Hybrid clouds are essential for banks trying to adapt to market demands quickly and mask complexity. They help banks in in providing contextual variability and connectivity, with ecosystems to enable wide-ranging communication and collaboration with vendors, partners, financial service providers, customers, and other stakeholders. And by virtue of their easy scalability and flexibility they are invaluable for business continuity and for supporting a distributed workforce and enterprise architecture. But move to hybrid cloud must be accompanied by strong governance and security policies. The architectural complexity of the technical stack involved in hybrid cloud needs skilled architects to implement. The same applies to security configurations which must be deployed consistently across the public and private clouds to best protect data. Banks must invest in comprehensive cloud operating models to minimize vulnerabilities, automate processes, and optimize resource allocation.
Cloud adoption is now a crucial business priority and even banking regulators are growing increasingly confident about the value they deliver. And as more banks adopt hybrid clouds, they must remember that the cloud has far reaching impact. Cloud technology can help banks to transform into a digital business, strengthen their enterprise security and compliance, reduce their infrastructure footprint and introduce automation and orchestration to deliver contextual and hyper personalized customer service. From agility and scalability to remote working and business continuity, hybrid clouds hold the key to a competitive future. And banks must make the hybrid cloud leap with foresight, planning and a sound strategic roadmap.
