{"id":23853,"date":"2021-12-07T06:48:28","date_gmt":"2021-12-07T11:48:28","guid":{"rendered":"https:\/\/devopsnews.online\/?p=23853"},"modified":"2021-12-07T06:48:28","modified_gmt":"2021-12-07T11:48:28","slug":"apac-financial-institutions-to-be-moving-to-the-cloud","status":"publish","type":"post","link":"https:\/\/devopsnews.online\/apac-financial-institutions-to-be-moving-to-the-cloud\/","title":{"rendered":"APAC financial institutions to be moving to the cloud"},"content":{"rendered":"<p>Banks and financial services companies in the Asia-Pacific region have started to accelerate their use of cloud computing and data analytics.<\/p>\n<p>Indeed, APAC financial institutions are transforming their businesses through new customers offerings empowered by data analytics, artificial intelligence and advanced back-office digitalisation. These rapid transformations were enabled by cloud computing as it has increased their ability to transfer a significant amount of financial activity to the online environment.<\/p>\n<p>The shift is expected to become the new normal as\u00a0public cloud spending by financial institutions in the Asia-Pacific region will reach $18.1bn in 2024 according to IDC. Similarly,\u00a085% of the leading banks in the region will curate an infrastructure strategy by 2023 through coalescing on-premise or dedicated private clouds and multiple public clouds.<\/p>\n<p>However, APAC financial institutions are still facing many challenges in their cloud journey as they have to modernise their legacy infrastructure and are trapped in multiple data silos. It was recommended that they approach cloud suppliers to solve their infrastructure issues from the start.<\/p>\n<p>Another problem might also be the cost of moving to the cloud. Large companies that have a high dependency on legacy IT will have higher costs of migrating to the cloud.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Banks and financial services companies in the Asia-Pacific region have started to accelerate their use of cloud computing and data analytics. Indeed, APAC financial institutions are transforming their businesses through new customers offerings empowered by data analytics, artificial intelligence and advanced back-office digitalisation. These rapid transformations were enabled by cloud computing as it has increased&#8230;<\/p>\n","protected":false},"author":123458,"featured_media":23854,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"content-type":"","pmpro_default_level":"","footnotes":""},"categories":[3352,3239],"tags":[1361,70,3065],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>APAC financial institutions to be moving to the cloud - DevOps Online North America<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/devopsnews.online\/apac-financial-institutions-to-be-moving-to-the-cloud\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"APAC financial institutions to be moving to the cloud - DevOps Online North America\" \/>\n<meta property=\"og:description\" content=\"Banks and financial services companies in the Asia-Pacific region have started to accelerate their use of cloud computing and data analytics. Indeed, APAC financial institutions are transforming their businesses through new customers offerings empowered by data analytics, artificial intelligence and advanced back-office digitalisation. These rapid transformations were enabled by cloud computing as it has increased...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/devopsnews.online\/apac-financial-institutions-to-be-moving-to-the-cloud\/\" \/>\n<meta property=\"og:site_name\" content=\"DevOps Online North America\" \/>\n<meta property=\"article:published_time\" content=\"2021-12-07T11:48:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/devopsnews.online\/wp-content\/uploads\/2021\/12\/luca-bravo-bTxMLuJOff4-unsplash.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"427\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Yashesh Patel\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@DevOpsAmerica\" \/>\n<meta name=\"twitter:site\" content=\"@DevOpsAmerica\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Yashesh Patel\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/devopsnews.online\/apac-financial-institutions-to-be-moving-to-the-cloud\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/devopsnews.online\/apac-financial-institutions-to-be-moving-to-the-cloud\/\"},\"author\":{\"name\":\"Yashesh Patel\",\"@id\":\"https:\/\/devopsnews.online\/#\/schema\/person\/1183cef5fa13624c55f3faf81f391435\"},\"headline\":\"APAC financial institutions to be moving to the cloud\",\"datePublished\":\"2021-12-07T11:48:28+00:00\",\"dateModified\":\"2021-12-07T11:48:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/devopsnews.online\/apac-financial-institutions-to-be-moving-to-the-cloud\/\"},\"wordCount\":206,\"publisher\":{\"@id\":\"https:\/\/devopsnews.online\/#organization\"},\"image\":{\"@id\":\"https:\/\/devopsnews.online\/apac-financial-institutions-to-be-moving-to-the-cloud\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/devopsnews.online\/wp-content\/uploads\/2021\/12\/luca-bravo-bTxMLuJOff4-unsplash.jpg\",\"keywords\":[\"APAC\",\"Cloud\",\"cloud migration\"],\"articleSection\":[\"Cloud\",\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/devopsnews.online\/apac-financial-institutions-to-be-moving-to-the-cloud\/\",\"url\":\"https:\/\/devopsnews.online\/apac-financial-institutions-to-be-moving-to-the-cloud\/\",\"name\":\"APAC financial institutions to be moving to the cloud - 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