Traditionally, Banks have feared Cloud, partly due to regulatory reasons, partly due to data security and other reasons. However, as some pioneering banks around the world have shown, there is a way. And as are increasingly discovering, Cloud will not be an option, but an imperative for Banks. What's driving this? For starters, the changing systems of engagement with customers. Yes, as banking customers, particularly, retail banking customers, start demanding that their banks are available to them 24x7, across a multitude of channels, "on demand" - banks are driven to engage using new channels: mobile, social media. This introduction to the API-engagement models is driving entirely new workloads for the Banks' infrastructure. Cloud is the only way they can cope with this new engagement model. In this short 5-minute deck, I present 5 reasons why Banks need cloud today.

1. 1
“Mr. Banker,
5 Reasons Why the Bank needs Cloud”
Arun Cavale
@aruncavale
sg.linkedin.com/in/aruncavale
“5 Things in 5 Minutes” Series No. 4:

2. 2
Cloud allows banks to
deploy computing
resources based on
actual demands,
reducing costs and
simplifying IT
infrastructure
Reason #1:

3. 3
Cloud helps deliver
innovative mobile
banking products and
services to enhance
competitiveness, win
new customers
Enable new systems of
engagement
Reason #2:

4. 4
Cloud helps speed
development and test
of new banking apps
while improving
reliability and
business continuity
Reason #3:

5. 5
Cloud helps aggregate
data from across the
enterprise to improve
customer insight and
manage risks
Reason #4:

6. 6
Your competitor Banks
are already using Cloud
and gaining
competitive advantage
Use Cloud to drive
innovation into new
products & services
Reason #5:
Use Cloud to make better,
data-driven decisions and
share data seamlessly
across applications
Will be using Hybrid
Cloud this year
Source: IBM Center for Applied Insights