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Dear Chris! 100% agree. Our Ukrainian PrivatBank is also the case. In 2014 we moved 30,000 processes existing in the bank to Corezoid cloud OS that we developed in-house (or IaaS solution in terms of Your article). It helped both reduce costs and drive revenue growth thanks to higher conversion rates in our marketing communication, increased speed of launching new products, better serving existing clients in real-time age. Will tell more while talking at The FSC on July, 7th.
Commented Jun 26, 2015 on The case for cloud: cut IT costs by 40% or else! at The Financial Services Club's Blog
The case for cloud: cut IT costs by 40% or else!
I met a large bank’s CIO the other day who was told to reduce his IT budget for 2016 by 40%. He was a bit upset, and asked me if I had any ideas? I had a few but it’s a tough ask, especially when most banks IT budgets are exploding. According to Celent banks in North America, Europe and Asia-P...
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