Mattermost themes4/25/2023 ![]() To further understand the key themes and technologies disrupting the banking industry, access GlobalData’s latest thematic research report on Cloud Computing in Banking. Under the leadership of CEO Thomas Kurian, who joined in January 2019, Google Cloud has experienced a resurgence, driven by a tighter focus on key developer technologies and important supporting acquisitions, such as Looker. ![]() ![]() Google Cloud Platform’s revamped multi-cloud management capabilities for managing rival clouds and new microservices service mesh functions are triggering interest from key infrastructure partners, including Cisco, that view the company as an alternative to AWS and Azure. Google is a leading provider of search and internet advertising services and, more recently, a viable platform services rival to AWS and Microsoft Azure. While not on par with some pure-play rivals for point offerings such as application programming interface (API) management, solutions are very capable and well enough integrated to put AWS in the top tier of platform providers. ![]() The company is widely perceived as not just the market leader in on-demand compute and storage services but as the market maker in IaaS. These include compute, storage, databases, analytics, networking, mobile, developer tools, augmented reality and virtual reality, robotics, machine learning, hybrid and management tools, content delivery, media services, customer engagement, app streaming and security, identity and compliance, and serverless computing. Understanding how companies are positioned and ranked in the most important themes can be a key leading indicator of their future earnings potential and relative competitive position.Īccording to GlobalData’s thematic research report, Cloud Computing in Banking, leading adopters include: Amazon, Alphabet, Ant Group, Mastercard, Tencent, Revolut and ACI Worldwide.Īmazon Web Services (AWS), a subsidiary of Amazon, provides a comprehensive range of cloud infrastructure and platform services. However, not all companies are equal when it comes to their capabilities and investments in the key themes that matter most to their industry. The carbon footprint of a bank’s data centres will also be reduced with a move to the cloud. Banks can use this to develop products faster and ensure that they can access technologies such as big data and AI with ease. The cloud offers unmatched scalability that can be used ad-hoc. The outsourcing of infrastructure management allows a bank’s IT team to focus on the development of new products, increasing their productivity and helping to speed up the bank’s digital transformation. By using cloud managed services, a bank can outsource its cybersecurity management at a lower cost. The cloud can offer quick and agile deployment of cybersecurity. The cloud can help banks to address these issues at a cheaper price and often quicker than the alternatives. It encompasses the provision of IT infrastructure, operating software, middleware, and applications hosted within a data centre and accessed by the end user via the internet. The future of the payments industry will be shaped by a range of disruptive themes, with cloud computing being one of the themes that will have a significant impact on payments companies.Ĭomputing delivered as an online service.
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