The pandemic has accelerated modernization efforts among banks across the globe, but not all banks are created equal when it comes to cloud adoption. While, in general, banks are embracing the cloud on a broad scale, some financial institutions (FIs) are merely following the crowd...
Digital banking adoption has steadily expanded during the pandemic and legacy banks have consequently struggled to offer seamless services. The financial institutions (FIs) that have clung to their outdated infrastructures have pumped additional funding into them over the years to shore up weaknesses, but many...
Lumin Digital has inked a multi-year deal that will have the company providing its cloud-based digital banking platform to Texas-based Shell Federal Credit Union. “Shell FCU will have more than 70,000 active users when it launches on the platform, which is slated for February of next...
Even cloud-native banks can struggle to roll out solutions with the speed that customers need. In the latest Digital Banks And The Power Of The Cloud Tracker, Andrew Smith, director of technical operations for online business bank, Holvi, explains how to efficiently scale and deploy...
Businesses and consumers alike are increasingly tapping new digital offerings for their financial needs as the ongoing COVID-19 pandemic shifts banking practices. Financial institutions (FIs) worldwide are searching for solutions that can help them swiftly support customers, but this means many are becoming more aware...
With back-end digitization no longer an option for the financial services sector, adoption of cloud infrastructure is a vital — yet often painful — process for financial institutions (FIs), FinTechs and other organizations. The biggest friction points are often traced back to the sheer size...
Financial institutions (FIs) and every other manner of business is right now learning a lesson in resiliency, for good or ill. As reports of how different sectors of the financial services industry performed during the global emergency, a few things stand out. Among them is...
Financial institutions (FIs) are fast coming to realize the need and importance of using a cloud-based infrastructure, with spending on cloud system services set to grow to $63 billion by the end of 2021, according to a recent study. Allocating the funds to build out...
Financial institutions are embracing cloud technologies to roll out innovative tools and services, but selectively upgrading infrastructure isn’t enough, says Michael Morris, chief technology officer for Australian FinTech Up. In the latest Digital Banks And The Power Of The Cloud Tracker, Morris discusses why FIs...
