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Report Finastra Cloud Collaboration: The path to innovative and sustainable open finance

Cloud Collaboration: The path to innovative and sustainable open finance

How a managed services model can support banks to achieve their objectives

Financial institutions are complex organizations, often powered by big ideas but saddled with changing markets and business models. Now more than ever, it is imperative that FIs build technologies that will transform their business for the better. Banks are beginning to understand the importance of thinking and acting holistically when it comes to achieving their desired objectives. Managed Services help banks to meet strategic goals by transforming their technology infrastructure, creating agility, and reducing operational risk. Managed services provide a long-term, outcome-based partnership enabling cost-effective consumption of technology rather than ownership, so IT resources can be orientated toward customers and growth.

Report Snap Shot

  • In our study with Greenwich Associates, we’re seeing an increase in banks looking to transition to cloud, with over 40% of firms planning to increase their use of platformbased solutions over the next 3-5 years.

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