With Cloud Banking, your company will gain a competitive advantage.
It’s known as the Future.
Cloud Banking will transform financial services in the future. It will minimise IT expenses, boost transaction speed, and expedite innovation adoption. Ultimately, cloud banking will enable financial institutions to provide more personalised, fast, and tailored client service. This level of service can only result in a distinct advantage for your bank.
Advantages at a Glance – Listed below are some of the advantages of using our Cloud Banking service.
With our specialised, sophisticated managed services, you will experience quick value-driven results.
A single SLA makes doing business with us straightforward (up to App layer).
You get the advantages of a specialised Banking Centre of Excellence (CoE). On call 24/7.
More than 2,000 cloud specialists and more than 1,050 certified public cloud professionals provide the highest levels of service.
Cloud Banking provides your organization with exceptional adaptability, scalability, and a platform for quick innovation.
In the past, adopting infrastructure modernization, application modernisation, and data modernization across your whole ecosystem was a daunting endeavour. In the majority of instances, their attempts would encounter several obstacles, resulting in delays and concessions.
However, this is not the situation now.
CDWT assists banks of all sizes in delivering innovative cloud-based solutions, which may speed up your enterprise's business transformation. Utilizing cutting-edge technology, we assist your firm in being more agile and customer-centric.
As customer expectations alter in this rapidly developing environment, particularly in light of the pandemic and the resulting change in consumer behaviour, establishing a solid digital ecosystem has become a major concern for many financial institutions.
In fact, Deloitte performed an IT decision-maker survey (which included managing directors, C-Suite executives, chief information officers and chief executive officers).
It revealed some shocking banking sector statistics:
60%
plan to boost cloud spending
51%
of respondents stated their companies would boost spending on cloud-based tactics such as data analytics.
40%
anticipated a rise in automation investment
43%
anticipated a rise in AI investment.
Your bank may still be assessing the benefits and drawbacks of shifting to the cloud.
The following “use cases” will assist your key stakeholders in making a choice.
Even though cloud computing is the future, many institutions are still weighing the benefits and drawbacks of making the transition.
We are here to assist. We have an extensive archive of applicable use cases to provide you with the weapons you need to advance your digital transformation initiatives. CDWT’s established banking practise is comprised of various subject specialists with unparalleled cloud expertise.
In its pursuit of digital transformation, your bank encounters several obstacles.
CDWT assists you in overcoming them.
CDWT has your back whether you need to minimise time to market, bring a branch online, introduce new goods, or implement a customer relationship management system. Our cloud banking solutions enable you to perform the following:
- Speed to market
- Reduced Revenues and Rising Expenses
- Disparate Data/Data Silos
- Customer Expectations about Customization
- Innovation versus Compliance Norms and Regulation
- Enhanced Data Breach Danger and Security Concerns
- Waterfall Construction and Lack of Cost Management
Services – How CDWT ensures a risk-free transition to cloud banking.
Moving to the cloud can be a frightening endeavour. Consequently, CDWT has advisors that can assist you with all aspects of the shift. We provide sophisticated evaluation services to guarantee that your transition to the cloud is as simple, efficient, and cost-effective as possible. We provide assistance with your infrastructure as-is report, security and compliance, business continuity, business process gap analysis, and mitigation strategy. At every stage, our team of specialists provides the optimal solution for you.
Dependency-based Assessment
Industry-leading Migration Strategy
Reference Architecture for Banking
High Performance Environment
CDWT NexGen Approach to Cloud Adoption
- Workload Migration
- Database Modernization
- DevOps Services for Banks
- Kubernetes as a Service
- Bank in a Box
Workload migration affects the whole IT environment of your bank. To effectively migrate to the new IT infrastructure, cloud migration must be meticulously planned, created, and implemented at each level. Our worldwide expertise will assist you in transitioning to three areas with improved efficiency.
- Infrastructure
- Data and application
- Cybersecurity
The data footprints of leading businesses, such as yours, increase annually by multiples of two. As a result, they want to simultaneously lower costs, take advantage of novel kinds of big data, and have increased flexibility in data analysis with the help of AI and ML algorithms. All of these are attainable via data modernization. In other words, the transfer of data from old databases to cloud-based databases.
- Skill and familiarity with Public Cloud platforms
- CDWT Migration factory allowing for Data migration
- Military-grade data security for sensitive information
- Methodology for migrating with no downtime
- Complex and Large-scale migrations
- A three-pronged migration strategy to guarantee Data integrity
If your bank wants to remain competitive, it must adopt a DevOps deployment methodology. This will provide you additional flexibility and expedite your time to market. CDWT DevOps may assist your bank in accelerating the release process by automated testing and deploying new versions of application code in real time.
