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Understanding the Digital Disruption

Banks and financial services firms are looking to get the most out of their infrastructure. According to the Third Annual Nutanix Enterprise Cloud Index, a survey on the financial services sector’s top motivations for modernizing its IT infrastructure indicated that, While cost is less of a factor, more respondents in the financial services sector rated cost savings (31%) as a higher driver for cloud compared with the global average (27%). What banks must deliberate is how digital disruption will help them keep their customers contented and attract new clientele.

59% of them wanted to gain greater control of IT resource usage.

58% of the firms were driven to modernize IT to gain speed.

Cloud4C Named a Visionary in 2021 Gartner® Magic Quadrant™ for Public Cloud IT Transformation Services

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Cloud4C named as Visionary in Gartner Magic Quadrant 2021 for Public Cloud Services

What does IT Modernization mean for Banking Customers?

Banks with a digitally modernized infrastructure at the core can quickly adapt to transitions in the marketplace and provide customer experiences such as real time payments that stand out, effectively establishing themselves as disruptors and leaders in addressing their clients’ and organization’s needs.

A successful digital transformation project for banks must revolve around four priorities-

Engaging clients with differentiated experiences that tailor to their personal financial needs and goals
Empowering employees within the organization with tools that can provide accessible, holistic information at their fingertips about individual clients, while meeting critical security and compliance needs
Optimizing internal operations with synchronized processes and democratized data-sharing
Transforming products with open and connected systems and real-time predictive digital processes
To find success in this new landscape, financial organizations will need to partner with an experienced modernization leader that can appreciate your current state, the complexities involved and guide you in the transformation journey with a joint vision in mind.

Cloud4C can deliver tangible value for your bank with digital transformation and application focused managed services.

Contact us today

Complexities of Modernization for Banks

Deciding to take the first step towards core banking modernization by building a strong infrastructure foundation on the cloud is one aspect but doing it successfully and cost-effectively, quite another. Some of the biggest concerns banks face include,

Cloud-fit
Cloud-fit
Cloud Readiness
Multiple Vendors
Security and Compliance
Analysing the cloud fit for preparing a bank's cloud modernization journey
Deciding which cloud - public, private, hybrid or multi-cloud, is the best-fit for your financial ecosystem is the million-dollar question. IT decision makers rely on a comprehensive PoC that covers this and which workloads to migrate, how and when. Increase in operational efficiency, faster time to market, and launching new products and services are key indicators for measuring a successful cloud adoption effort.
Reporting the cloud readiness for preparing a bank's cloud modernization journey
Ensuring cloud readiness needs to be addressed holistically but often falls short if the conceptualization process is limited to applications and workloads. For the ecosystem to function seamlessly post the transformation, enabling your technical teams with help of workshops and cloud best practices sessions to get started with your cloud adoption journey is critical.
Freedom from multiple vendors for a bank's cloud modernization journey
Managing multiple vendors for different application components, cloud platforms, monitoring, etc is every IT team’s nightmare. For financial institutions customer demand is of utmost priority and they certainly want a way out of this. It’s only possible if you have a matured cloud partner who can take that burden away from you.
The world of security compliances and regulations in the bank's journey to cloud modernization journey
Billions of dollars paid in fines, attacks on highly sensitive financial data and the risks of an open banking system are the biggest concerns for technology leaders in banks. Ensuring security, privacy, control and compliance with global regulations and data protection laws is a challenge that needs to be met no matter what.

It is every bank's criteria to leverage proven blueprints, ready to use frameworks, tools and migration methodologies. Nevertheless, if cloud adoption does not mean capitalizing emerging technologies, like artificial intelligence and machine learning software, to deliver more relevant services in the midst of changing markets then it is meaningless.

The Road to Cloud Transformation
Starts with Our Cloud Discovery Workshop

Run Ops
Al Ops Managed
Service
CI/CD
SIRT 40+ Security
Controls
App Support
1
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Assessment based
on our CAF for
PCI, BIB, &
Regtech

2
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Test and Dev on
Cloud

3
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Non core banking /
Digital Assets
Migration to Cloud
with PCIDSS
readiness

4
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Banking Hybrid
Cloud with Draas
(RPO, RTO)

5
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Core banking
Migration to Cloud
With regulatory
readiness

Migration
Approach
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Lift & Shift

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Infra
Modernization

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DB
Modernization

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App
Modernization

Sign up for a Cloud Discovery workshop today

Start Your Journey to Cloud based Banking
with Cloud4C

90 Bank Customers

5 in Top 20 Global Banks

12 in Top 25 Banks in India

Each organization is unique, so will have its own digital transformation journey. It is crucial to understand the current capabilities and then map them to our desired goals in the best possible ways. Cloud4C not only shortens the go-to-market times but empowers banks to stay in complete control through dynamic shifts in regulatory, business, and customer requirements.

