Cloud Vendors and What They Bring to Payments
- Date:July 16, 2024
- Author(s):
- Matthew Gaughan
- Report Details: 16 pages, 0 graphics
- Research Topic(s):
- Tech & Infrastructure
- PAID CONTENT
Overview
Providers of cloud services have made strong plays for financial institutions in recent years, and accordingly, banks have begun migrating data and applications to the cloud rather than hosting storage and operations on-premises. The result has been a new wave of innovation, particularly in payments, and increased flexibility to meet consumers’ demands in an age of real-time transactions.
This Javelin Strategy & Research report looks at the major players in cloud computing, how they are specifically catering to financial services with their offerings, and the key features available. It also assesses the various strategies FIs are building (for example, public cloud or private cloud or both) and considers the ways in which moving to cloud can streamline operations, increase efficiency, and deliver better experiences.
Key questions discussed in this report:
- How have cloud providers increased their offerings for financial services providers?
- What are the different approaches to implementing a cloud strategy at financial institutions?
- What are the key features of cloud services that make them appealing for FIs?
Companies Mentioned:
ACI, Amazon, Bank of America, Capital One, FICO, FIS, Google, IBM, JPMorgan Chase, Microsoft, Pismo, Snowflake, TD Bank, U.S. Bank, UBS, Wells Fargo
Book a Meeting with the Author
Related content
Agentic AI and the Rise of Forward Deployed Employees in Financial Services
Frontier AI partnerships are rapidly reshaping how financial institutions operate, from embedded engineers influencing product strategy to agentic systems driving critical workflow...
Monetizing the API: Banks Are Increasingly Generating Funds from Tech
Banks’ payment API strategies have matured from cautious experimentation to core growth and defensive plays. Moving beyond insecure screen scraping, banks now monetize proprietary ...
Stablecoins and the Programmability Gap: Changes Are Happening Upstream
Stablecoins are often framed as just another payment rail, but that view misses what makes them important. Programmability shifts how and where payment behavior is defined, moving ...
Make informed decisions in a digital financial world