The modernization of cloud computing has introduced new challenges for banks seeking to meet the digital business requirements for innovation and transformation. Doing this is not simple, as many disparate cloud-related technologies and the methods used to interconnect them were designed neither to interoperate easily nor to function in real time and in a secured manner. As banks operate in the hybrid cloud with integration to legacy systems in the enterprise, they must maintain the continuity of business processes, among them domestic and global transactions as systems of record that connect customers and financials as well as devices at banking retail locations and ATM machines. These advances in computing and interconnectivity will yield new opportunities for monetization but will also involve challenges in ensuring continuity of banking operations.
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About the Author
CEO and Chief Research Officer
Mark Smith is the CEO and Chief Research Officer of Ventana Research and leads the firm’s global market agenda for business and technology. Mark is a digital technology enthusiast who loves the art and science of market research and advisory for educating and inspiring technology buyers and suppliers. With over 30 years of experience in the technology industry, Mark is a subject matter expert in enterprise software and innovation for digital business.