Starter for 10: Meet Jonna Iljin, Nordcloud’s Head of Design
When people start working with Nordcloud, they generally comment on 2 things. First, how friendly and knowledgeable everyone is. Second,...
GFT, the global IT consultancy for the financial services industry revealed in July the results of their global study into cloud adoption across the capital markets functions of over 32 tier 1 and tier 2 investment banks.
Find out more about this study here
Read more on why the Financial Services Industry needs to rethink its IT by embracing the cloud in our recent blog here.
According to a recent study by PwC, the emergence of open banking requires financial institutions to think differently about how they will deliver value to their customers. Open banking is going to transform the way we pay for goods and services and manage our finances.
Currently, banks are burdened by a product-centered thinking legacy.
What are the challenges open banking poses for traditional banks?
Open banking revolution will create new partnerships or create joint ventures between banks, fintechs or hyper-scale cloud providers and enablers like Nordcloud to be relevant in the future. In the long term, banks will need to find a new place in the disrupting industry.
Download the PwC survey here
According to Barclays, the project is part of a wider push by the banking giant to increase its ability to respond to the ever-changing financial services landscape.
“With cloud technology, you can scale from zero and get to market very quickly; and get an idea to market in weeks, if not days” said Nick Funnell, development practice lead in Barclays’ chief technology officer application hosting division.
Read the full article in ComputerWeekly
Download our free white paper Compliance in the cloud: How to embrace the cloud with confidence, where we outline some of the many benefits that the cloud can offer, such as:
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