of regulatory requirements and strive to meet customer demands, the cloud can provide a reliable, accessible and compliant IT infrastructure while optimizing costs.
Due to the availability of affordable, high-speed network connections and meaningful security enhancements—including controlled network access and the use of artificial intelligence to identify risk—the possibilities awarded by the cloud far exceed those of even a few years ago. With the prevalence of remote workforces, many organizations are favorably viewing the resilient, highly available IT environments provided by cloud technology and prioritizing a migration strategy.
This white paper will provide an overview of the cloud, discuss the benefits of adoption for financial institutions and break down common misconceptions about migrating IT infrastructure to the public cloud.
This white paper is brought to you by CSI