AltimaCRM is a flexible solution designed to streamline forex brokers’ operations and execute a wide range of marketing strategies. Its tailored suite of services relies on an innovative technology batch, capable of performing specialised tasks that save brokers time while maximising efficiency.

What Can AltimaCRM Do for Your Brokerage?

Brokers are always looking for ways to optimise their lead conversion processes, operations, and overall flow. AltimaCRM was engineered to help facilitate these demands, helping users achieve any sales strategy via advanced automation. This starts with an intuitive approach to maximise not only efficiency in onboarding but maintaining a robust and secure trading environment.

By deploying the latest innovative technologies as well as Google Cloud Vision Services, this solution can not only accelerate but reconcile any compliance needs. AltimaCRM’s Google Cloud Vision API also represents a powerful tool for brokers, capable of leveraging machine learning to analyse and understand the content of images.

Schedule a Demo Today with AltimaCRM

AltimaCRM employs Google Cloud Vision APIs to streamline and enhance the trader onboarding process. The system integrates image analysis to verify a trader’s identity. Upon submission, the API evaluates the image against predefined criteria. For example, if a trader’s identity score falls below a specified threshold, the account creation is halted.

Should the score surpass a higher threshold however, the account is created but remains disabled. If all the submitted data matches, an account is created in an enabled state, ready to trade at once.

Meet the Industry’s Most Efficient Identify Verification

Of course, every brokerage must adjust its operations for KYC verification, adopting the latest technological solutions that can best achieve these requirements. AltimaCRM utilises an advanced ranking system, ensuring one of the most rigorous approaches to identity verification.

Using this solution, traders can interact with agents to submit additional proof of documents. This includes multiple user states that rely on both automated and manual workflow, providing a safeguard against potentially fraudulent activities as well as a layer of human verification. Once submitted documents are verified, an account is enabled for trading.

This automated verification system helps mitigate any security threats but also significantly reduces the workload for agents by eliminating the need for manual document verification in most cases.

Of note, AltimaCRM can leverage other KYC and data verifications third party providers such as Shufti Pro, Jumio, Onfido, and others. Its API is already one of the industry’s most flexible, eliminating data silos and technology pain points before they even happen.

Leveraging Vision API

Brokers are always looking for the latest leaps in security and technology. AltimaCRM’s API can also provide several essential capabilities, including image labelling, face detection, text recognition, and more. Its Vision API can greatly simplify client management in the most secure manner possible.

Simply submitting an image to the Vision API, undergoes a process known as computer vision, where the API harnesses pre-trained models to recognise and extract information from any image. These models have been trained on vast datasets to accurately identify objects, faces, and text within images.

For image labelling, the API can also identify and describe objects or scenes present in the image. Facial detection can even allow the identification and analysis of faces, providing attributes like emotions and landmarks.

In addition, text recognition extracts and interprets text from images, enabling the conversion of image-based text into machine-readable content. Uses can utilise OCR technology to extract text from documents, thus achieving automated verification of names, addresses, and other key information.

This technology is a vital resource, helping achieve consistency between the provided information and the extracted text.

Conclusion

Brokers must constantly adapt and find new ways to ensure adherence to the latest compliance and KYC requirements. AltimaCRM has proven itself as a household name in the industry and a name that more brokers trust to handle their automation and data verification processes. Explore this all-in-one solution and take your management to the next level with AltimaCRM.

About Intivion Technologies

Intivion Technologies is a leading provider of advanced technology and CRM for forex brokers. As a one-stop technology solutions partner for over 16 years, the company offers an agile tool suite for any brokerage operation via its flagship products AltimaCRM and AltimaIB. Intivion has also designed, developed, and implemented large scale CMS websites, bridging forex CRM systems and MT4 trading platforms.

The post Streamlining KYC and Data Verification with AltimaCRM appeared first on Fintech News.

