No one was predicting the pandemic and the effects it would have on industries around the world—but speed took on a whole new meaning as businesses made significant changes to keep up. It’s never been more important to make rapid adjustments. And that’s where the cloud comes in.
Without cloud adoption, what would it take for your FI to add a new mobile experience that lets your customers send money to anyone, any time? Or move more teller transactions to self-service ATMs or ITMs? Or implement new contactless ways of authentication...or any number of rapid changes?
With legacy and proprietary systems, it might look something like this: You and your IT manager meet to decide how many new servers you’ll need, where you’ll buy them, how much you can budget and check to see if you have the IT space for them. Then you’ll need to purchase the servers, have them delivered, then get them installed, configured, tested and deployed. Then you have to duplicate development across all your channels and back-office systems, depending on your setup.
That all takes a lot of time, resources and money. But with the cloud, you can add innovations overnight with fast adoption across your entire enterprise. Just imagine the time you’ll get back. That’s time to focus on other priorities. Time to plan your evolving digital strategy. Time to let all of your customers know you have the services that they want—plus the innovation to back it up.