Cloud technology is redefining the relationship between enterprises and their customers, as it enables a customer-centric experience, unlike traditional methods that stop at customer engagement. However, the financial industry is yet to tap the potential of cloud computing, due to its security limitations and regulatory concerns. As more and more compliance mandates like the PCI DSS and FISMA spring up each passing day to govern the security of data on the cloud, awareness is created in the financial sector and many institutions have already begun moving toward large-scale system upgrades.
Putting quick and ubiquitous information access above everything, cloud banking has evolved to help end consumers and banking departments alike, with several processes that include on-the-go banking, new customer acquisitions, secure transactions, and also backend operations like real-time analytics. The cloud banking paradigm has inspired technology providers to step up to the plate and architect newfangled solutions for banks that utilize the power of cloud computing for storage, scalability, and agility. These solutions when coupled with technologies like open APIs, Artificial Intelligence (AI), and advanced analytics, offer banks an advantage over competitors in the vastly fluctuating market.
In an effort to help banks choose the right cloud solution, a distinguished panel comprising CFOs, CIOs, CEOs, and analysts along with the Banking CIO Outlook editorial board, has reviewed several companies that exhibit a proven record of expertise in assisting enterprises with cloud-based banking solutions. The companies featured in this issue have showcased their flair and extensive knowledge in the banking arena, through their secure and cost-effective cloud solutions that offer greater agility.
We present to you Banking CIO Outlook’s Top 10 Cloud Banking Solution Providers 2017.