Cloud

SaaS Cloud Computing: A Fast Track to Application Modernization for Banks

Date Added: Sep 2011
Format: PDF

This briefing document describes key considerations and best practices that help global financial institutions get the value and performance they need from Software as a Service cloud computing. In a challenging economy, financial institutions are under intense pressure to grow their top lines and reduce costs. For bank CIOs, this means finding more cost-effective IT delivery methods that also support the rapid creation of innovative new services. As CIOs increasingly become consumers rather than providers of IT, cloud computing and especially Software as a Service (SaaS) is a compelling delivery alternative by providing on-demand access to IT services at a lower cost.