Cloud Transformation in Financial Services Sector

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Successful transformations built on cloud solutions

The financial services sector is undergoing a significant shift from traditional, on-premise IT infrastructure and systems to more agile cloud-based solutions. This transition requires well-planned approach and strategy. When executed efficiently, cloud technology can be a catalyst for enterprise business transformation—and a potential game-changer for how financial services organizations operate in the future.

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Unleash cloud's potential in the financial services sector

Customer-centricity is currently a major focal point for financial institutions. A key element for success in this journey is data — an integral and strategic asset that shapes business strategies, elevates customer experiences, and drives operational efficiency. 

Cloud technology emerges as a highly advantageous solution for managing data, due to its scalability, cost-effectiveness, and versatile integration capabilities. The adoption of cloud not only accelerates the realization of customer-centric objectives but also propels productivity and stimulates innovation within the financial services sector.

What tangible value can cloud solutions truly deliver, and how can a cloud transformation project be executed with optimal efficiency? In the new podcast mini-series, 'Cloud unleashed', Deloitte's cloud and financial services industry professionals Lilli Saarinen and Jaakko Kontiainen discuss this as they explore the untapped potential of cloud technologies.
 

Cloud unleashed podcast

Successful transition to cloud can be achieved with the right partner

Cloud is a fundamental technology approach for organisations to create efficiencies, innovate and develop new products, services or businesses. Tapping into the power of cloud to deliver new products or services requires rewiring the operating model.

Our extensive industry expertise and end-to-end cloud capabilities enable us to analyze financial services organizations from every angle. Collaboratively, drawing on our industry insights, we can transform the pace of change and technology from a potentially daunting challenge into a valuable companion and a formidable ally for your organization.


Our services include:

  • Program and results management
  • Global center of excellence for cloud capabilities
  • Operational excellence
  • Application migration and modernization
  • Workforce and operating model
  • Data and AI cloud analytics
  • Risk management and cyber security
  • Regulatory compliance

Major bank reinvents its lending system in the cloud

A large European bank worked with Deloitte on its new cloud-based Digital Lending System to define the characteristics the technology itself would need to meet its mission.

Case study

Roadmap: cloud transformation of the banking industry (multidimensional reality) — where do you stand?

Thinking about cloud transformation? Contact us

Integrated Microsoft technology services — Azure cloud

Deloitte helps clients harness their technology to achieve desired outcomes and drive value. If Microsoft technology is a part of your journey, we can help you convert its capabilities into business advantage. We take a holistic and objective view of how technology affects every aspect of your business—strategy, operations, people, and more. With our platform knowledge, end-to-end services, leading practices, and global talent, we build teams with the right skills to define, implement, and scale solutions—from modernizations to business transformation.

Cloud: A foundation for business transformation in Financial Services

Deloitte’s Global Financial Services Digital Transformation leader, Michael Tang, shares his views on how cloud can be positioned as a foundation for business transformation in financial services.

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Financial Services Consulting & Advisory

Cloud Transformation with Deloitte

At Deloitte we see how cloud puts advanced technologies at the heart of your business, how it forces you to rethink the meaning of value and the measure of performance, how to have it up and transforming the way you work faster than you imagined and in ways you never considered.