Banks are moving their core operations into the cloud at a rapid rate. But new tech brings new challenges

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Daphne Leprince-Ringuet

By

Daphne Leprince-Ringuet

| August 13, 2021 — 11:52 GMT (12:52 BST)

| Topic: Cloud

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Cloud computing is seen as a key technology in helping to future-proof the banking industry.   

Image: NurPhoto / Contributor / Getty Images

Banks are increasingly turning to the cloud in an effort to modernize their outdated IT models and better compete for customers’ favors, finds a new report commissioned by Google – even though relying on cloud providers for critical services like finance comes with its fair share of risk. 

The research, which surveyed more than 1,300 leaders from the financial services industry across the globe, found that an overwhelming 83% of respondents said that their companies were deploying cloud technology as part of their primary computing infrastructures.  

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Daphne Leprince-Ringuet

By

Daphne Leprince-Ringuet

| August 13, 2021 — 11:52 GMT (12:52 BST)

| Topic: Cloud