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Take your banking operations to new heights with our Cloud-Based Banking Analytics solution. Seamlessly harnessing the scalability and agility of the cloud, our cutting-edge analytics platform empowers financial institutions to unlock invaluable insights, drive informed decision-making, and stay steps ahead in an ever-evolving industry.
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How banks are modelling ways to the cloud? x www.polestarllp.com
WHAT'S THE STATUS? Know what are the current trends in the Banking space and how migrating to cloud can help organizations 30% According to McKinsey & Company survey, banks can save their IT infrastructure expenses by up to 30% by switching to the cloud 80% of banks intend to boost their use of cloud computing services in the next 3 years, according to Accenture Survey 70% of banking clients expect their banks to provide digital services including mobile apps and online banking, according to an Oracle survey www.polestarllp.com
WHAT'S DRIVING BANKS TO THE CLOUD? Innovation Increased cloud compliance to security Simplified IT structure Cost reduction Customer Centricity 0% 10% 20% 30% 40% 50% Source: Appinventiv Salient Features Lowered Infrastructure cost Better Data Security Operational Efficiency
HOW LEADING BANKS ARE PROGRESSING IN ASIA IN CLOUD IMPLEMENTATION? Includes Private and Public migration Excludes digital banks Source: TABInsights Early Stage Progressive Stage Leader Stage Banks that have concentrated on the applications but have not yet changed the data stacks Banks that took advantage of the option to move more recent systems and apps to the cloud www.polestarllp.com Banks that are more proactive and want to move all of their crucial apps to the cloud.
Learn more about how cloud-based banking analytics can help your bank.