Application Focused, High-End Cloud Managed Services Provider with Factory Approach

Cloud4C has extensive experience in designing and delivering customized comprehensive banking solutions across diverse geographies and markets. Our proven cloud adoption framework for banks has been developed based on ground realities that will give you an accurate understanding of where you stand and how best your organization can achieve the digital transformation goals.

Our advanced managed services are designed to help banks at various stages in their life journey to adopt technological solutions that will significantly boost their capabilities to meet customer expectations while managing increasingly complex regulatory and compliance requirements.

Cloud4C BFSI Modernization Services

Infrastructure Modernization

Cloud4C offers infrastructure modernization services to take your core banking system, application and software to the next level of performance and manageability. We help you drive your organization’s IT modernization process through various phases of efficiency and agility with a modular, structural approach.

We partner with banks to simplify and standardize IT infrastructure and application platforms, and guide you through the organizational changes necessary to seamlessly operate and take the complete benefits of running a core banking system in a hybrid environment.

Read more

The container-based orchestration environment provided by Kubernetes offers significant flexibility in relation to building a bank’s cloud environment, whether in the public cloud, private cloud, or as a hybrid. As part of the Kubernetes as a Service, Cloud4C team of experts handle the deployment and operation of a fully managed Kubernetes control plane, including configuration, operation and maintenance of all Kubernetes components. Cloud4C offers best practices and support for deploying and operating highly scalable applications within Kubernetes.

Read more

Cloud4C can help your bank accelerate the security and compliance process by creating a comprehensive compliance roadmap and providing you the necessary people, process, technology metrics. Some of the key compliances and standards that Cloud4C will help you adhere to are as follows.

Read more

Cloud4C application modernization helps financial institutions in maintaining, extending, deploying and managing their applications, so that they meet the current and future business needs. This depends on the organization’s vision, which will be driven by factors such as strategic business initiatives, application architecture, time, cost, and available skills.

Read more

For banks to be able to collaborate with third party technology developers, to compete and expand service offerings, embracing the API economy is a must. We create an approved gateway that will enable interaction between your banking application and external third party applications within industry record time. We help you deliver more connected experiences to customers, enabling faster product and service innovation with low cost and low risk. With Cloud4C application modernization, financial institutions can quickly extend processes, services, content and data to partners, mobile experiences and third-party developers in a reliable and highly secure way.

Micro-services approach consulting by Cloud4C makes the migration of monolithic applications and legacy systems a smooth affair, building a new architecture that leverages micro-services. Cloud4C can build and manage microservices, integrating applications and developing databases that are agile and flexible. Cloud4C supports and maintains services that improve the quality of microservices applications development, and which cut down the defects.

Read more

Banks need to migrate to a DevOps deployment model to bring in agility and faster go to market. Cloud4C DevOps helps banks in accelerating the release process by automating testing and releasing new versions of the application code on the fly for their core banking system.

Read more

Moving data from legacy databases to modern cloud-based databases essentially helps in building data-driven intelligence on customers, markets and internal business processes. A cloud-services partner of thousands of enterprises worldwide, Cloud4C brings in certified cloud experts and data scientists to deliver the right advice on data migration to cloud platforms and modernize it.

Read more

A discovery workshop is held to gather stakeholder opinions, assess data warehouse readiness, collect server and application information.Then, the Cloud4C Migration Factory three-pronged migration approach drives complex and large scale migrations to the database of your choice while ensuring data integrity and security.

Read more

We personalize database managed services by providing a customized scalable architecture for planned and managed database configuration, custom rule-based policies for users or queries, and automated scripts for efficient database management. We ensure near zero management with built-in performance and eliminating the administration demands of traditional platforms and big data solutions.

Read more

To bring predictive power to your business and do a deeper analysis of your data, certified data scientists at Cloud4C can help your bank get ahead of the curve when it comes to leveraging intuitive and interactive dashboards equipped with data analytics, to make smart decisions through real-time monitoring and visual exploration. With a Single Source of Truth we help you build data marts that power visualization dashboards, and the ability to process data on the go.

Read more

Cloud4C delivers a modern workplace, with which banks can ensure that staff are always able to access secure information and are able to collaborate to make better-informed decisions that are based on real time data, increasing accuracy and expediting processes. We help you face challenges met by the remote workforce by ensuring secure communications to or from staffers' homes.

Read more

Cloud4C’s VDI Services help you deploy virtualized desktops across your end-user workforce to enhance the user experience, increase security and decrease costs across your organization. We ensure the implementation of the design to accelerate deployment so users get the benefits of VDI with little to no delay and guaranteed success on Citrix and VMWare.

