The Growing Importance of FinOps at Financial Institutions
- Date:December 26, 2024
- Author(s):
- Matthew Gaughan
- Report Details: 9 pages, 2 graphics
- Research Topic(s):
- Tech & Infrastructure
- PAID CONTENT
Overview
As financial institutions increasingly embrace the power of technology and remake themselves through cloud computing and the harnessing of artificial intelligence, FinOps teams step to the fore. FinOps align the many relationships between banks and their tech partners, seeking a harmonious convergence that puts financial institutions in a position to better leverage technological solutions and create enhanced experiences for their customers.
This Javelin Strategy & Research report looks at the increasingly prominent role FinOps teams are playing in bank operations, considers successful implementations, and advises financial institutions on what they should consider as they build FinOps structures.
Companies Mentioned:
Amazon Web Services (AWS), Capital One, FinOps Foundation, NVIDIA
Book a Meeting with the Author
Related content
As AI Costs Grow, Here’s How Banks Can Manage the Economics
AI is spreading through banks faster than any technology on record, bringing new opportunities alongside rising costs and operational complexity. As pricing models evolve and AI us...
Embedded Risk: Risk Management Finds a Home in the Tech Stack
As payments become faster and automated, risk management is moving from the sidelines to the center of transaction processing. Real-time payments, open banking, and agentic AI are ...
The Technology Product Owner: New Rules, New Roles at FIs
As banks decide to monetize data and deploy AI, a new kind of employee is becoming critical to turning technology into revenue. Product owners who blend finance, technology, and st...
Make informed decisions in a digital financial world