Cloud environments and the need to rationalize

Cloud technology can support ISO 20022 migration and payments modernization at a wider level, thanks to its potential to democratize and simplify payment operations.

Research by GFT Financial has highlighted that 86% of bankers have now adopted cloud services to some degree to harness the cloud’s virtually unlimited scalability. Rapid access to consistent, compliant infrastructure coupled with cloud-native developer tooling has the potential to drive faster time to market for products and services. In this new technology landscape, barriers to change, such as costs and complexity, are being broken down in favour of efficient, open and scalable platforms available to all.