Cloud technology could contribute over $1 trillion in EBITDA to the world's top 500 companies.
Financial institutions must be aware of three primary forms of cloud services: public cloud, hybrid cloud, and private cloud.
Notable trends in cloud computing include the liberation of financial firms from non-core operations, adoption of agile capabilities, and the use of cloud-based microservice architecture.
Cloud computing has transformed the financial services sector, making processes more convenient, cost-effective, and secure.