Multi-Cloud Trends In The Banking And Finance Sector
Organisations in the banking, insurance, and financial services sectors have been slower than others in moving to the cloud due to concerns over security, data residency, and privacy. For more traditional financial institutions, there is also the not insignificant consideration that their core banking systems are running on decades old on-prem architecture that is just not possible to shift to the public cloud. Nevertheless, adoption of the cloud in banking and finance is happening.