Dmitry Dolgorukov is the Co-Founder and CRO of HES Fintech, a leader in providing financial institutions with intelligent lending platforms.
The 2020s are the era of the cloud. Not only are more organizations moving their infrastructure to the cloud, but over 55% say they are using multiple public clouds, according to the 2020 IDG Cloud Computing Study. And a sizable slice of companies’ IT budget (32%) is dedicated to this purpose. With purported benefits such as accessibility, ease of use and fast deployment, it’s not hard to see why businesses are drawn to this relatively new technology. But what does this mean for fintech?
Five Ways The Cloud Will Drive Fintech Into The Future
Not one to miss out, the fintech industry is capitalizing on the benefits of the cloud, helping to drive the industry’s forecasted 23.84% compound annual growth rate. But what direction will the advancement take? These are the top five ways I see that cloud technology will drive fintech into the future faster.