In this article, we’ll share some of the top pros and cons we’ve identified when working with a direct cloud connection. By taking our advice from our experiences, we hope to help you make more informed decisions regarding your business’s network and cloud computing solutions.

Pros of Having a Direct Cloud Connection

There are many pros of having a direct cloud connection between your organization’s network and your cloud service(s). Here are just three of the top reasons why having a direct cloud connection can be so beneficial.

1. It Can Save You Money

In many cases, having a direct cloud connection can help save you money over time. Many cloud services let you put your data into the cloud for free, but charge high fees for taking any data out of the cloud later on.

Having a direct cloud connection can help you avoid these egress fees, as your connection will bypass the public internet, which is what usually results in these charges. Depending on how much you plan to take out of the cloud over time, this can help you minimize egress charges, which can help you save money.

It can also help you save money by reducing or eliminating data transfer costs. Using the public internet often results in a charge for having to transfer data over the internet. Using a private, dedicated connection eliminates these charges, as you only have to pay for the direct connection itself.

2. It Provides Higher Data Security

Did you know using a direct cloud connection can help keep your data safer than with other data transfer methods? The public internet is highly susceptible to cybersecurity threats such as hacking and viruses, which can result in your sensitive data getting stolen, exposed, or damaged.

Some people may choose to use a virtual private network (VPN) to avoid this issue, but even VPNs aren’t completely foolproof. Direct connections tend to have an added layer of encryption than VPN, making it safer to use.

Having a completely private, direct connection with your cloud is the best way to keep your data safe and secure from prying eyes.

3. It Gives You Better Network Performance

Finally, direct cloud connections give you better network performance in several ways.

Network performance without a direct connection can be extremely poor, especially if your existing network doesn’t have the bandwidth to support the complexities of a growing cloud system.

With a direct connection, you’ll have more reliable and predictable network performance, as it won’t be subject to the congestion you would otherwise experience using the public internet. This means you’ll experience less latency and faster response times, so you don’t have to wait all day for that one file to finally download.

This speed can really help your business, as employees can respond to customers more quickly and efficiently when they have the network support needed to do their jobs well.

Cons of Having a Direct Cloud Connection

Just like anything else, there are some potential cons for having a direct connection with your cloud computing. Here are just a few of the main ones.

1. Higher Initial Costs

While having a direct cloud connection can help you save money on egress fees and data transfer fees in the long run, setting up this connection can cost more up-front. This is usually because setting up a direct connection requires some equipment and infrastructure you may not have from the start.

You may have to purchase network hardware such as routers in addition to your actual computers, and you’ll also have to budget for proper installation and configuration of the cloud connection.

Because of these costs, some smaller businesses may not be able to afford setting up a direct cloud connection from the very start.

2. Increased Maintenance and Management

To use a direct cloud connection properly, you’ll have to maintain and monitor it regularly.

This typically means keeping up with infrastructure needs such as updating software or replacing old equipment that no longer works. It could also mean keeping up with uptime and any technological issues that arise as you and your employees navigate using the cloud.

If you’re not an expert in cloud services, this may mean paying more to your cloud provider to have an expert available to assist at all times, or it could mean hiring an individual with cloud experience privately to manage your cloud and data.

3. Limitations in Some Service Providers

The third con of using a direct cloud connection is the limitations some service providers have.

Because all businesses are completely unique, they all have individual goals that cloud service providers try to meet. For extremely large businesses spread across several locations, scaling this cloud infrastructure could quickly become complex and time-consuming.

Depending on how much you invest in this infrastructure up-front, you may be less able to adapt and scale your network connectivity later on, which can lead to further challenges in your business.

Final Thoughts

Direct cloud connections can offer several advantages, such as potential cost savings, improved data security, and more efficient network performance. By bypassing the public internet, many businesses can avoid those pesky data transfer fees and egress fees, so you can save money in the long run.

While these are certainly some great pros, direct connections also require professionals who are able to manage and monitor the system, which may be hard to come by depending on your budget and location. You’ll also likely have to cough up some serious cash up front, so you can invest in the technology infrastructure you need for a direct connection to happen.

