IBM Cloud for Financial Services™
External conditions such as COVID-19 are driving extreme volatility in channel usage, in transaction volumes, and product demand. Your legacy systems may lack the resiliency needed to handle these challenges. Current customer behaviors and workloads are likely to shift quickly and dramatically again; placing your systems, your costs and your people under perpetual strain. You are faced with infrastructure that is slow and expensive. Additionally, different executives each with their own set of concerns makes moving to the public cloud seem daunting.
These limitations and concerns are why banks have moved fewer than 20% of all workloads to the cloud, and virtually no complex workloads or those involving sensitive data. Until you find a way to safely and securely migrate and manage substantially greater workloads on the cloud, you will operate at this disadvantage. But it doesn't have to be this way--it IS possible for banks to benefit fully from public cloud.