CLOUD ADOPTION IS ACCELERATING GLOBALLY
External technology innovation, competition from new market entrants and the need for more rapid system changes are forcing incumbents to rethink where and how they source and deploy technology. The technical flexibility of cloud deployment is enabling financial institutions to more rapidly introduce new products and services to attract, grow and retain customer relationships. However, shifting to the cloud does not mean that all systems will move there. Therefore, financial institutions will work in a hybrid cloud world for the foreseeable future.