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News and resources on cloud strategy, selection, build, migration and operation for banks and fintechs.

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Latest news

NCR Voyix sells digital banking business for $2.45bn

06 August 1

Finextra is getting a new look!

02 August 12

ThetaRay boosts AI financial crime detection with Screena acquisition

30 July 1

AWS announces generative AI service to create apps

11 July 3

Ethos partners Thought Machine for Shariah-compliant banking services

08 July 3

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Community

Raktim Singh Senior Industry Principal at Infosys

Industry cloud platforms: The future of Cloud

09 August 11

Steve Morgan Banking Industry Market Lead at Pegasystems

The Criticality of Maintaining Data Quality Amid Cloud Migration and Digital Transformation

08 August 1

Smrithi Jacob Business Development Manager at ReveniQ

5 Reasons Why SaaS Metrics Matter

30 July

Anne Willem De Vries Co-founder and CEO at Silverflow

Legacy Systems Are Holding Payments Back

01 July 211

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Company updates

All /cloud company updates

10x Banking forms partnership with SunTec

11 hours

DNA Payments arrives on Oracle Cloud Marketplace

22 August

Nomentia offers clients Swift Business Connect service

16 August

Michigan Educational Credit Union rolls out Lumin Digital platform

15 August

Paymentology achieves Mastercard’s Cloud Edge certification

13 August

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More news

EBAday 2024: 75% view instant payments regulation as their number one priority

19 June 1

EBAday 2024: Instant payments and generative AI will be the most impactful for the industry

19 June 13

Thought Machine becomes Mastercard core banking partner

17 June 3

Santander to take in-house-built tech platform global

14 June 13

EBAday 2024: 100 banks registered and ready to fuel the payments technology conversation

29 May 1

Engine SaaS platform could push Starling valuation to £10bn - investor

27 May 13

All /cloud news

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Expert opinions

Raktim Singh Senior Industry Principal at Infosys

Industry cloud platforms: The future of Cloud

Industry cloud platforms (ICP), distinct from general-purpose cloud platforms, are tailored to meet the unique needs of various sectors. Industry clouds are sets of cloud services, integration fabrics, products, and tools that offer sector-specific capabilities while being natively upgraded for cloud platforms and delivered at scale. Industry cl...

09 August /retail /cloud Technology for Social Good

Steve Morgan Banking Industry Market Lead at Pegasystems

The Criticality of Maintaining Data Quality Amid Cloud Migration and Digital Transformation

In today’s rapidly evolving financial landscape, cloud migration and the integration of advanced digital technologies are reshaping how banks operate. For example, many banks are moving their banking systems to cloud-based platforms and adopting technologies like machine learning and artificial intelligence (AI) to enhance customer service and str...

08 August /ai /cloud Artificial Intelligence

Smrithi Jacob Business Development Manager at ReveniQ

5 Reasons Why SaaS Metrics Matter

In the dynamic world of Software as a Service (SaaS), metrics serve as the compass guiding businesses through the labyrinth of challenges and opportunities. From fledgling startups to established enterprises, understanding and leveraging SaaS metrics is pivotal, especially in the developing stages of a SaaS venture. Here’s why: Navigate Growth Tra...

30 July /cloud /startups Fintech

Anne Willem De Vries Co-founder and CEO at Silverflow

Legacy Systems Are Holding Payments Back

Despite processing millions of payments a day, the payments industry is being held back by outdated technology that has become too integral to replace or integrate with – until now. Legacy systems are already costing the payments industry $36.7 billion per year, a figure that is expected to rise to $57.1 billion by 2028. Rather than addressing sin...

01 July /payments /cloud The Payments Business

Zubin Limbuvala Principal Data Strategy Lead at GFT

Are you brave enough to look beyond ‘Lift and shift’?

What do cloud solutions have in common with the electric vehicle industry? On the face of it not much. Corporate successes in the last few years have proven that slow evolution and retro fitment are not good enough for firms to thrive and excel. The most successful companies start off with an idea and a philosophy from the ground up. Take the exam...

17 May /cloud

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Research

Impact Study

Microservices Architecture: Future-Proofing Payments Technology

It is high time for banks to move away from legacy thinking and embrace modernisation to remain competitive in the industry. Financial institutions have long been threatened by innovative, tech-savvy fintech firms that do not have to maintain decades-old back-office systems. Core banking systems within banks have evolved, but with additional pressure from incoming regulation and subsequent reporting, progression and modernisation has not kept pace with industry developments. In the US alone, the real-time payments market is expected to grow at a compound annual growth rate of 31% until 2030. An institution’s success in scaling their payment processing in response to this shift will rest heavily on how their systems are set up. Cloud-native payments processing is the most viable option to keep pace with innovation demand and competition; enabling banks to build upon flexibility, at low cost and risk. These enablers also make cloud infrastructure – both public and private – attractive for banks that have struggled to streamline, maintain and upgrade their legacy infrastructures. This research paper, produced in association with Diebold Nixdorf, explores the opportunities of microservices architecture. It discusses: Then & Now: Monolithic vs. microservices architecture Overcoming microservice challenges The benefits of a micro-approach Real-world examples and cases studies And more.

