Why ramping up Cloud is crucial for digital banking?

Digitalization has blurred the lines between banking and technology. And cloud infrastructure is the truss.

While fintechs are evolving to meet the growing need for cloud-based services, banks are embracing cloud technologies to tackle core process modernization.

The advent of cloud infrastructure has reinvented digital banking.

How?

  • First off, it unleashed banking products and services at the touch of a button.

  • Secondly, leveraging the potential of cloud infrastructure served as a key competitive advantage that set leaders apart from industry peers.

  • Finally, it improved operational efficiency and reduced product implementation costs.

Key benefits of cloud in banking

  • Cost Effective: Cuts back on hardware, software, and IT cost while refocusing on core banking operations.

  • Rapid Scalability: Improves accessibility and utilization of data for enhanced market adaptability.

  • GTM Speed: Leverages advanced data-driven analytics to improve time-to-market speed and agility.

  • Open Banking: Enables plug & play integration with multiple stakeholders to provide hyper-personalized banking solutions.

  • Customer Experience: Uses AI, ML, and Robotic Process Automation (RPA) to create personalized, cutting-edge products and services.

  • Security: Empowers banks to detect security threats like money laundering and fraud in real-time.

Digitization is ubiquitous. Banks must leverage the cloud to maintain relevance in the ever-changing financial landscape.

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Cloud is the way forward!

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We are now at Azure Marketplace!

Microsoft Azure customers can access M2P’s Card Issuance Platform and take advantage of our cloud-native features such as end-to-end card lifecycle management, modular process, and rapid scalability to drive application development and shape business strategies.

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    How to Combat Money Laundering?

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    The UPI transactions crossed the INR 11 Lakh Crore mark in September 2022.

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    Saudi, Bahrain, Oman to deploy India’s UPI & RuPay cards system.

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    Amazon launches AWS Local Zone in New Delhi, the first outside of the US.

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    Payroll management company Tartan partners with M2P to roll out consent-driven payroll APIs to lenders. More here.

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    M2P is listed among 250 of the world's most promising fintech companies in 2022.

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    CWallet partnered with M2P to launch Pre-paid and Multicurrency cards in Qatar. Highlights here.

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    Our co-founder Prabhu was quoted in the story on how the launch of AWS Local Zones in Delhi (the first outside the US) would help M2P in simplifying its operations. Know more here.

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    M2P participated at the 11th edition of the World Financial Innovation Series (WFIS) - Indonesia’s premier FSI technology and innovation conference held in Jakarta.

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    That's it for now. See you again soon with all the need-to-know fintech updates!

    Stay tuned. Stay curious.

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