Frontrunners of Modernization: BPaaS and the Cloud

Financial Futures

The capital markets must look to the future. As institutions generate more data and clients demand more insights, it won't be enough for firms to rely on legacy systems. With solutions such as BPaaS and Cloud computing, institutions have hope. By streamlining data processes through modern BPaas solutions, firms in the capital markets can regain their competitive edge and maintain the resilience they need to move forward.

In today's episode, we speak to Capital Markets Specialist for Worldwide Financial Services Business Development at Amazon Web Services, Alvin Huang, and Head of Global Managed Services for FIS Capital Markets, Tara Winters. We dive deep into the avenues for growth in order to understand how institutions can benefit from branching into emerging markets and by adopting newer technological systems.

We discuss the mechanics behind BPaaS and Cloud computing, and how financial institutions, in wake of the pandemic, have newfound avenues for business growth. We'll look at the processes behind data migration and explore the factors firms may need to consider with the rise of new client and scaling challenges. We'll also ask:

• How can BPass and cloud computing improve efficiency?
• How are firms using public and private clouds?
• Which processes should firms be migrating to BPaaS and the cloud?