Four benefits of migrating your managed services to the cloud

By Shawn Eftink

In today’s rapidly evolving world of technology, banks must deliver the latest solutions to meet customer demands while maximizing budgets, managing IT challenges and navigating an increasingly complex environment of regulatory requirements.

Cloud services provide financial institutions with a reliable, accessible and compliant IT infrastructure while optimizing costs. A cloud-based infrastructure enhances your approach to IT and offers a variety of benefits, including:

1. Enhanced security and compliance: A secure, cloud-based infrastructure ensures compliance with regulatory requirements through proper configuration and security measures, providing you with peace of mind for daily operations, as well as during audits and exams. 
2. Ability to grow and scale: By migrating your managed services to the cloud, your bank can start with what is needed and scale accordingly, which yields greater flexibility, agility and potential cost savings. If you rely on physical servers, you have to anticipate your future needs, essentially sizing current operations from where you are expecting to be. 
3. Improved user experience: As employees work remotely or in the office, cloud hosting provides secure access to virtual desktops from any device, anywhere. Users will have a uniform desktop experience without latency. 
4. Portability of environment: Your bank should have the ability to transfer control of your cloud from one provider to another, or even in-house if you choose. This may not be an option with a provider’s private environment, making an exit or migration strategy critical to ensuring the portability of your cloud environment.

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Shawn Eftink is a product manager for CSI’s Managed Services Division and has more than 25 years of industry experience.