Embracing the Cloud

In the fast-paced world of finance, the landscape of banking services is undergoing a transformative shift. The utilization of Cloud technology has emerged as a pivotal force driving the modernization of Financial Service Institutions (FSIs).  

According to Gartner, the adoption of Banking as a Service (BaaS) is poised to become mainstream by the end of 2024, marking a significant paradigm shift. This trend has consistently occupied the top spot on the Gartner Hype Cycle since September 2022, underscoring its growing importance. 

Despite the promises of enhanced efficiency and agility, transitioning existing workloads to the Cloud or embracing BaaS solutions has raised questions among the traditional industry. Banking institutions have grappled with hurdles such as regulatory compliance, security apprehensions, data residency requirements, and the intricacies involved in migration processes. 

Leading Financial Modernization Initiatives 

At Samlink, we stand at the forefront of facilitating FSIs’ progressive journey towards modernization by bridging the gap between legacy systems and cutting-edge technologies. Our approach revolves around empowering financial institutions with modernized solutions and facilitating seamless Cloud transformation journeys. Key to this process is our strategic collaboration with leading providers within the Samlink Partner ecosystem, including cloud-native BaaS platform providers. 

Central to our endeavor is the FS Cloud platform, anchored on Microsoft Azure, designed with a paramount focus on stringent security protocols and regulatory compliance. The bedrock of our solutions lies in ensuring mandatory levels of security services, tailored to meet the demands of a secure banking environment, while ensuring compliance with stringent EU data residency regulations and adopting an exclusive EU service delivery model. 

Tailored Solutions to Fulfil Customer Requirements 

Whether it’s the ambition to modernize existing workloads or harness the capabilities of BaaS solutions, Samlink offers a secure, cost-effective solution tailored to your needs. 

– As specialists entrusted with managing banking systems, safeguarding our clients’ ‘crown jewels’ is a responsibility we hold with utmost reverence. Security, privacy, and compliance are not merely options but mandates. Our ‘FS Cloud’ solution upholds these obligations with the same rigor as traditional on-premises solutions, effectively mitigating the risks associated with Cloud adoption for our esteemed clients, states Alan Rushe, Cloud BU Lead at Samlink. 

In an era where innovation and security converge, embracing Cloud technology serves as the cornerstone for empowering FSIs to navigate the evolving financial landscape with confidence and agility.