As customer interactions become digital by necessity and as mandatory remote working become “normal,” public cloud adoption and migration has moved to the top of banking institutions’ C-suite agendas. In a world where business disruption is the rule and not the exception, banks need IT environments that are optimized to support change. Public cloud offers a range of cost, agility and efficiency benefits, but it’s not just about technology. Cloud can help banks with both the business and IT transformations needed to lean into the shift to a digital economy and respond to disruptive shocks such as the global coronavirus pandemic. But security, regulatory, and organizational challenges must be overcome to ensure strict compliance frameworks are met.
- Melanie Posey, Research Director, Cloud & Managed Hosting Transformation, 451 Research
- Julian Schmücker, Senior Policy Adviser – Innovation & Cybersecurity, European Banking Federation
Technical papers and reports:
EUROPEAN BANKING FEDERATION
- The use of cloud computing by financial institutions
- Cloud exit strategy – Testing of exit plans
- EBF Cloud Banking Forum: Outsourcing Register cloud specific guidance
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Research Director, Cloud & Managed Hosting Transformation
Melanie Posey is the Research Director for the Cloud & Managed Services Transformation at 451 Research, a part of S&P Global Market Intelligence. In addition to managing the research team, she focuses on analyzing the evolution of enterprise IT through the lens of cloud and the associated transformation of IT consumption and delivery models. Melanie also manages 451 Research’s Voice of the Enterprise: Cloud, Hosting & Managed Services offering. Prior to joining 451 Research, Melanie spent more than 15 years at IDC in a variety of roles, providing analysis, forecasting and insight for the cloud, hosting, datacenter, managed services and telecommunications markets. At IDC, Melanie received numerous awards for research, collaboration, sales support and client service, including being named runner-up for the prestigious James Peacock Memorial Award.
Senior Policy Adviser – Innovation & Cybersecurity, European Banking Federation
Being a lawyer focused on EU law, he collected extensive work experience as a policy advisor in different industry associations, representing the financial sector. Starting in Berlin and moving to Brussels, he followed the digital transformation in banking, advancing his portfolio from traditional retail issues to digital topics.
Today, his dossiers at the European Banking Federation include cloud computing, crypto-assets and online platforms. Organizing the EBF Cloud Banking Forum – a policy hub for European banks, Cloud Service Providers and EU observers – he helps to shape and voice the positions of European banks on cloud.
News Desk Manager – European financials, S&P Global Market Intelligence
Ben Meggeson is head of S&P Global Market Intelligence’s EMEA financials news team. Having joined the London bureau of SNL Financials (before its acquisition by S&P Global) in 2008, Ben has been reporting and editing award-winning financial sector-focused news for audiences on both sides of the Atlantic.
A British citizen, with an MA in English Literature from Edinburgh University, Ben is currently based in The Hague.
S&P Global Market Intelligence
S&P Global Market Intelligence integrates financial and industry data, research and news into tools that help track performance, assess credit risk, understand competitive and industry dynamics, generate alpha, identify investment ideas, and perform valuation. S&P Global Market Intelligence is a division of S&P Global (NYSE: SPGI). For more information, visit www.spglobal.com/marketintelligence. Twitter handle: @SPGMarketIntel
European Banking Federation
The European Banking Federation is the voice of the European banking sector, bringing together national banking associations from 45 countries. The EBF is committed to a thriving European economy that is underpinned by a stable, secure and inclusive financial ecosystem, and to a flourishing society where financing is available to fund the dreams of citizens, businesses and innovators everywhere.
European Banking Federation
The European Banking Federation is the voice of the European banking sector, bringing together national banking associations from across Europe. The federation is committed to a thriving European economy that is underpinned by a stable, secure and inclusive financial ecosystem, and to a flourishing society where financing is available to fund the dreams of citizens, businesses and innovators everywhere.
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