Just like with any other big business decision, you have to weigh the pros and cons before making a choice about your organization’s cloud connection. As long as you consider your business’s personal needs and goals, you can determine which cloud connectivity solution is best for you.

The post Direct Cloud Connection: Pros and Cons appeared first on Fintech News.

Understanding the Importance of a CCoE in Fintech

The unique challenges that fintech companies face in their cloud journeys make the role of a CCoE particularly important. From managing regulatory compliance to ensuring data security and driving innovation, the CCoE plays a central role. It provides leadership, best practices, and supports the transition to the cloud, making it an essential part of any fintech company’s digital transformation strategy.

Assembling the Right Team for Your CCoE

Building a successful CCoE starts with assembling the right team. The team should comprise individuals with a diverse range of skills and experience, who can collectively address the various aspects of cloud transformation. Key roles typically include cloud architects, cloud security experts, operations managers, and change management specialists. Each member brings unique value to the CCoE, contributing their expertise to the collective goal of successful cloud adoption.

Defining Roles within the CCoE

Each role within the CCoE has specific responsibilities that contribute to the overall mission of the centre. For instance, cloud architects are responsible for designing the cloud infrastructure and overseeing its implementation. Cloud security experts ensure that the cloud environment complies with regulatory requirements and is secure from cyber threats. Operations managers oversee the day-to-day running of the cloud environment, while change management specialists help manage the organisational changes that come with cloud adoption. By clearly defining these roles, the CCoE can operate more efficiently and effectively.

Implementing Best Practices for Your CCoE

Implementing best practices is crucial for the success of your CCoE. This includes adopting a strategic approach to cloud adoption, prioritising security and compliance, promoting a culture of continuous learning and innovation, and regularly reviewing and optimising cloud operations. These best practices form the foundation of a successful CCoE and enable it to drive effective and sustainable cloud transformation in the fintech company.

Aligning the CCoE with Business Objectives

Ensuring that the activities of the CCoE align with the business objectives of the fintech company is another critical step. The CCoE should work closely with business leaders to understand the company’s strategic goals and how cloud technology can support these goals. This alignment ensures that the cloud transformation effort delivers tangible business benefits, such as increased operational efficiency, improved customer experience, and enhanced competitive advantage.

In conclusion, building a successful Cloud Centre of Excellence involves assembling the right team, defining roles clearly, implementing best practices, and aligning with business objectives. By following these steps, fintech companies can ensure that their CCoE effectively guides them through their cloud transformation journey, helping them stay competitive and innovative in the ever-evolving digital landscape.

The post Building a Successful CCoE in Your Fintech: A Step-by-Step Guide appeared first on Fintech News.

Should you be interested in rolling out this advanced cybersecurity measure for your personal or business use, it’s a good idea to read about cloud-based antivirus solutions before signing up for one. Check out review sites if you want to see user-submitted answers to questions such as Is TOTALAV good or if you simply want to expand your search for potential cloud-based solutions. This way, you can explore your options and see the ones that are best matched to your needs.

Cloud-Based Antivirus Software: Factors That Shape Its Role in Contemporary Cybersecurity

Cloud-based antivirus solutions proffer a large variety of advantages that all point to their significance in the future of cybersecurity. Among them are the following:

1) Real-Time Updates

One key aspect is the real-time updates and threat intelligence cloud-based antivirus solutions promise. Traditional antivirus programs often rely on periodic updates, leaving systems vulnerable during the in-between periods. In contrast, cloud-based solutions continuously receive updates from a centralized database, ensuring that users are protected against the latest threats.

This dynamic approach to threat management is crucial in an era where cyber threats evolve just as rapidly as consumer and commercial technologies. Real-time updates are thus a clear demonstration that cloud-based antivirus solutions are well-equipped to keep up the pace.

