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2022 | OriginalPaper | Chapter
6. Cloud Adoption: A Foundational Engine
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Abstract
In the past five years or so, cloud computing has become the key enabler for innovation at banks. Cloud is enabling banks to leverage new service models and new technology capabilities, implement microservices, and deliver API to significantly improve digital experience and business outcomes by building agility, scalability, and resiliency into the business model. It is the foundation to industrialise data infrastructure to process a very high volume of data in real-time and deliver banking AI as a service by leveraging AI platforms provided by cloud service providers (CSPs).