Cloud technologies are a catalyst for global change in the financial sector; offering the same advanced levels of operational flexibility, developmental agility, and transformational abilities that challenger banks and niche fintechs make such successful use of. dsp cloud services are tailor-made to enable financial organisations to level the playing field and develop new services rapidly to meet new customer behaviours and needs. We are the leading UK provider of Data Platform Managed Services’ and the UK’s leading Oracle Platinum Partner.
Disruption in financial services: The need for new strategies
Technology is causing beyond recognition disruption in the financial world. Non-traditional players and agile challengers are gate-crashing the market in increasing numbers. As they do, they are re-shaping, elevating and then satisfying new customer expectations.
45% Boost to growth
The cloud drives the competitive advantage. Industry studies find that companies adopting cloud computing, on or off premise, experience 45% higher growth than companies that don’t.
Flexible infrastructure capacity
The fundamental question before embarking on any sort of cloud strategy – total, partial, private or public – is what can it do for your business? The Cloud Security Alliance conducted a global survey in March 2015 to explore strategies and motivations among financial organisations.
The top business reasons for cloud adoption were:
Can you afford not to?
Banks moving to cloud services are finding that they can reduce their budget spend on IT infrastructure from 75% to 26% and reduce the time taken to procure a new server from a few weeks to 90 minutes.
"Reduced total cost of ownership, reduced time to market and increased infrastructure flexibility are some of the key reasons Finance organisations are moving into the cloud."
"Tier One institutions are very much focused on reducing costs, getting to market faster, whereas the Tier Two and Three banks want to roll out services like trade finance that they wouldn’t be able to do alone."
"Today, it’s far easier for us to say ‘yes’ to a new request from executives. Now we are quite fleet of foot: we can scale up or down easily and transparently control the cost. It was critical that any solution had the ability to cope with increased demand and sharp rises in requirements without over-committing on the underlying server infrastructure. Any solution that dsp recommended had to have the ability to rapidly adjust, without excessive upfront cost."
"Digital transformation touches every function within business and demands end-to-end process integration. According to Sunday, many companies are not interested in incremental improvement—instead they want complete integration across the entire enterprise to transform their business."