2) Improved Threat Detection and Response

The future of cybersecurity demands advanced threat detection capabilities from solutions, and cloud-based antivirus software stands out in this regard. Leveraging technologies like machine learning and artificial intelligence, a cloud-based solution can analyze massive datasets to identify patterns and anomalies that are indicative of potential threats. The result is a more proactive and accurate approach to threat detection.

Furthermore, the cloud’s computing power enables quicker response times. This allows for immediate action to be taken against emerging cyber threats.

3) Centralized Management and Monitoring

The centralized management and monitoring capabilities of cloud-based antivirus software are pivotal for the future of cybersecurity, particularly in an interconnected digital landscape. Many organizations manage diverse endpoints across networks, and in such a setup, it’s important for them to have the ability to oversee security measures from a centralized platform.

Cloud-based solutions provide administrators with a comprehensive view of the security status across all devices. This facilitates quicker response to potential threats and minimizes the complexities associated with managing security measures individually on each endpoint.

4) Reduced Local Footprint and Resource Usage

The reduced local footprint and resource usage offered by cloud-based antivirus solutions has become increasingly significant as the demand for efficiency and performance in computing continues to rise. Traditional antivirus programs can strain local system resources, leading to performance issues. In comparison, cloud-based solutions offload much of the processing to remote servers, minimizing the impact on individual devices. This enhances the user experience by ensuring smoother system performance, and it also contributes to a more sustainable and resource-efficient cybersecurity approach.

5) Integration with Other Cloud Security Measures

The future of cybersecurity is about creating holistic and integrated defense mechanisms, and contemporary cloud-based antivirus software aligns with this vision. These solutions seamlessly integrate with other cloud-based security measures, forming a cohesive and interconnected network of security infrastructure.

Integration allows for a more comprehensive approach to cybersecurity, in which various tools work together to provide layered protection. From identity and access management to threat intelligence feeds, the ability of a cloud-based antivirus solution to harmonize with other cloud security measures positions it as a key player in the evolving landscape of digital security.

These characteristics collectively indicate that cloud-based antivirus software is not just a trend, but a strategic and effective response to the complex and dynamic nature of modern cyber threats.

Cloud-Based Antivirus Software: Challenges and Concerns

While cloud-based antivirus solutions offer promising advancements, it’s crucial to acknowledge the challenges and concerns associated with their adoption. One primary concern revolves around data privacy. Given that these solutions operate in the cloud, users will need to transmit and store data externally. These same users may worry about the security of their sensitive information and raise questions about the privacy policies and encryption practices employed by service providers.

Another challenge involves the reliance on internet connectivity. Cloud-based solutions require a stable and robust internet connection to function effectively. In scenarios where connectivity is compromised, users may experience disruptions in their antivirus protection, leaving their systems vulnerable during offline periods. This challenge emphasizes the importance of reliable internet infrastructure, especially for users in remote places or areas with limited connectivity.

Any individual or organization exploring cloud-based antivirus solutions should also weigh the risks of using such software to protect the privacy and connectivity needs of users. In the meantime, the cybersecurity community can be relied on to work towards refining cloud-based antivirus technologies. In the near future, these will surely become more resilient, secure, and adaptable to many users’ diverse needs.

The post Are Cloud-Based Antivirus Software the Future of Cybersecurity? appeared first on Fintech News.

The global finance cloud market reached US$ 36.9 billion in 2022. Demand for finance cloud stands at US$ 42 billion in 2023. From 2023 to 2033, the market for finance cloud is expected to grow at an 11.8% CAGR, reaching US$ 128 billion by 2033.

The finance cloud market has grown substantially due to the increasing global emphasis on digital banking transactions. This heightened usage of remote working and digital banking is also expected to drive market growth throughout the forecast period. In addition, most financial institutes have had to abruptly adopt remote working in recent years, which has led to a massive hike in cloud-based infrastructure for economic affairs.

