Majority of Banks and Insurers Struggle to Maximize the Value From Their Cloud Investments [Yahoo! Finance]
CAPGEMINI SE UNSP/ADR (CGEMY)
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Source: Yahoo! Finance
Most banks and insurers adopt cloud solutions with the primary objective to drive operational efficiency (84%) Protecting customer data and maintaining privacy is a challenge for the industry PARIS, November 14, 2024 BUSINESS WIRE The Capgemini Research Institute's World Cloud Report for Financial Services 2025 , published today, reveals a clear divide between how traditional and new-age financial institutions view their cloud technology investments. Most banks and insurers adopt cloud solutions with the primary business objective to drive operational efficiency (84%), while fintechs and insurtechs are pursuing cloud to accelerate sales (62%). The analysis further suggests only 12% of financial services organizations can be considered ‘cloud innovators' Financial institutions are facing a challenging environment, ranging from data collection and management inefficiencies, cybersecurity gaps, regulatory complexities, to evolving customer expectations. According to the report ban
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