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The Adoption of Cloud-Based Solutions by European Banks

The Adoption of Cloud-Based Solutions by European Banks

In this Financial Insights Perspective we examine the adoption of cloud-based solutions by European Banks using data collected at the end of 2014 as part of IDC's Western European Vertical Markets study. This study surveyed 56 major Western European banking institutions and included questions asking respondents to provide detail about their current and planned adoption of cloud-based solutions.

As with organizations in other sectors, financial institutions are facing increased pressure to streamline processes, improve operational efficiency, lower costs, and adapt to changing customer preferences.

The cloud offers a solution to these pressures, with specialist providers able to exploit economies of scale, and extra bandwidth always available to banks when they need it.

Please Note: Extended description available upon request.


In This Perspective
Different Types of Cloud
How Much of the Banking Sector is Already Using Cloud Solutions?
What Are Banks Most Likely to Put on the Cloud?
Real-World Examples
Conclusion
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Related Research
Figure: Adoption Rate of Cloud Computing for Non-Mission Critical Areas of Banking, by percentage
Figure: Adoption Rate of Cloud Computing for Non-Mission Critical Areas of Banking, by Percentage
Figure: Penetration of Cloud Computing in the Banking Industry

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