Financial Institutions and the Move to the Cloud

Banks and credit unions have been slower than some other industries in terms of their adoption of cloud computing. Regulations are complicated and the risks loom large. Furthermore, the integration challenge with legacy systems can tax resources. However, the potential benefits can be a compelling incentive. Convergint works with its financial customers to navigate regulatory requirements and evaluate the cloud options in security for their branch networks to support risk/benefit analyses.

The move to the cloud can be transformative for financial institutions striving to optimize operational efficiencies in the face of escalating customer demands. Leveraging the cloud effectively can ultimately improve data security and market position via enhanced:

Success stories are abundant, particularly among larger North American banks. These industry reference points can often provide insights for best practices when reinforced by:

• strict adherence to regulatory and legal guidelines
• consideration for bank culture and customer expectations
• partnership with cloud technology and integration experts
• moderate vs aggressive pace of adoption

Convergint partners with industry-leading cloud technology providers, particularly in the security space, and is therefore equipped to consult with financial institutions considering the move to remote support. The Convergint Financial team in collaboration with subject matter experts in digital transformation can evaluate and recommend cloud platform opportunities that are a best fit for the bank or credit union branch network.