Moving to cloud computing in financial services

Local contact

Fabio Colombo

Will the use of SaaS (Software as a Service) poses an opportunity or a challenge to your business?

Cloud computing and cloud adoption are currently the most discussed topics beside Cybersecurity, not only focusing on challenges and risks but also considering opportunities, supporting the business to remain competitive in a transformative age. Cloud adoption and especially the SaaS model enables several new opportunities such as improving time to market, reducing costs, increasing flexibility and operational efficiency (no need for patch management, no need for IT-Infrastructure security management) as well as easier adoption of analytics and data sharing.

However, the flipside of the coin is that certain risks such as vendor dependency, vendor lock-in or non-availability might impact the resilience of the business. SaaS related risks must be considered, identified and assessed at an early stage and properly addressed to ensure business resilience.