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Cloud Platforms Powering FinTech in Europe, 2017

Cloud Platforms Powering FinTech in Europe, 2017

In terms of cloud adoption, the financial services industry has been lagging unlike many other industry sectors. While the benefits of cloud adoption are not unknown, there was initial hesitation on account of legacy infrastructure, lack of clarity on regulations, concerns related to compliance and data security. Cloud providers, upon understanding the specific needs of the industry, have been extremely proactive in working with regulators and ensuring that their solutions meet stringent requirements. This trend followed by regulators issuing guidelines and promoting the use of cloud has also helped in adoption. The most significant driver has been disruption of the industry by start-ups, many of whom are completely cloud based. This move has resulted in much lower costs and faster time-to-market, two of the biggest challenges for incumbents. This has had a direct impact on improving consumer satisfaction and retention, enhancing their ability to utilize the vast data available to enhance products and services, and in increasing market scope.


  • Executive Summary
    • Key Findings
    • Definitions
  • Cloud Platforms for Financial Services
    • Cloud Platforms-Enabling Enterprise Flexibility
    • Cloud Platforms-Service Models Enable Flexibility for Stakeholders
    • Cloud Platforms-Gradual Migration with Varying Degrees of Benefits
    • Multiple Deployment Models Promote Cloud Adoption
    • Boundaries Blur in Cloud Deployment
    • Cloud Architecture-Multiple Industry Participants to Manage Complexity
    • Cloud Ecosystem-Multiple Industry Participants to Manage Complexity
    • Cloud Platforms-Impact on Critical Enterprise Functions
    • ICT Spending Forecast 2020
  • Cloud Solutions and Service Providers
    • Complexity is the New Reality of Financial Services
    • IT Strategy and Budgets of Financial Services Companies
    • Cloud Solutions-Applied Across a Range of Functions
    • Cloud Solutions and Adoption-Current Trends
    • Cloud Solutions and Adoption-Emerging Trends
    • Focus Areas for Financial Services Companies in Cloud Adoption
    • High Satisfaction Levels Among Financial Services Users
    • Amazon Web Services (AWS) Profile
    • Google Cloud Platform Profile
    • IBM Profile
    • Microsoft Azure Profile
    • OVH Profile
    • Cloud Platforms-Small Change, Big Difference
    • Cloud Platforms-Foundation Of Digital Financial Services Ecosystem
  • Advanced Technology Integration in Cloud
    • Integration of Advanced Technologies
    • Integration of IoT
    • Integration of Big Data and Analytics
    • Integration of AI and ML
    • Integration of Blockchain
    • Emerging Technology Trends
  • Cloud Platforms in Europe-Drivers and Restraints
    • Cloud Platforms in Europe-Market Drivers by Order of Impact
    • Drivers and Impact on Industry-Detailed
    • Cloud Platforms in Europe-Market Restraints by Order of Impact
    • Restraints and Impact on the Industry-Detailed
  • Application of Cloud Platforms by Financial Services Startups and Incumbents
    • Financial Services Firms Use Cloud For Myriad Services
    • Use Cases-Cloud Solutions
    • Application of Cloud Platforms by Start-ups
    • Trends in Application of Cloud by Start-ups
    • Application of Cloud by Incumbents
    • Trends in Application of Cloud by Incumbents
    • Cloud Central to New Payment Solutions
  • Impact of Regulations on Cloud Adoption
    • Ambiguity Around Regulations Slows Adoption
    • PSD2 and Shared API in Europe
    • Use Cases-Solutions To Meet Regulatory Requirements
  • Growth Opportunities and Companies to Action
    • 5 Major Growth Opportunities
    • Growth Opportunity 1-P2P Payments
    • Growth Opportunity 2-Account Management
    • Growth Opportunity 3-RegTech
    • Strategic Imperatives for Success and Growth
    • 3 Key Conclusions
  • Appendix
    • About the Survey

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