The increase in demand for operational efficiency and transparency in business processes and the need for cloud among financial companies act as a critical driving force of the global finance cloud market. In addition, the demand for cloud solutions among small and medium-sized businesses continues to grow as they present several practical benefits, such as eradicating routine upgrades, cost-cutting, and business flexibility. As a result, these factors notably contribute to the development of the global demand for financial cloud platforms. Nevertheless, situations related to data safety, protection, and more elevated investment and maintenance expenses are restraining the development of the finance cloud market.

Conversely, developing economies present significant opportunities for finance cloud companies to expand and grow their offerings, particularly in developing economies such as India, Japan, China, and South Korea. These countries are on the development threshold and require more significant financial resources. Thus, the demand for cost-effective resolutions is anticipated to provide lucrative prospects for market development. In addition, banks, financial institutions, and other financing firms are rapidly transitioning to digitalized business operations. As a result, the adoption and implementation of cloud technology have improved considerably, which is predicted to create new prospects for the market in the forthcoming years.

Financial cloud computing allows financial institutions to reduce their capital expenses. It occurs by eliminating the requirement for extensive on-premises infrastructure. Instead, businesses can pay for their resources on a monthly basis, making it possible for them to scale their computing capacity cost-effectively. This approach significantly reduces upfront costs and is driving the growth of the financial cloud market.

“With cloud-based development and testing environments, banking, financial services, and insurance institutions can quickly prototype and test ideas, speeding up their time-to-market for new offerings. Cloud-based solutions provide on-demand scalability, enabling financial organizations to manage fluctuations in customer demand and transaction volumes effectively,” opines Sudip Saha, managing director and MD at Future Market Insights (FMI) analyst.

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Link: https://www.analyticsinsight.net/top-5-ways-ai-is-reshaping-the-cloud-industry/

Source: https://www.analyticsinsight.net

The post Top 5 ways AI is reshaping the cloud industry appeared first on Fintech News.

In the area of cryptocurrency, cloud mining motivated many to earn a steady income online from their homes. Cloud mining seems a promising avenue for individuals who want to improve their financial conditions. Anyone can create an extra income source by investing modestly and using an internet connection.

Because the market is filled with several cloud mining platforms, not everyone will offer the desired accessibility and reliability. One platform that stands out from the rest is TopHash. If you want easy access alongside an improved experience, continue reading the post for more valuable insights.

TopHash: An Ultimate Solution for Cryptocurrency Cloud Mining

TopHash is an advanced cloud mining platform and a leading hash rate provider that is increasingly becoming popular. TopHash is more than an ordinary provider of cloud mining. It offers cutting-edge technology along with diversified product packages, making it stand out from the rest.

Behind the success of TopHash cloud mining lies the expertise of professionals. They have profound experience in Bitcoin mining, blockchain technology, data security, etc. TopHash is an intuitive cloud mining platform designed to enable users to make passive income even with small investments.

Besides, TopHash is committed to improving its services while making significant changes that will revolutionize the cryptocurrency cloud mining industry. Furthermore, this cloud mining platform is secure and users don’t have to think about safety measures. They can earn extra money while investing what they can afford.

TopHash aims to provide its users with the ultimate environment that guarantees a seamless experience in every aspect. That way, users can have the best experience when investing in crypto assets. The best part is, that users don’t have to buy expensive hardware or require technical knowledge.

All it takes is a few clicks to get started with cryptocurrency mining. If you have been looking for a reliable cloud mining service that helps you earn extra cash, TopHash is your best bet. It is a trusted service provider that offers the best cloud mining solutions you can find elsewhere.

Benefits of Cryptocurrency Cloud Mining with TopHash

Users expect many things from a reliable cloud mining provider and TopHash is not an exception. So, keeping in mind the expectations of its users, TopHash offers them numerous benefits with crypto cloud mining. Below listed are a few popular ones that you should know.

1. Perfect Solution for Beginners

Cloud mining might seem a complex thing for many people. But TopHash has made things easy for most people, especially those who have ventured out more recently. Their unique program on cloud mining includes packages where users don’t have to spend a fortune.

