Nordcloud Sharpens Focus on FSI

Post • 3 min read

At Nordcloud, we’re doubling down on FSI. But what does that really mean? And why are we doing it?

Why are we doubling down on FSI?

Cloud is undoubtedly seen as  the #1 lever to driving business modernisation and negating the increasing costs and margin pressure in the financial industry. As a result, we’ve seen so many headlines and shareholder claims offering ambitious ‘cloud-first’ announcements, but three or more years down the line, organisations still struggle to back up their ambitious targets. Many businesses are continuously falling short of the expectations of their board and stakeholders.

While CIOs and CTOs are well aware that the key to success lies in balancing technology shift, organisational change and regulatory requirements, many organisations struggle to manage this balancing act. This lack of maturity and enterprise scalability means the great potential and cloud benefits of modernising critical core systems remaining untouched.

This is our sweet spot. At Nordcloud, we’re working with businesses to master the balance between tech shift, organisational change, and compliance.

Cloud is key, but we know FSI is about so much more than technology

At Nordcloud, we’re often recognised for our cloud technology footprint - when in fact 90% of our engagements have industry-specific backgrounds and compliance requirements, as well as business-driven solutions.

We’ve made a strategic appointment - Kris Soderlund - to lead our FSI practice. Having previously worked for the likes of Atom Bank, Kris specialises in leveraging cloud technology to help financial businesses to innovate and unlock true business value of critical core workloads.

Kris and the team have been engaged with major banks and financial service providers in Europe over the past few years, supporting them in a range of business transformation and modernisation challenges. 

These include core banking transformation, migration to cloud-based workplace solutions, payments modernisation, SEPA SCT Inst introduction, and more recently tackling regulatory challenges in the cloud.

Assembling this industry-focused team is the next stage of supporting our customers in unlocking the true potential of cloud in this sector. So, yes - we can support your cloud journey as you’d expect, but we’re able to help with so much more.

So, what’s to come?

Firstly, we’re doubling down on our capabilities in this area. This includes providing a capability to run anything in production in the cloud, and delivering cost-effective and timely processes to secure the internal and external regulatory approvals needed to do so. Having capabilities ready to go such as this will unleash both cost savings innovation potential for financial businesses.

Are you set up for digital resilience in the cloud?

Our aim is to help businesses finally unlock the full potential of cloud in this sector. As part of this, we’ve developed a cloud-based strategy to achieve business continuity - called the Digital Vault. helping you use cloud to safeguard critical data and keep essential services running during disturbances.

For financial services, basic continuity planning has always been part of keeping up with regulations.

But two factors are driving business continuity up the agenda for FSI right now:

  • The current geopolitical instability in Europe
  • New regulations like DORA and NIS that require businesses to leverage digital technologies like the cloud to keep running in the event of a disruption or emergency

Get started by reading our handy guide. It explains things a little more, and breaks down whether or not you're really resilient to potential risks. Read it here.

CloudCloud

Get in Touch.

Let’s discuss how we can help with your cloud journey. Our experts are standing by to talk about your migration, modernisation, development and skills challenges.

Kris Soderlund
Kris Soderlund LinkedIn
Head of Marketplace