Cover for the PYMNTS and NCR July 2023 “Digital-First Banking Tracker®: Tapping the Cloud for Accelerated Banking Innovation”

Cybersecurity Is Driving Banks to the Cloud

Tapping the Cloud for Accelerated Banking Innovation

Cybersecurity, cost reduction and easier integration of new services are among the benefits driving banks to the cloud, but implementation can be a hurdle for many. In the “Digital-First Banking Tracker®,” a collaboration with NCR, PYMNTS explains how aligning goals between banks and their IT partners will be critical to the future of cloud technology in the banking industry.

Inside the July Tracker

  • Consumers expect targeted and personalized digital banking experiences rather than one-size-fits-all.
  • More than half of banks are moving toward cloud technology to strengthen cybersecurity, with 34% want to reap the benefits of the cloud’s enhanced data science capabilities.
  • Cloud technology can help banks augment their digital transformations, but implementation can be a hurdle.

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