Cloud Banking in 90 Seconds

How will cloud banking impact the future of financial services?

Cloud banking has rapidly become the new frontier in financial services as clients become more accustomed to easy-to-use, seamless digital services at the touch of a button. Cloud-based services are no longer limited to just music or data storage- banks and financial institutions can now manage banking systems and applications in the cloud to deliver core banking services and financial services online.

In the Middle East and Africa alone, the cloud computing market size is expected to grow from USD 14.2 billion in 2021 to USD 31.4 billion by 2026 and many banks and financial institutions are gaining enough confidence to begin their cloud journey.

Temenos Banking Cloud presents the 7 essential considerations to help with your transition to cloud.

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With many concerned that the transition to cloud banking is a costly, inconvenient process that can’t ensure the protection of users’ data, our Regional Head of Cloud, Lee Allcorn takes on the top 3 cloud banking concerns that financial institutions face every day and gives practical advice on how best to approach them in 90 seconds.

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To get started on your Temenos Banking Cloud journey, email us at [email protected]

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Flying Colors 

Temenos’s Highwater Benchmark puts a fictitious bank through a series of simulations and tests. The results revealed that one single instance of a single platform can support multiple banking businesses, good news for Latin American banks with an eye on BaaS (banking as a service).