Incorporating Cloud-Based Solutions For Investment Banking
In our Digital Banking Playbook with Microsoft, PSFK examines how banks are improving efficiency and risk management with cloud technology
With high regulatory scrutiny and growing complexity in managing risk, it is an unprecedented time for the financial industry. The industry also continues to face margin pressures, while requirements for increased capital reserves and liquidity are central to a bank’s freedom to fund new market opportunities. PSFK’s Digital Banking Playbook, a collaboration with Microsoft, describes how cloud technology can alleviate these challenges for financial institutions.
To improve operational efficiency and risk management capabilities, investment banks are moving to cloud-based solutions. In doing so, they can derive more sophisticated data insights, streamline operational efficiencies and improve security, while designing with agility-first, new business models. Key challenges to confront with the cloud include:
- Addressing structural cost by creating an agile infrastructure that can respond to evolving market trends and regulatory requirements
- Optimizing compute capacity based on real-time needs and usage to ensure proficiency of risk models
- Upgrading legacy systems to more effectively gather, analyze and contextualize a wide range of data
- Scaling computing resources to optimize risk management and meet a continued evolution of regulatory requirements
- Improving the efficiency and speed of collaboration between bankers across departments to employ the expertise of colleagues
- Increasing bankers’ mobility resources for remote, secure, private and compliant access to their working platforms
- Quickly deploying new, innovative products and services to deliver more value to clients
The Digital Banking Playbook, presented in partnership with Microsoft, highlights how digital tools can augment a financial institution’s ability to optimize operations and reinvigorate the client experience. Download the free report here.
Lead Image: Analyzing data via Shutterstock
Before you start filling up your calendars with conferences to spark your business innovation and personal growth this year, add CXI 2018 conference to your wish list! For its 12th year running, PSFK is hosting an intimate conference where emerging pioneers and established experts will take the stage to discuss all things innovation around the new consumer experience.
Peter is the founder and CEO of Bug Labs, the developer of a suite of open-source software products to increase the productivity and functionality of connected devices. Bug Labs’ flagship product “freeboard™” is a cloud-based “Internet of Things” development platform that lets businesses easily incorporate new digital services to their connected products. Through Bug Labs’ services, businesses eliminate time spent testing and adjusting prototypes as further iterations are done with more useful user data. Peter is also a founding member of the growing open-source hardware movement that encourages the sharing of design specifications so that hardware can be recreated by others. Prior to starting Bug Labs, Peter founded and served as CEO of Antenna Software, which grew to become one of the largest mobile enterprise software companies in the U.S. Peter received his BA in economics from Brown University. Check out his exclusive interview with PSFK & HP/HP Matter here!
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