Read more

While AWS WorkSpaces is a great DaaS solution, clients still have to build their preparedness to adopt it. This includes choosing the right tier of AWS offering, creating the right kind of WorkSpace to suit their requirements and managing the offering. Cloud4C team has more than a decade of experience in building and maintaining virtualized desktop environments including DaaS.

Read more

Cloud4C is helping customers transition to a virtual workspace experience with ease and zero disruption with its managed DaaS offering on Microsoft Azure WVD. We offer configuration, installation, integration, UAT services to ensure readiness of the back-end cloud infrastructure. We also provide proactive monitoring, incident management, change and patch management, and service desk to ensure consistent delivery of superior end-user experience.

Read more

  • Build a Hybrid-ready Private Cloud

    We partner with banks to simplify and standardize IT infrastructure and application platforms, and guide you through the organizational changes necessary to seamlessly operate and take the complete benefits of running a core banking system in a hybrid environment.

     

  • Kubernetes as a Service for Banks and Financial Institutions

    The container-based orchestration environment provided by Kubernetes offers significant flexibility in relation to building a bank’s cloud environment, whether in the public cloud, private cloud, or as a hybrid. As part of the Kubernetes as a Service, Cloud4C team of experts handle the deployment and operation of a fully managed Kubernetes control plane, including configuration, operation and maintenance of all Kubernetes components. Cloud4C offers best practices and support for deploying and operating highly scalable applications within Kubernetes.

    Read more

  • Compliance as a Service

    Cloud4C can help your bank accelerate the security and compliance process by creating a comprehensive compliance roadmap and providing you the necessary people, process, technology metrics. Some of the key compliances and standards that Cloud4C will help you adhere to are as follows.

    Read more

  • Application Modernization

    Cloud4C application modernization helps financial institutions in maintaining, extending, deploying and managing their applications, so that they meet the current and future business needs. This depends on the organization’s vision, which will be driven by factors such as strategic business initiatives, application architecture, time, cost, and available skills.

    Read more

  • Build an Open Banking Ecosystem

    For banks to be able to collaborate with third party technology developers, to compete and expand service offerings, embracing the API economy is a must. We create an approved gateway that will enable interaction between your banking application and external third party applications within industry record time. We help you deliver more connected experiences to customers, enabling faster product and service innovation with low cost and low risk. With Cloud4C application modernization, financial institutions can quickly extend processes, services, content and data to partners, mobile experiences and third-party developers in a reliable and highly secure way.

  • Microservices Architecture for Banks

    Micro-services approach consulting by Cloud4C makes the migration of monolithic applications and legacy systems a smooth affair, building a new architecture that leverages micro-services. Cloud4C can build and manage microservices, integrating applications and developing databases that are agile and flexible. Cloud4C supports and maintains services that improve the quality of microservices applications development, and which cut down the defects.

    Read more

  • DevOps Services for Banks

    Banks need to migrate to a DevOps deployment model to bring in agility and faster go to market. Cloud4C DevOps helps banks in accelerating the release process by automating testing and releasing new versions of the application code on the fly for their core banking system.

    Read more

  • Database Modernization

    Moving data from legacy databases to modern cloud-based databases essentially helps in building data-driven intelligence on customers, markets and internal business processes. A cloud-services partner of thousands of enterprises worldwide, Cloud4C brings in certified cloud experts and data scientists to deliver the right advice on data migration to cloud platforms and modernize it.

    Read more

  • Database Migration

    A discovery workshop is held to gather stakeholder opinions, assess data warehouse readiness, collect server and application information.Then, the Cloud4C Migration Factory three-pronged migration approach drives complex and large scale migrations to the database of your choice while ensuring data integrity and security.

    Read more

  • Database Managed Services

    We personalize database managed services by providing a customized scalable architecture for planned and managed database configuration, custom rule-based policies for users or queries, and automated scripts for efficient database management. We ensure near zero management with built-in performance and eliminating the administration demands of traditional platforms and big data solutions.

    Read more

  • Workplace Modernization

    To bring predictive power to your business and do a deeper analysis of your data, certified data scientists at Cloud4C can help your bank get ahead of the curve when it comes to leveraging intuitive and interactive dashboards equipped with data analytics, to make smart decisions through real-time monitoring and visual exploration. With a Single Source of Truth we help you build data marts that power visualization dashboards, and the ability to process data on the go.

    Read more

  • Managed Advanced Data Analytics & BI

    Cloud4C delivers a modern workplace, with which banks can ensure that staff are always able to access secure information and are able to collaborate to make better-informed decisions that are based on real time data, increasing accuracy and expediting processes. We help you face challenges met by the remote workforce by ensuring secure communications to or from staffers' homes.

