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Migration to SaaS and cloud banking infrastructure: Analysing the APAC shift

Banks in the Asia-Pacific region are shifting from legacy systems to cloud banking infrastructure, propelled by increased operational efficiency and cost-effectiveness. However, challenges from data security to personnel training remain. Enforcement policies by local regulators, like the Monetary Authority of Singapore and Australia’s Prudential Regulation Authority, provide guidance. The Boston Consulting Group predicts the region could spend $200bn on cloud infrastructure by 2024.

Source: www.finextra.com –

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