TECH & AI
“ Cloud has already shown it ’ s a gamechanger for how financial services organisations will operate ”
RORY YATES CHIEF STRATEGY OFFICER , EIS
“ The cloud is the foundation for much of the innovation that is reshaping the fintech industry for the better ,” says Williams .
“ Cloud platform providers are enabling fintechs to deploy new services quickly and scale them seamlessly to meet market demand , all while maintaining performance , security and compliance .
“ It ’ s cloud providers that encompass the entire digital services value chain – from cloud-enabled data management and compliance expertise to worldwide scale – that have driven the most innovation in fintech . They allowed fintechs to focus on growth and ultimately gave them the edge over traditional financial services institutions that had legacy IT infrastructure .”
It ’ s much the same story in the world of insurance .
Like banks , insurers have faced a host of market , customer and regulatory pressures in recent years , forcing
148 April 2024