State of Application Services 2020: Financial Services Edition

The financial services industry continues to demonstrate technology leadership by implementing the newest technology available, challenging technology providers to offer business solutions that deliver on the promise of digital trust. We heard from banking and financial services professionals on the trends shaping the application landscape and how organizations are transforming to meet the evolving demands of the digital economy. 

Our key findings:

  • Financial services organizations are executing on digital transformation—with an increasing emphasis on accelerating speed to market.
  • 87% of financial services organizations are multi-cloud, and all use app services to build digital trust.
  • Financial services organizations are implementing open banking and deploying API gateways to deliver innovation.
  • 81% of financial services organizations deploy a web application firewall.
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