PaymentsJournal
No Result
View All Result
SIGN UP
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
PaymentsJournal
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
No Result
View All Result
PaymentsJournal
No Result
View All Result

Still thinking about moving to the cloud?  Worried about your cloud utilization? Then read this! 

By Tim Sloane
August 31, 2022
in Analysts Coverage, Cloud Computing, Emerging Payments
0
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn
Regtech and Fintech Accelerating Financial Sector Cloud Adoption

Regtech and Fintech Accelerating Financial Sector Cloud Adoption

In the past, businesses would have to invest heavily in their own hardware and software infrastructure. This inflexible approach made it difficult to respond quickly to changing market conditions. Cloud computing has changed all that by providing a more agile and flexible way to build and deploy applications.

Joe Atkinson, the Chief Products & Technology Officer at PwC wrote this cloud computing article for Fortune in which he identifies agility as the primary reason organizations should adopt the cloud. The article doesn’t provide much proof to support the thesis, which isn’t surprising in that calculating the value associated with agility is very difficult. As a result, most companies take the easy way and instead calculate potential savings possible when outsourcing the IT physical infrastructure. However, when making cost savings on infrastructure the primary driver, companies often fail to invest and encourage agility in software development. But adopting agility is far from free.  Many software development shops continue to code relatively monolithic software. To become agile developers must embrace modularity, if not microservices, which are enabled using APIs. The cost associated with becoming agile was in the back third of the article, and I can only say this doesn’t really do justice to the costs associated with going agile:

“It’s vital to align the growth of cloud infrastructure with the growth of the larger business and manage the two similarly. What does that look like? Leaders need to embrace new mental models, expand digital upskilling for relevant employees, and invest in the headcount to engage the services they’ve bought. Firms need to innovate faster, deploy low-code/no-code solutions, and leverage the cloud to create better experiences for their employees and customers.

That creates value in cloud services, which tightening market conditions will make even more critical. Efficient cloud usage can make the difference in retaining the very jobs responsible for managing that usage.

Of course, businesses should absolutely manage their cloud services just as they do other variable utilities and put processes in place to ensure they turn off what’s not being used, even if it served a past purpose. Just like you wouldn’t blast the HVAC at home while you were on vacation, unused cloud capacity is running up a bill.”

Overview by Tim Sloane, VP, Payments Innovation at Mercator Advisory Group.

0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn
Tags: AgilityAPIsCloud Computing

    Get the Latest News and Insights Delivered Daily

    Subscribe to the PaymentsJournal Newsletter for exclusive insight and data from Javelin Strategy & Research analysts and industry professionals.

    Must Reads

    stablecoins, Klarna

    How Stablecoins Emerged as a Key Element of Cross-Border Payments

    April 6, 2026
    Cross-Border Payments

    How the U.S. Built Its Faster Payments Ecosystem

    April 3, 2026
    Young Latin woman applying powder on her face for beauty blog. Smiling woman sitting at table in cosy room holding powder box and brush looking at phone camera recording video. Make up and cosmetics blogging concept

    TikTok Aspires to Fintech Status with Payments, Credit Bids in Brazil

    April 2, 2026
    small business credit card

    What Banks Get Wrong About Small Business Credit Cards

    April 1, 2026
    embedded payments

    Embedding Payments for Growth: How ISVs Can Scale Through Vertical Focus and Partnerships

    March 31, 2026
    ACH fraud monitoring

    From a Checkbox to a Differentiator: Redefining ACH Fraud Monitoring

    March 30, 2026
    Digitization and Multi-Brand Cards: Prepaid Trends. Bancorp Bank prepaid card fees, Bitpay Prepaid Card, mobile prepaid debit cards, prepaid cards for councils

    Turning a Prepaid Card into a Long-Term Relationship

    March 27, 2026
    payments fraud, faster payments fraud, financial fraud

    The Emotional Toll of Financial Fraud

    March 26, 2026

    Linkedin-in X-twitter
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter

    ©2026 PaymentsJournal.com |  Terms of Use | Privacy Policy

    • Commercial Payments
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    No Result
    View All Result