Cloud computing provides an opportunity for banks to enhance their information technology (IT) services, acting as a powerful engine for business model innovation. Given the technical complexity inherent in cloud adoption, boards play a crucial role in guiding this shift.
Our report provides banking sector boards with insights into cloud computing. It outlines why and how banks are moving towards this technology – covering the options available for cloud computing deployment, the benefits and challenges – and the key areas that boards should focus on while overseeing a bank’s cloud adoption.