Cloud Strategies in the Investment Banking Industry

In recent years, the investment banking industry has been undergoing a significant digital transformation. One of the most disruptive forces in this shift has been the adoption of cloud computing technologies.

As investment banks continue to navigate the complex regulatory and competitive landscape, cloud strategies are becoming an essential part of their business models.

Why are Investment Banks Adopting Cloud Strategies? (Some misconceptions)

1. Cost savings: By moving operations to the cloud, investment banks can significantly reduce costs associated with maintaining on-premises data centers, hardware, and software resources. HOWEVER, the company will realise that they somewhat can’t reduce the cost significantly nor reduce the size of on-premises (Physical Data centre) as 1) moving legacy system is too risk & critical as impacting the business as per its risk of outage and data loss 2) no time, no resource, lower priority 3) regulatory, compliance, collocation issues.
2. Scalability: Cloud computing allows investment banks to scale their infrastructure and resources rapidly, making it easier to respond to market demands and fluctuations. This is definitely beneficial as indeed many investment companies don’t have regional resiliency maybe 1–2 regions only while the public cloud can provide as much as the customer needs.
3. Agility: Cloud-based solutions provide investment banks…