Most APAC banks to spend more on cloud this year

More than nine in 10 banks across the Asia-Pacific region plan to increase their cloud spending this year.

underscoring the growing importance of cloud computing in their digital strategy, a new study has been found.

the higher cloud spending is a big leap from many years of hesitating on cloud, largely because of initial regulatory hurdles that banks had to overcome.

Cloud is now seen as the underlying architecture for business applications, even those deemed mission-critical

The key imperative now is to prioritise which application-based workloads will give more business value once they are on the cloud.

there are applications specific to banking that are being moved to cloud.

Core banking systems are also being considered by banks in their move to cloud

The bank has already reaped returns from its cloud journey.