27 August 2024 8 downloads

Survey

Payments Modernisation: The Big Survey 2024

Welcome to the fourth edition of The Big Survey. Our annual report, surveying 350 senior bankers across the globe, offers a unique vantage point on the ever-evolving landscape of payments modernisation. Over the years, we’ve uncovered fresh developments and enduring challenges alike, painting a detailed picture of the industry’s trajectory. As we navigate 2024, the financial services sector is in the midst of profound transformation. Our latest insights highlight the critical need to modernise payment systems swiftly and effectively, driven by rising customer expectations and stringent regulatory demands. Download our 2024 survey to learn about: The current state of capabilities Why payments architecture is more flexible than ever before Financial institutions’ budgets and spending priorities The global drive towards real-time and cross-border And much more.

13 June 2024 859 downloads

Event Report

Mastering DORA: A Strategic Guide to Operational Resilience

In the rapidly evolving fintech world, robust, reliable, and resilient systems are more crucial than ever. The industry must grapple not just with the challenges of instant payments and external cyber threats, but also with the advent of new players, running on varied infrastructures and offering unprecedented uptime levels. DORA, introduced by the European Union, provides a dedicated framework for the EU financial sector, aimed at protecting digital operational resilience—a vital aspect of contemporary business operations. This Finextra webinar report, hosted in association with NTT DATA, offers a strategic guide to mastering DORA. It covers: Understanding DORA and its impact on the financial services industry Why operational resilience is key to business continuity Key aspects of implementation And more. Download our webinar report now to learn more. Click here to watch the webinar on-demand now - DORA: The drive towards better operational resilience.

28 February 2024 582 downloads

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FinextraTV

Fintech in Asia: How are Digital Experiences Evolving?

Join FinextraTV at the Temenos Community Forum 2024 as Ramki Ramakrishnan, Managing Director, APAC, Temenos and Trinh Vinh Hien, CTO & CDO, PVcomBank provide an overview of how the APAC region is leading when it comes to efficient digital experiences and the innovations that have come to the fore since 2022. As more and more customers expect digital access to all services, scalable solutions are imperative for financial players in Asia, the Pacific and further afield. While the likes of Alipay and WeChat attempt to bridge the gap between the banked and unbanked, innovation must ensure it is fit for purpose for all.

10 July 2024

The Importance of ESG when Choosing a Technology Provider

17 July 2024

Considering Cloud? Here are the options for banks

11 July 2024

Core Banking Transformation: Enabling Future Growth at a Systemic Bank

12 July 2024

Fintech Collaboration in Banking and Reshaping the Industry

12 July 2024

All /cloud on FinextraTV

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Events

September 2024

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September 2024

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Webinar

Using modern technology platforms to create an AI-driven bank

Discover practical strategies to leverage the full potential of AI.

Speakers from: Red Hat, Mastercard

17 September 2024 Online 252

1 Event in September

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October 2024

HideShow

October 2024

HideShow

Webinar

Microservice architecture: The answer to modern payments processing

How can banks future-proof their payments processing with microservices architecture?

Speakers from: Diebold Nixdorf

17 October 2024 Online

1 Event in October

Show

All /cloud events

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Long reads

Hamish Monk Reporter at Finextra

Understanding SaaS

Software-as-a-service, often contracted to ‘SaaS’, benefits consumers and businesses around the world daily. As one of the three constituents of cloud computing – infrastructure-as-a-service (IaaS) and platform-as-a-service (PaaS) being the other two – SaaS, delivers software and applications over the internet, via a subscription model. This, in ...

19 August 2024

ERP migrations and the pitfalls of decayed bank master data

Sehrish Alikhan Reporter at Finextra

ERP migrations and the pitfalls of decayed bank master data

In a data-rich world, financial institutions are already struggling with fractured bank master data. Add on top of that data decay and the drive towards migration as many ERP (enterprise resource planning) providers move towards the end-of-life dates for their traditional ERP systems, migration is becoming a herculean task. In the face of a loomin...

06 June 2024

How to define cloud sovereignty and the quest for balance

Madhvi Mavadiya Head of Content at Finextra

How to define cloud sovereignty and the quest for balance

With the everchanging geopolitical landscape and new regulations coming to the fore, where data is kept, where it is shared, and who can access it are all considerations for financial institutions in a world where more data equals more power. As a growing amount of data is stored in cloud-based data centres, the EU, US, and China have issued regul...

24 April 2024

All /cloud long reads