    Read more

  • Virtual Desktop Infrastructure for Banks

    Cloud4C’s VDI Services help you deploy virtualized desktops across your end-user workforce to enhance the user experience, increase security and decrease costs across your organization. We ensure the implementation of the design to accelerate deployment so users get the benefits of VDI with little to no delay and guaranteed success on Citrix and VMWare.

    Read more

  • Managed Amazon Workspaces

    While AWS WorkSpaces is a great DaaS solution, clients still have to build their preparedness to adopt it. This includes choosing the right tier of AWS offering, creating the right kind of WorkSpace to suit their requirements and managing the offering. Cloud4C team has more than a decade of experience in building and maintaining virtualized desktop environments including DaaS.

    Read more

  • Managed Windows Virtual Desktop

    Cloud4C is helping customers transition to a virtual workspace experience with ease and zero disruption with its managed DaaS offering on Microsoft Azure WVD. We offer configuration, installation, integration, UAT services to ensure readiness of the back-end cloud infrastructure. We also provide proactive monitoring, incident management, change and patch management, and service desk to ensure consistent delivery of superior end-user experience.

    Read more

Leverage the knowledge of our IT modernization experts

Contact Us

Cloud4C - Key Differentiators

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Regulatory approved security stack with 40+ Security controls tailored specifically for banks

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Total ownership – Single SLA delivered at application login

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Compliance to local data residency and sovereign norms in 52 global locations

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End-to-End Cloud journey ownership including IT modernization and Migration

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Flexible pricing model per branch, per transaction, per account, etc.

Europe-Based Challenger Bank

Our Success Stories

europe based bank experiences digital transformation with core banking modernization

Europe-Based Challenger Bank

A Progressive Challenger Bank was replacing the Core Banking Solution (CBS) due to issues with the current CBS provider. Cloud4C provided a solution along with Gartner Magic Quadrant Leader app provider with single SLA at application login.

Read Case Study

world's largest fintech company leverages cloud banking modernization for business success

World's Largest FinTech Company

Multi-Tenant community Cloud created for Banks, resulted in 1/3 deployment time and 30% - 40% cost savings with a flexible pricing model for the World's Largest FinTech Company.

Read Case Study

Private bank major meets regulatory and compliance standards in multiple countries with core banking modernization

Leading Private Bank

Workspace Modernization solution provided to a leading private bank with a Private Cloud based VDI Solution (with scalable compute and storage options).

Read Case Study

IT Modernization for Banks - FAQs

  • What is core banking system?

    -

    A Core Banking System (CBS) is a back-end system that processes daily banking transactions and posts updates to accounts and other financial records.

    It typically includes deposit, loan and credit processing capabilities, with interfaces to general ledger systems and reporting tools. Leading CBS providers as EdgeVerve Finacle, FIS, Oracle FLEXCUBE Core Banking, TCS BaNCS, Temenos, SAP Banking and Financial Services, Fiserv, NCS etc.

  • What is meant by core banking on cloud?

    -

    It is high time banks stop investing in future legacy technology and move to core bank processing to the cloud. Moving core banking to cloud offers benefits such as infra savings, on demand scalability and agility, security and availability and not to forget making it future- workforce ready. Depending on their functionality and version compatibility with cloud, mainframe based applications that support core banking will need a target disposition assigned to them - Rehost, Replatform, Refactor, Rearchitect, retire and Revisit.

    Sign-up for Cloud4 Banking Discovery workshop to know what suits you the best.

  • What is driving core banking modernization?

    -

    Banking CEOs, COOs, CIOs and other business leaders not only believe in but are strongly investing in cloud enabled, data-driven solutions to deliver acutely personal, digital customer growth campaigns and experiences, improved customer lifetime value initiatives and profitable revenue growth outcomes. Speed, scale and reduced risk is what they are demanding and the age-old reluctance to adopt public cloud for core banking systems is no longer existent. They are moving away from rigid, inflexible operating models with on-prem, legacy IT systems which fail to meet business needs, whilst consuming heavy IT budgets and driving ever-increasing IT technical debt. This creates an opportunity to achieve a ‘competitive edge’ to remain relevant by meeting increasingly demanding customer expectations in a crowded, digital banking marketplace. As a result, core banking systems modernization becomes a strategic imperative, for all kinds of banks.

  • What is transformation in banking?

    -

    Transformation in banking includes technology adoption such as embracing cloud as well as business process improvements be it through hyperautomation and RPA that enable banks to reduce their time to market, operational complexity and help them to deliver outstanding digital customer experiences.

Looking to take your bank sky-high?

Speak to Us.