Multi-Cloud: The New Standard for Banking
(30 June 2020 – Europe) Multi-Cloud has become the new standard for business banking amid the coronavirus pandemic.
Digitalisation and cloud computing were already emerging trends before the lockdown. Now these technological advancements have become essential tools for business banking today.
Banking regulators have also been encouraged to permit multi-cloud technology across mainstream banking operations as one cloud provider can operate in substitute to another if systems were to fail.
“We believe that we are only 20 percent of the way to the hybrid cloud journey. For an industry like financial services, much of the mission-critical regulatory compliant highly secure environments and workloads are going to migrate to cloud” commented IBM Managing Director of Banking and Financial Markets, Shanker Ramamurth
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