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Introduction

This report evaluates how financial institutions across the sector are approaching and deploying cloud-based services for enterprise content collaboration to enable mobility and collaboration both inside and outside the institution.

Highlights

  • Ovum's Cloud in Financial Services study found that around a quarter of financial institutions now actively look to use cloud-based services as the preferred option where possible, and over 40% at least consider it as an option for a majority of projects.
  • Cloud is expected to transform the broader industry by 46% of institutions. In contrast, fewer than 20% of institutions do not expect to see any impact over this time.

Features and Benefits

  • Explores the benefits of a cloud-based approach, and why institutions need to be proactive in providing cloud-based services.
  • Understand the use cases for enterprise content collaboration in financial services.
  • Learn about financial institutions' use of cloud-based enterprise content collaboration.

Key questions answered

  • How are attitudes to public cloud services changing in financial services?
  • What are the advantages of cloud-based enterprise content collaboration?

Table of contents

Summary

  • Catalyst
  • Ovum view
  • Key messages
  • Recommendations for enterprises

A regulation-driven approach to cloud allows financial institutions to rethink business practices

  • Mobile and cloud technologies are driving a new industry shift
  • The financial sector expects cloud services to be transformative in dealing with the digital market place
  • Security, risk, and compliance requirements mean financial institutions must adopt cloud with enterprise-level practices

Cloud-based enterprise content collaboration provides productivity and client engagement benefits

  • Cloud-based content collaboration is providing real benefits
  • It has the potential to address an array of processes across the financial services sector

Appendix

  • Methodology
  • Further reading
  • Author
  • Copyright notice and disclaimer

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