Cloud computing promises to bring advanced capabilities and efficiency to financial institutions, but it’s also an important tool to help them meet ambitious climate-related goals. Data centers are energy hogs, so transitioning away from on-premise servers can be a boon for financial firms’ climate goals. UBS just underscored that potential by announcing that moving from […]
Tag: digital transformation
Financial firms crave the many benefits of moving to the cloud, but it’s a difficult, slow, and expensive process. Google Cloud and Santander are betting that big institutions will buy battle-tested software that makes the transition easier. Nine in 10 financial institutions are working on their digital transformation, but the process of migrating applications to […]
Promissory notes – a way of enabling large transactions using creditworthiness instead of cash – have traditionally required a physical document, and Lloyds’ transaction highlights both the friction between historical regulation and today’s digital capabilities and the massive potential to provide quicker, less-expensive, and more-secure trade finance through modernization. On August 17, Lloyds Bank settled […]