Goldman Sachs, Deutsche Bank and HSBC sign partnership deals in tech awakening
But the enthusiasm for cloud computing is not just about scrimping. Banks have been among the most enthusiastic adopters of cloud-based software and video conferencing services to facilitate working from home. Just as the pandemic hit, Microsoft completed the roll-out of its Teams video service to 100,000 staff across Santander’s global banking operations, building on a cloud contract struck with the Spanish bank last year.
There is a growing momentum amongst insurers to do this with orchestration and digital platforms like 360SiteView.
In addition - effective risk management and claims settlement depend greatly on visits to complete surveys, inspections, spec and quote remedial work. When these are restricted, or even blocked, digital alternatives like D.A.V.E. deliver cloud native alternatives with all the GDPR, security and compliance so vital.
For banks, there has been a special tech awakening: to the merits of cloud computing. After years of foot-dragging, many have been abandoning their cautious approach to cloud-based services and signing up with gusto to outsource their storage of data and other activities that demand high-intensity computing power.