As Treasury plans to take a number of steps to assist financial institutions in reducing risk from the operational disruption of cloud services, banks can do a lot on their own.
Browsing: Cloud migration
Treasury plans to convene an interagency cloud services steering committee to develop closer cooperation among U.S. regulators and develop best practices for cloud adoption frameworks.
Cloud migration was a big deal for banks before COVID, but it kicked into a higher gear than ever as the pandemic drove virtual banking, digital workflows and remote work across the industry.
Which applications can be moved safely as they are, which ones should be modernized before they are moved and which ones should not be moved at all?
By understanding the common aspects of cloud migration, banks can create a plan for adopting and deploying the most effective cloud solutions that maximize benefits while minimizing risks.
Effective cybersecurity practice means new focuses and a new culture for a digital age.
Seven in 10 bank IT executives said they see incorporating cloud technology into products as a key way to help them achieve their business priorities, according to a recent survey released by banking software company Temenos.
Banks of all sizes are hearing from many customers that they want exposure to the fast-growing but volatile cryptocurrency market. Vast Bank recently became the first nationally chartered, FDIC-insured bank to offer crypto banking.
The cloud helped banks respond to the pandemic, but it can do even more.
Worldwide, most financial services companies are using some form of cloud technology, with 83% reporting they are using the technology as part of their computer infrastructure, according to a new Harris Poll released by Google Cloud.