The past 18 months have seen financial institutions get serious about public cloud use. It’s possible the pandemic led firms to accelerate their digital financial services initiatives on the business, risk management, and compliance sides in order to stay competitive.

The good news is that this forced focus has pushed cloud-based initiatives forward. Though as financial institutions advance their cloud strategies, they are advised to learn to walk before they run. Pacing these changes is recommended so as not to invite unneeded costs, operational disruption, customer friction—or increased exposure to cyber risk.

As your organization transforms existing external-facing services, you’ll want to balance the need to innovate with the risks involved in moving quickly. A clear strategy to ensure reliable, secure service architectures is key to that balance.

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