Technology is growing increasingly complex by the day, so how are today’s financial institutions managing change? Our latest study on cloud technology and IT outsourcing uncovers how banks and credit unions are leveraging cloud technology and hosted financial applications to alleviate the burdens associated with managing IT. The study reveals trends related to migrating systems to cloud-based environments, IT regulatory guidance and cloud technology benefits.

1. Cloud
Methodology
& Facts
for today’s financial institutions.
1© Copyright 2014. Computer Services, Inc.

2. 26%
use core
banking
applications
in a hosted
environment.
2Cloud Methodology & Facts

3. 23%
plan to
outsource
more of their
IT services
this year.
50%
already have
assets being
delivered in
the cloud.
3Cloud Methodology & Facts

4. 75%
say that
the greatest
cloud concern
is security.
4Cloud Methodology & Facts

5. 3/4
have not received
guidance from
their examiner
on the use of
cloud services.
5Cloud Methodology & Facts

6. 45%
believe shared
management
between a cloud
service provider
and in-house
IT makes the
most sense.
6Cloud Methodology & Facts

7. 7
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Cloud Methodology & Facts