How will the fourth digital revolution affect today’s banks, financial institutions and insurance companies? The beginning of this digital change has been solutions such as Internet Banking, Swish and BankID or global revolutions like Bitcoin and “crowdfunding”.
Customers and authorities set extremely high standards on information security and compliance of large banks, finance and insurance companies, which have created well-established processes and lockdown systems with complex IT legacy. This is challenges that many IT organizations are experiencing, at the same time they know that change and flexibility is needed to survive.
Today you will find most answers to these demands in modern cloud solutions of the so-called “hyper-scale cloud” providers. Where cloud solutions once were forbidden or legally difficult, most question marks now is clarified. In fact, today’s cloud solutions are often safer than existing IT solutions, and at the same time cloud solutions meet the stringent demands of these companies.
One thing we do know at Altitude 365, and it is that the Scandinavian big companies are moving towards the cloud and so far we have been involved in helping a number of them. At the same time, we understand the challenges that arise in the context of cloud solutions – therefore we have helped to create processes and regulatory framework to make cloud services available.