The Company’s mining program uses the latest software and hardware to get the best outcome from cloud mining. That way, TopHash doesn’t have to purchase them for their needs. So, you don’t need to spend money buying space for certain items or bear the electricity costs.

People are more concerned about the start-up costs because of the sluggish economic condition and unemployment. They need something that helps generate a decent income with minimal investment.

2. You Don’t Need Technical Experience

Gone are those days when you should know how to operate mining equipment. TopHash is dedicated to providing the best user experience, unlike other cloud mining services.

Most programs from TopHash rely on cloud-based technologies. Moreover, the experts ensure they are up and running 24/7. As such, you can focus on crypto mining while leaving the headache to TopHash. Their systems are always online.

3. You Can Mine Different Types of Cryptocurrencies

Through TopHash’s cloud-based platform, you can mine Ethereum, Bitcoin, Litecoin, and many more. You don’t have to sign up for different platforms to take part in several cryptocurrencies. You can access your favorite crypto on their secure platform.

TopHash Cloud Mining Plans

Here are the affordable plans offered by TopHash for everyone. Enjoy the perks of crypto cloud mining and the best services from TopHash.

• Experienced Project Cloud Mining – 1-day contract priced at $50 with a fixed return of $51
• ETH Cloud Mining – 3-day contract priced at $200 with a fixed return of $210.80
• LTC Cloud Mining – 5-day contract priced at $600 with a fixed return of $658.50
• DOGE Cloud Mining – 7-day contract priced at $1200 with a fixed return of $1368
• BTC Cloud Mining – 15-day contract priced at $3600 with a fixed return of $4788
• BCH Cloud Mining – 18-day contract priced at $8000 with a fixed return of $11384
• Bitcoin Cloud Mining – 20-day contract priced at $15800 with a fixed return of $24016
• Bitcoin Cloud Mining Pro – 25-day contract priced at $29800 with a fixed return of $52150

Earn More Money with TopHash’s Affiliate Program

Earn more money on TopHash through their affiliate program. Whenever someone uses your referral to sign up and make purchases, you will earn 4.5% as a commission.

Make sure to join the affiliate program on TopHash’s official website. After receiving the referral link, share it with people you know. Withdraw commissions without any investment.

Earn Extra Cash with TopHash Today:

Do you want to start earning extra money? Get started with TopHash today and grow your crypto portfolio. Take a look at the affordable plans offered by TopHash. Register your account with TopHash now.

FAQs

1. Is TopHash Safe?

TopHash has certified professionals who have expertise in several areas from cryptocurrency security to blockchain technology. Their systems use EV SSL Encryption that prevents data theft. The servers are safe against DDoS threats.

2. Do I Need to Invest to Earn?

If you want to earn extra cash without investing money, join their affiliate program. The earnings will be limitless because you will make extra cash on others’ purchases.

3. What is the minimum deposit and withdrawal amount?

$50 is the minimum amount set for both deposits and withdrawals.

In short, cloud mining is a good way to earn extra cash at home. For more details, click here: https://tophash.net

The post How to Create an Extra Income Source at Home with Cloud Mining appeared first on Fintech News.

In the days of cryptocurrency and Apple Pay, many people are more and more comfortable with the intersection of currency and the digital world. Financial institutions are in this transition period, too. It can be nerve-wracking to think about changing how data flows in an organization in which trust and security are paramount. But, don’t think about pivoting to the bank vault business yet. Financial services can benefit from cloud computing in several ways.

Cloud computing can reduce the amount of DevOps work that needs to be done within the company, save money after an initial investment, improve reliability and speed, and help improve customer experience. Take a look at the benefits financial institutions see from it today along with some downsides—don’t think of the cloud as a patch that can solve all problems.

Cost savings

At best, the greater efficiency that comes with cloud computing can bring cost savings, too. Keri Smith of Accenture’s Applied Intelligence practice for financial services found several major reasons why moving to the cloud can lead to cost savings. Running data in the cloud can reach cost savings of up to 65%, although the average is around 20%, she said.

