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.