Financial Services and the Cloud: Staying in Control
Moving to a pay-per-use model
Like in other industries, an important objective for the financial services industry is to move from high fixed costs to a pay-per-use model. The use of IT, by clients’ employees and customers alike, is volatile. And because clients have to base their IT needs on peak usage, their systems are, on average, underused. So clients are looking for pay-per-use services that can handle the peaks and troughs of usage and come with flexible pricing.
If clients can make the cost of these services variable, they can bring down their IT investment even more.
Banking clients are looking at new services
which aren’t available today. They can
replace their legacy systems with cloud
services so they can introduce these new
services quickly and more cost effectively,
freeing up employees to work on other
business projects.
Clients mention other business roles the cloud could deliver:
- Testing – at the moment they have to test multiple products for different distribution channels, which is costly
- Implementation – bringing in the Solvency II regime
Logica
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