Why ramping up Cloud is crucial for digital banking?

Digitalization has blurred the lines between banking and technology. And cloud infrastructure is the truss.

While fintechs are evolving to meet the growing need for cloud-based services, banks are embracing cloud technologies to tackle core process modernization.

The advent of cloud infrastructure has reinvented digital banking.

How?

• First off, it unleashed banking products and services at the touch of a button.

• Secondly, leveraging the potential of cloud infrastructure served as a key competitive advantage that set leaders apart from industry peers.

• Finally, it improved operational efficiency and reduced product implementation costs.

Key benefits of cloud in banking

• Cost Effective: Cuts back on hardware, software, and IT cost while refocusing on core banking operations.

• Rapid Scalability: Improves accessibility and utilization of data for enhanced market adaptability.

• GTM Speed: Leverages advanced data-driven analytics to improve time-to-market speed and agility.

• Open Banking: Enables plug & play integration with multiple stakeholders to provide hyper-personalized banking solutions.

• Customer Experience: Uses AI, ML, and Robotic Process Automation (RPA) to create personalized, cutting-edge products and services.

• Security: Empowers banks to detect security threats like money laundering and fraud in real-time.

Digitization is ubiquitous. Banks must leverage the cloud to maintain relevance in the ever-changing financial landscape.

Cloud is the way forward!

We are now at Azure Marketplace!

Microsoft Azure customers can access M2P’s Card Issuance Platform and take advantage of our cloud-native features such as end-to-end card lifecycle management, modular process, and rapid scalability to drive application development and shape business strategies.

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That's it for now. See you again soon with all the need-to-know fintech updates!

Stay tuned. Stay curious.