The Business Value of Cloud in Financial Services

Financial services companies, across the banking, insurance, and capital markets segments, are continuing to shift key components of their IT infrastructure to the cloud, and they increasingly depend on cloud technology infrastructure to operate back-office processes and directly serve customers. 

To understand more about the business value obtained from the adoption of cloud services, research conducted by GLG, surveyed 100 business and technology leaders in financial services companies that utilized Amazon Web Services (AWS).

Migrating to cloud services resulted in: 

  • 29% average reduction in cost of customer acquisition 
  • 39% average reduction in costs associated with fraudulent transactions 
  • 40% average reduction in the time to market for new products

 

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