Digital Transformation of Capital Market Firms Powered by Cloud
As capital market firms expand to new geographies, cater to new client demographic changes, and try to keep up with emerging new asset classes, it becomes evident that the legacy technology infrastructure is insufficient to keep pace with these advancements. The need for Infrastructure redesigning is critical and alarming. One of the options is to move the applications from legacy systems to the cloud. Building cloud-native solutions reduce complexities and save time and operational cost while simplifying technology and data management.
A recent analyst survey disclosed that over 50% of financial services firms are actively planning cloud migration. Thirty percent of insurance firms and 40% of banks have already deployed their workload over the public, private and hybrid cloud. Customers are focused on leveraging the cloud to transform and scale existing businesses and bring innovative solutions to the market.
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