A top AWS exec explains why cloud is now a top priority for banks

  • The financial industry has a reputation for being willing to try out emerging technologies, which was especially apparent during COVID-19. 
  • Wall Street is now looking to double-down on digital investments to better meet customer needs and gain actionable insight from the data now stored in the cloud, according to Amazon Web Services managing director Scott Mullins. 
  • “What COVID did was show them that it’s not something for tomorrow, it’s something for today,” he told Business Insider. “And we’ve seen a large number of organizations lean into and embrace that transformation really quickly.”
  • Sign up here to receive updates on all things Innovation Inc.

The financial industry has a reputation for being willing to try out emerging technology, like cloud or artificial intelligence.

JPMorgan Chase, for example, is already investing in quantum computing despite the tech being years away from robust commercial use and Bank of America and Nasdaq were well

Read More