Weekly Newsletter

04 December 2023

Weekly Newsletter

04 December 2023

Could cloud computing transform the banking industry?

Per GlobalData, global spending by retail banks on cloud computing in 2022 amounted to $39 billion. Cloud computing provides retail banks with a more flexible business model and lowers operational costs. Cloud-based systems have helped banks adapt to the rise in remote working, increased customer app use, and associated security and fraud risks.

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