Banking’s shift to cloud gathers steam as pandemic and fintechs spur faster adoption

Canada’s big banks are undergoing a migration. Faced with rising competition from startups, higher expectations from consumers and the increased digital demands of COVID-19, experts say banks are speeding up a monumental shift of operations to the cloud from legacy computer systems. The move had started before the pandemic, but the sudden closure of branches and offices in March 2020 forced banks to rely even more on online systems and prompted the acceleration, said Robert Vokes, managing director of financial services for Canada at Accenture.

Link: Banking’s shift to cloud gathers steam as pandemic and fintechs spur faster adoption
via http://www.ctvnews.ca

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