The banking industry has faced a vast number of challenges recently and continues to do so, particularly with increasing regulations, unhappy customers, strengthening competition and decreasing levels of profitability.

So, in a time full of change, it would seem that banks need to keep up with the times! Cloud hosting can certainly help the banking industry do this…

Modern Demands

As more banks begin to transform their product offerings, channels and customer services to reflect modern day demands, banks will need to enable a more competitive, consumer-focused business model that will also need to be more efficient.

This is where cloud computing comes in.

Thanks to its low cost, high scalability, unlimited processing power, agility, storage benefits and speed, banks will certainly be in a beneficial position if they properly implement cloud hosting.

Some key movements in banks’ use of cloud computing have been identified this week, such as cloud …