Cloud Vendors and What They Bring to Payments

Providers of cloud services have made strong plays for financial institutions in recent years, and accordingly, banks have begun migrating data and applications to the cloud rather than hosting storage and operations on-premises. The result has been a new wave of innovation, particularly in payments, and increased flexibility to meet consumers’ demands in an age of real-time transactions. 

This Javelin Strategy & Research report looks at the major players in cloud computing, how they are specifically catering to financial services with their offerings, and the key features available. It also assesses the various strategies FIs are building (for example, public cloud or private cloud or both) and considers the ways in which moving to cloud can streamline operations, increase efficiency, and deliver better experiences.

Key questions discussed in this report: 

• How have cloud providers increased their offerings for financial services providers? 
• What are the different approaches to implementing a cloud strategy at financial institutions? 
• What are the key features of cloud services that make them appealing for FIs?

Companies Mentioned: 

ACI, Amazon, Bank of America, Capital One, FICO, FIS, Google, IBM, JPMorgan Chase, Microsoft, Pismo, Snowflake, TD Bank, U.S. Bank, UBS, Wells Fargo