October 20156Copyright © 2015 Valley Media Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof. OCTOBER - 2015Mailing AddressValley Media Inc.44790 S. Grimmer Blvd Suite 202, Fremont, CA 94538T:510.402.1463, F:510-894-8405 OCTOBER - 2015, volume 01 - 08 Published by Valley Media Inc. To subscribe to Banking CIO OutlookVisit www.bankingciooutlook.com Editorial StaffSalesT:510.556.2627 CLOUD BANKING SPECIALAaron PierceAva Garcia Michelle WilsonAlex D'SouzaJenna VagesSandeepa MajumdarAlwyn Thomasalwyn@bankingciooutlook.comVisualizerStephen ThomasVian IsaacManaging EditorJames RobertsonTraditionally, financial services firms have been more cautious than other industries about adopting cloud services. With regulatory concerns and fears around data security, cloud was something that was not in the mind of many CIOs in the sector. But the scenario has changed. Today, it's becoming increasingly clear that it's just a matter of time before all financial institutions move their technology to the cloud.The cloud offers many advantages for banks, starting from the ability to respond quickly to changing market, customer, and technological needs. It gives them the agility and flexibility to embrace new services and channels in line with consumer needs. This further makes new products and services easier to develop and launch, while eliminating the procurement delays for hardware and software.As banks tentatively look to move more functions to hosted environments, perhaps one of the most natural to bring to the cloud is payments. Processing payments in the cloud will not only speed up the workflows, but will also allow banks to conduct real-time analysis of customer payments, which will be a true game changer. This real-time payments analytics can influence and change a bank's interaction with their customers.While cloud enables banks to run different types of services including websites, mobile applications, and retail banking platforms, the varied demands necessitate banks to choose from different types of clouds--such as private clouds for the more sensitive data, and public clouds to store other information. Of late, banks are considering a hybrid model that combines the two. In this scenario, there are a multitude of solution providers in the market that help banks embrace the full potential of cloud. In this edition of Banking CIO Outlook, we present you 10 Most Promising Cloud Banking Solution Providers. Hope this list will help you while you optimize your technology investments and deploy new capabilities.Editorial"Cloud-Powering" the TransactionsJames RobertsonManaging Editor editor@bankingciooutlook.com
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