Celent report: Supporting Financial Services Innovation on The Public Cloud

The past 18 months have seen financial institutions get serious about public cloud use. The pandemic has led firms to accelerate their digital financial services initiatives on the business, risk management, and compliance sides. This focus has pushed cloud-based initiatives forward. As financial institutions advance their cloud strategies, they are advised to learn to walk before they run so as not to invite unneeded costs, operational disruption, customer friction, or increased exposure to cyber risk.
As financial institutions become more focused on transforming existing external-facing services to remain competitive, they will need to balance the need to innovate with the risks involved in moving quickly. A clear strategy for ensuring reliable, secure service architectures is key to maintaining this balance.