Leading the way in innovation for over 50 years, we build greater futures for businesses across multiple industries and 131 countries.
Our expert, committed team put our shared beliefs into action – every day. Together, we combine innovation and collective knowledge to create the extraordinary.
We share news, insights, analysis and research – tailored to your unique interests – to help you deepen your knowledge and impact.
At TCS, we believe exceptional work begins with hiring, celebrating and nurturing the best people — from all walks of life.
Get access to a catalog of the latest news stories from across TCS. Discover our press releases, reports, and company announcements.
Dhanasekar Purushotham
Cloud Architect, Technology Advisory Group, Banking, Financial Services, and Insurance, TCS
Amit Sinha
Consulting Partner, Technology Advisory Group, Banking, Financial Services, and Insurance, TCS
Asim Kar
Head, Cloud Technology Group, Technology Advisory Group, Banking, Financial Services, and Insurance, TCS
You have these already downloaded
We have sent you a copy of the report to your email again.
The banking and financial services industry has lagged in moving to cloud banking models due to a complex application landscape, legacy systems, cybersecurity challenges, and regulatory compulsions. As a result, incumbent banks have been slow to acquire new capabilities and embrace innovative business models such as ecosystem banking models. However, benefits of cloud technologies such as product innovation, business and operational agility, and innovative business models are now driving banks to explore cloud adoption.
We believe that the target cloud model will be a hybrid model – a short-term, workload-based strategy to accommodate varied workloads and a long-term capability-based approach to build future-ready capabilities and support ecosystem banking models. Successful transition, however, will require banks to define a cloud migration approach considering certain key aspects:
Classification of functions
Digital infrastructure fabric
Ecosystem fabric
Data fabric
TCS Customer Experience Management Suite for BFSIn
Generative AI in Finance: Opening up a Sea of Possibilities
Global Credit Score: Enabling Better Financial Inclusion for Migrants
TCS Advanced Quantz & Analytics for Effective Financial Risk Hedging