"Banks have been relatively slow to recognise the potential for new products and services offered by digital transformation and, more recently, Open Banking. Indeed, the growing popularity of challenger banks in the UK, like Monzo, N26 and Revolut, is a sure sign that banks are not innovating fast enough and that the consumer experience they offer is not where it needs to be."
Vas Kapsalis, Verne Global's Director of Deep Learning and HPC Solutions, recently wrote a blog post for Finance derivative about how cloud can bring development to financial sector. With many cloud services such as Amazon, Google and Apple having the opportunity to disrupt the financial sector while the rest of the industry plays catch up. Vas takes a look at how financial firms can capitalize on using the cloud to help them stay up to date in an ever increasing technological world.
Read the full blog here: http://www.financederivative.com/cloud-and-the-future-of-financial-services-innovation/