This research is based on interviewing 21 banks between November 2020 and February 2021.

The focus of this research was to look at what banks were doing in 2 key areas – the use of multicloud and hybrid cloud (using public cloud along with their own internal capability).

Numerous drivers and challenges for adopting cloud were looked at, as well as cyber security and the use of IaaS, PaaS, Serverless and SaaS. The benefits, risks and issues with cloud migration were also covered, as well as budgets and resource availability.

The main drivers for optimising cloud were optimising costs, reducing time to market and improving innovate/scale. The main challenges embarking on a cloud solution were complexity, cybersecurity and data jurisdiction whilst the key challenges during the migration were compliance/regulatory, data security and organisational culture.

Take a look below at the table of contents, or request a copy at the bottom of the page.

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1. Percentage production applications
2. Main drivers for adopting cloud
3. Main challengers embarking on a cloud solution
4. Key challenges during cloud migration
5. Status of cloud migration
6. Platforms being used
7. Importance of multicloud
8. Priority of cloud platforms
9. Percentage split of production applications
10. Integration tools being used
11. Portability between cloud vendors
12. Locking into single cloud provider
13. Importance of multicloud to minimise cloud vendor dependency
14. Differentiate between cloud vendors depending on workload requirements
15. Exclusive use of cloud migration and development tools of a single service provider
16. Cloud migration timelines
17. Applications that are containerised
18. Application running in the cloud
19. How application are running in the cloud
20. Cloud usage
21. Cybersecurity issues
22. Migration strategies
23. Main functional areas using cloud
24. Business critical areas for cloud adoption
25. Cloud usage by area

26. Successful usage of cloud
27. Order of use case adoption
28. Type of cloud usage by use case
29. Readiness to be used in the cloud
30. Primary blockers for lagging use cases
31. Key applications already using the cloud
32. Benefits of using the cloud in business
33. Key benefits of using the cloud
34. Data from on-premise to an external cloud provider
35. Risks and issues associated with migration to the cloud
36. Specific regulatory issues
37. Use of open-source software
38. Cloud productivity tools
39. Impact of coronavirus
40. Energy efficiency and sustainability factors
41. Sufficient budget
42. Cost savings made
43. Cost savings not made
44. Board support
45. Board level success consensus
46. Structuring of business
47. Significantly change the organisation
48. Blend of skill sets
49. Engage external consultants