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Financial Services & Cloud: Delivering Next Gen Digital Transformation

WHITEPAPER

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In the past, traditional enterprise organizations that operate in heavily regulated industries and handle sensitive data have veered towards on-premise technologies in an effort to keep their data locked safely away in their own data centres and behind their own firewalls.

Even up to a few years ago, any suggestion of putting this sensitive data in the cloud was generally not well received, mostly due to security concerns. This is especially true for the financial services industry, which has actively avoided entrusting data to the cloud, fearing the searing heat of regulatory scrutiny should that data become compromised in a breach.

Faced with a new market dynamic, however, the financial services industry is addressing many of its cloud concerns and putting to rights the myths that have grown exponentially around cloud infrastructure.

In the regulatory space, more and more banks are now rapidly embracing deploying their regulatory applications on the cloud to take advantage of scalability, lower capital costs, ease of operations and resilience offered by cloud solutions.

In this paper, we explore the world of cloud-centric financial services and the benefits it can deliver to financial institutions. We’ll discuss:

  • The potential of cloud for Client Lifecycle Management (including data management, compliance and client onboarding operations).
  • The key considerations to be borne in mind when migrating from on-premise to cloud.


Download the Whitepaper! 


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Anim pariatur cliche reprehenderit, enim eiusmod high life accusamus terry richardson ad squid. 3 wolf moon officia aute, non cupidatat skateboard dolor brunch. Food truck quinoa nesciunt laborum eiusmod. Brunch 3 wolf moon tempor, sunt aliqua put a bird on it squid single-origin coffee nulla assumenda shoreditch et. Nihil anim keffiyeh helvetica, craft beer labore wes anderson cred nesciunt sapiente ea proident. Ad vegan excepteur butcher vice lomo. Leggings occaecat craft beer farm-to-table, raw denim aesthetic synth nesciunt you probably haven't heard of them accusamus labore sustainable VHS.

Anim pariatur cliche reprehenderit, enim eiusmod high life accusamus terry richardson ad squid. 3 wolf moon officia aute, non cupidatat skateboard dolor brunch. Food truck quinoa nesciunt laborum eiusmod. Brunch 3 wolf moon tempor, sunt aliqua put a bird on it squid single-origin coffee nulla assumenda shoreditch et. Nihil anim keffiyeh helvetica, craft beer labore wes anderson cred nesciunt sapiente ea proident. Ad vegan excepteur butcher vice lomo. Leggings occaecat craft beer farm-to-table, raw denim aesthetic synth nesciunt you probably haven't heard of them accusamus labore sustainable VHS.
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AiteGroup.pngRESEARCH HOUSE

Aite Group is a key Research House in the Financial Service Industry. It partners with participants in the international financial services marketplace, leveraging its analysts' industry experience to challenge, advise and to catalyze growth through independent market research and timely consulting. Aite Group builds bridges, brokers insight, and offers actionable advice that companies rely on to build their relationships and grow their businesses.




VirginieOShea.png AUTHOR

The author of the report, Virginie O’Shea, is a research director with Aite Group, heading up the Institutional Securities & Investments practice and covering data management, collateral management, legal entity onboarding, and post-trade technology. She brings to the firm more than 13 years of experience in tracking financial technology developments in the capital markets sector, with a particular focus on regulatory developments and standards. 


Capabilities of Fen-cloud

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CLM in the Cloud

Fenergo has launched Fen-Cloud, a cloud-managed service offering that hosts Fenergo’s Client Lifecycle Management solutions in the cloud. This offering allows financial institutions to quickly get their CLM solutions up and running, while still maintaining the flexibility of customer-specific configuration, interfaces, and processes.

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Location Details

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Save the Date

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DATE
JULY 20, 2019

TIME
2:00pm EST

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