THE HYBRID CLOUD FUTURE AND THE ROLE OF APPLICATION MODERNIZATION Financial Services Executive Summary


External technology innovation and new market entrants are forcing incumbents to rethink where and how they source and deploy technology. The technical flexibility of cloud deployment is enabling financial institutions to more rapidly introduce new products and services to attract, grow, and retain customer relationships. At the same time, external ecosystems of business partners and solution providers are evolving, such as cloud hosting providers verticalizing their offerings for the financial services industry.