- Test, Code, Vulnerability assessment, and Production DevOps
- SysOps and CloudOps
- Database Management
- Compliance and Security - DevSecOps
- Archiving and Replication
Banks must keep up with ever-changing client expectations via real-time hyper-personalization, immediate scalability, and security problems, none of which can be met with on-premise systems. Containerization is secure because apps and data are 'contained' inside a task and are not accessible until made so; other containers cannot be affected. Kubernetes' container-based orchestration environment gives a great deal of flexibility in designing a bank's cloud environment, whether in the public cloud, private cloud, or hybrid cloud.
CDWT's Kubernetes as a Service enables your bank to build, operate, and manage cloud applications across numerous environments. Which provides agility and dependability in an on-premises setting. In addition, it enables quick deployment, application updates, and optimal resource use.
Bank-in-a-Box was developed by CDWT in collaboration with top core banking and digital banking application suppliers. This provides a single point of responsibility for SLA at the login screen. The cloud architecture is designed to meet the stringent requirements for security, compliance, availability, and scalability, allowing banks to deploy their products quicker and accelerate their digital transformation path.
- Locally hosted in 25+ countries
- Highly protected private cloud platform
- Comprehensive security with 40 or more controls and 26 or more security instruments
- Conformity with sovereign laws
- Single SLA supplied upon login to the application
- Flexible price model per branch, per transaction etc.
- 24x7 proactive support & surveillance
- Integrated scalability to accommodate traffic surges
- Regulatory-compliant security stack, industry-specific
- Managed Services for Hybrid Cloud
- Compliance as a Service
- Threat & Vulnerability Management
- Kubernetes as a Service
CDWT AIOps managed services enhance real operations management for improved performance, billing, security, and availability by combining AI, ML, and analytics. We provide seamless Auto Remediation, Auto KMDB, Data Sovereignty, and Fraud Detection solutions.
- Security
- Applications
- Compliances
- CloudOps
- Recovery and Replication
CDWT can assist your bank in accelerating the security and compliance process by developing a complete compliance roadmap and providing you with the required KPIs for people, process, and technology. CDWT will assist you in adhering to the following significant compliances and standards:
- RBI Compliance
- GDPR Conformity
- IRAP
- Compliance with the Monetary Authority of Singapore (MAS)
- Compliance with Saudi Arabian Monetary Authority (SAMA)
- Bank Negara Malaysia Compliance
- ASV PCI-DSS Scanning
Continuous vulnerability and misconfiguration discovery is a component of the CDWT Threat Detection and Vulnerability Management system. Based on the business context and ever-evolving dangers, threats are prioritised. During incident investigations, the solution helps identify machine-level vulnerabilities.
- Automated enrollment
- Detailed inspection of the machine
- solitary pane of glass
- Cloud-based SIEM
- Superior SOAR capabilities (Ex: Azure Sentinel)
Banks must keep up with ever-changing client expectations via real-time hyper-personalization, immediate scalability, and security problems, none of which can be met with on-premise systems. Containerization is secure because apps and data are 'contained' inside a task and are not accessible until made so; other containers cannot be affected. Kubernetes' container-based orchestration environment gives a great deal of flexibility in designing a bank's cloud environment, whether in the public cloud, private cloud, or hybrid cloud.
CDWT's Kubernetes as a Service enables your bank to build, operate, and manage cloud applications across numerous environments. Which provides agility and dependability in an on-premises setting. In addition, it enables quick deployment, application updates, and optimal resource use.
Every sort of financial institution may profit from cloud banking.
Regardless of the size of your bank, the business models you’ve embraced, or the business frontiers your companies have adopted, CDWT provides advantages to everybody.
Cooperative and Credit Union Banks
You have access to bank-grade technology without the complexity associated with it.
Traditional Banks
You can accelerate innovation, improve return on equity, and refocus on customers.
Microfinance/NBFC Institutions
Your organization is liberated from the burdens of infrastructure maintenance, upgrades, backups, and disaster recovery thanks to cost-effective scalability.
Game Changer Banks and Banks in Emerging Markets
You get a quicker time to market while avoiding the strain of maintaining complicated IT systems.
Cloud Banking – FAQ’s
In addition, it helps optimise infrastructure expenses.
Globally, cloud service providers such as CDWT provide preconfigured cloud environments to fulfil the unique requirements of the BFSI industry.
Lower TCO and operational efficiency are important advantages of cloud banking.
A cloud infrastructure provides quick vertical and horizontal scaling.
In an effort to reduce time to market and fulfil customer experience standards, bank executives are reaching out to cloud service providers for public cloud, private cloud, and multi cloud settings.
Cloud solutions such as DevOps, Automation, Security, Compliance Backup, and Replication have resulted in enhanced company efficacy by delivering real value.
With a robust cloud strategy, consumer insights may be leveraged to enhance service delivery and generate income for the banking industry.