With the advent of technology, the banking sector is undergoing a significant change in terms of enhancing its business processes and expanding its global presence. The increasing costs of deploying and maintaining complex in-house legacy systems is forcing many financial institutions to demand innovative, flexible, and costeffective deployment models for their banking solutions.
Financial institutes are steadily entering the cloud to run core applications. Technology has changed the actual software delivery model along with the agility and speed to deploy new softwares. However, the security concerns of a bank, in particular, weigh heavier than any other corporation as banks are the keepers of a country's most sensitive financial data. The industry as a whole has begun to understand that parts of their business such as their respective websites and third party transactions are already in the cloud. The need of the hour is a secure cloud option which will allow them to extract the advantages surrounding cost and flexibility, as opposed to negating the idea of cloud completely and wisely choosing the right cyber security solution.
In order to simplify and assist CIOs identify the right Cloud Banking solutions; Banking CIO Outlook presents “10 Most Promising Cloud Banking Solution Providers 2015.” A distinguished panel comprising CEOs, CIOs, VCs, analysts, and the Banking CIO Outlook editorial board has selected the top Banking Cloud Solution Providers. In our selection process, we looked at the vendor’s capability to fulfill the need for cost-effective and flexible solutions that add value to the Cloud Banking landscape.