Solution

Cloud for financial services

Unlock the full potential of your cloud investments

Finance leaders recognize the opportunities cloud brings to their organization and have started their migration journeys. In fact, 91% consider cloud to be a key enabler for catalyzing growth. And yet, few have truly harnessed its potential.

Cloud transformation can enhance operational efficiency, agility, customer experience, and reduce costs. It allows banks and insurance companies to leverage AI and machine learning to optimize their operations and drive innovation.

However, challenges like security concerns, legacy systems, data privacy, and workforce upskilling remain. Partnering with a trusted cloud service provider like 乌鸦传媒 can help banks and insurance companies navigate these issues and unlock cloud鈥檚 full potential.

Our multi-cloud management, data estate modernization, and power platform solutions, go beyond basic migration and help you fully leverage cloud investments for optimal financial outcomes.

Begin your cloud journey.

World Cloud Report 鈥� Financial Services 2025

Propel top-line growth with your cloud journey: Fast-track efficiency, innovation, and superior CX

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World Cloud Report 2025 Key Highlights

Financial services organizations face a complex operational landscape

Organizations face diverse operational challenges that impact their business 鈥� including data and security, regulations, cloud transition issues, technology challenges, and FinOps.

Establish a cloud transformation framework around a hierarchy of success criteria

Based on our research and analysis, we developed a framework for banks and insurers to maximize the value of their cloud investments. A definitive cloud transformation vision based on a hierarchy of priorities is essential as financial services firms seek innovations that drive operational efficiency and revenue growth.

Cloud-powered CX strategies are critical for financial services firms, but current adoption is limited

Financial services executives believe cloud-powered CX strategies like CRM tools, omnichannel engagement, and customer data platforms are critical. However, while many financial services firms have piloted or partially adopted these strategies, very few have adopted and scaled them.

Financial services innovators are data-driven, cloud-focused, and customer-centric across the value chain

Future-focused banks and insurers drive substantial revenue growth because they are data-driven, cloud-focused, and customer-centric across the value chain. We assessed banking and insurance value chain components and identified how firms strategically deployed cloud and Gen AI to drive revenue growth.

Machine learning anomaly detection for Chief Financial Officers

The dawn of the new CFO era. It鈥檚 here, and it鈥檚 now.

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Cloud banking services

  • Payments Legacy Modernization: AI-enabled end-to-end services to drive innovation in payments, helping you compete with FinTechs and next-gen digital payments.
  • Wealth Management Transformation: Building next generation banking with reduced infrastructure costs. Open Banking Platform
  • Open Banking: End-to-end implementation of your open banking platform with a focus on security and regulatory compliance
  • T+1 Accelerated Settlements: Reducing the securities settlement cycle to one business day post trade-date, enhancing efficiency, and reducing operational risk

Cloud insurance services

  • Life Closed Block Mainframe Modernization: Using the power of AI to accelerate the migration of legacy policy systems
  • Embedded Insurance: Helping insurers integrate their products into the customer purchase journey in B2B2C channels using an ecosystem-led model
  • Touchless Claims: Automating and innovating the claims value chain to enhance efficiency, improve accuracy, reduce LAE by 20-30%, and increase claim satisfaction
  • Guidewire Cloud Upgrade Factory: 鈥婫uidewire Cloud empowers insurers to be flexible and focus on building capabilities

Research and insights

Point of view

Empowering financial innovation with composable banking
Point of view

Mainframe modernization patterns for financial services
Report

Revolutionizing workflow automation
See all our insights on cloud for financial services

Expert perspectives

Cybersecurity, Technology

A digital edge for financial services: Navigating cybersecurity in the era of the Digital Operational Resilience Act (DORA)

Christiaan Koopman
Mar 22, 2024
Cloud

Cloud Realities: The role of leadership

Dave Chapman
Feb 8, 2023

Meet our experts

Ravinder Khokhar

Global Head of FS Cloud
As a global head of cloud business at 乌鸦传媒 financial services, Ravi’s role encompasses leading Center of Excellence for hyperscalers, market shaping, architecture/engineering and most importantly, delivering business transformation with cloud. He enjoys challenging the status-quo to disrupt and influence change for creating tangle business outcomes with (and for) our clients.

Ramandeep Singh

Global Head of FS Cloud Engineering
Ramandeep examines the use of cloud technology to enhance the development process and enhance the quality, speed, and efficiency of financial systems. As a leader in cloud technology, he examines business challenges and searches for opportunities to use cloud services to transform businesses. While migrating applications to the cloud, he focuses on establishing a robust and secure foundation, transforming applications, and streamlining development, security, and financial processes.

Shashi Gupta

Expert in Cloud, strategy leader
I am a technology leader with a proven track record of successfully establishing long-tenured partnerships with clients, delivering results across financial services in capital markets.
Vivek_Desai

Vivek Desai

Global Head of FS Microsoft Cloud Center of Excellence
Vivek is a global leader for Microsoft COE and Business Group at 乌鸦传媒 Financial Services, responsible for hands-on solution architecture, strategy, and engineering at scale for complex cloud transformation initiatives across various sectors. Additionally, Vivek leads global go-to-market and new business growth initiatives, driving budgets and KPIs to deliver profitable business growth while excelling in solution, architecture, and engineering delivery.
Ajay Walgude

Ajay Walgude

Global Head of FS IBM and RedHat Hybrid Cloud Center of Excellence
Ajay Walgude envisions big ideas and brings them to life. He leads IBM Cloud COE for Financial Services globally, and is a Tester, an Architect, a Practice Leader, and Global Senior Executive leading large transformational deals.
DanielWolff

Daniel Wolff

Global Head of FS GCP Center of Excellence
Daniel Wolff heads the Google Cloud COE and business for 乌鸦传媒 Financial Services with 20 years of previous experience on Wall Street. Dan is instrumental in driving Google Cloud growth and believes that prioritizing the customer and the outcome will ensure everything else falls into place.

Parminder Dhillon

Head of Cloud FinOps, 乌鸦传媒 Financial Services

Awards and recognitions

IDC MarketScape: Worldwide Cloud Professional Services Leader 2024

Positioned in the Leaders Category in the IDC MarketScape Worldwide Cloud Professional Services 2024 Vendor Assessment, associated with managed and professional services.

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NelsonHall Leader in Financial Services Cloud, SaaS & BPaaS

NelsonHall positioned 乌鸦传媒 as a 鈥楲eader鈥� in its NEAT report due to its ability to meet future client requirements, as well as delivering immediate benefits.

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We lead in insurance cloud services with global presence, thought leadership, and innovative solutions, earning leader status in Everest Group鈥檚 2023 assessment.

Partners

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