“If it ain’t broke, don’t fix it” can be a practical attitude for many things. So it’s not a surprise that many financial institutions have this attitude about migrating to the Cloud. The common refrain is, “We have no issues, so why make a move to the Cloud?”

However, many organizations now see the cloud as the key to modernization. Efficiency gains and cost savings are key drivers for this change. Today, organizations are facing greater shareholder pressure for faster growth and higher margins. At the same time, traditional and non-traditional competitors make agility necessary to survive. Cloud can be employed as a business asset to transform and reshape operating models, products and services, and customer experience.