There is a steady acceleration of the payments infrastructure moving to cloud banking. This is not a new trend for payment fintech disruptors and some of the more forward-thinking financial institutions. Reasons behind this shifting landscape include two important factors. There is an increasing regulator comfort level with cloud. Cloud facilitates the momentum building around platform approaches to service delivery and the flexibility of embedded finance.

Key corporate banking services are moving to the cloud and those institutions not preparing for this reality will be caught in competitor tailwinds.