Plus, scaling the amount of space you need on the cloud up and down ensures you’re only paying for what you use. Further, moving core functions to the cloud instead of maintaining mainframes on-premises can remove the expense of the mainframe itself. That isn’t guaranteed, though: Take a look at your setup and see if that 20% makes sense for you.

Better speed

Accenture also found that moving to the cloud came with greater speed, and that doesn’t just mean the amount of time it takes to retrieve data from a spreadsheet. Its recent report found it brought “higher digital fluency across the organization, increased worker productivity and lower costs for training and development.”

However, be careful to balance this against some processes that might slow down as employees get used to working with new methods and applications. Digital fluency takes time itself, and the cost and time this takes might need to be factored into a move to the cloud.

However, the intersection between digital speed and the time it takes for humans to catch up is complicated. Working on the cloud may mean it takes less time to train machine learning models. HSBC with Google Cloud changed this from taking one week to taking just one hour. But, automation does not make up for poor call center training or other bottlenecks in making sure the system works for real people.

Customer experience

Speaking of customers calling in, customer experience can be very different with the cloud. Deltec Bank found that adding edge computing with the cloud to its financial services offerings can enable more customized experiences, such as facial recognition or virtual tellers who provide relevant information to each individual customer automatically.

Stephen Fabel, director of Canonical and creator of Ubuntu, specifies that robotic computer vision or machine learning can enable this sort of experience in bank branches. This might also tie into the idea of bring-your-own-device banking that moves data closer to the customer than today’s mobile offerings.

Scalable, continuous operations

Deltec Bank also predicts that with more personalized operations, the cloud will bring continuous business and scalable operations. Personalized interactions between tellers and customers will be able to run without direct connection to a traditional data center.

Computer vision could help a bank operate even if employees are not available. This will also reduce the weight put on on-site digital assets.

When it comes to scaling, more and more organizations are putting more weight on the cloud. Gartner says three-quarters of enterprise-generated data will be created and processed at the edge by 2025. A cloud provider will be able to recommend a plan for the stage of the cloud journey each organization is in.

Looking at scale will also tell you whether your organization might not be large enough or moving in an appropriate direction to make connecting with a cloud services provider cost-effective. For banking and other financial services, that might include taking into account how to weather an economic downturn while providing exactly what your customers want to do with their money in an uncertain time. Consider how and whether modernization will be a good decision for your financial institution overall.

Outsourcing DevOps and modernization

PwC points out that some of the modernization that comes with the cloud is in fact just another case of finding the right experts among mere humans. Its cloud solution allows organizations to outsource technical specialization for cloud, mainframe and modernization. Its services are built with financial institutions in mind, so the people behind them will have industry-specific expertise and ideas, too.

Assisted modernization can ensure a smooth transition from legacy systems to a cloud-first model. Just as financial cloud services enable customers to have more personalized services, so too doces a good cloud service provider know how to customize its offerings to the kind of legacy systems an organization has. The speed of modernization and which systems get upgraded when, and for what reasons, will differ between them.

Trying to decide what kind of cloud services are right for your financial services organization? Take a look at more financial services software, IBM Cloud for Financial Services or Banking as a Service.

Source: https://www.techrepublic.com

The post How financial services can benefit from cloud computing appeared first on Fintech News.

Link: https://www.paymentsjournal.com/cloud-based-payments-are-the-future-and-banks-need-to-get-with-the-program/

Source: https://www.paymentsjournal.com

The post Cloud-based payments are the future, and banks need to get with the program appeared first on Fintech News.

Link: https://www.paymentsjournal.com/cloud-computing-centralization-poses-risk-to-financial-system-according-to-treasury/

Source: https://www.paymentsjournal.com

The post Cloud-computing centralization poses risk to financial system, according to Treasury appeared first on Fintech News.