{"id":16001,"date":"2021-08-31T12:13:38","date_gmt":"2021-08-31T12:13:38","guid":{"rendered":"https:\/\/www.orangemantra.com\/blog\/?p=16001"},"modified":"2025-04-21T12:11:33","modified_gmt":"2025-04-21T12:11:33","slug":"top-reasons-why-fintech-firms-are-opting-cloud-computing-solutions","status":"publish","type":"post","link":"https:\/\/www.orangemantra.com\/blog\/top-reasons-why-fintech-firms-are-opting-cloud-computing-solutions","title":{"rendered":"Top Reasons Why Fin-Tech Firms Are Opting Cloud Computing Solutions"},"content":{"rendered":"<p><span data-contrast=\"none\">In a constantly evolving business landscape, the global COVID-19 pandemic has only accelerated the need for companies to become agile and adaptive like never before. Specifically, Financial tech companies need to start implementing strategies to meet the changing consumer expectations, emerging technologies, and alternative business models. With CIOs and CTOs embracing change, cloud solutions are increasingly getting center-stage. We are going to discuss the main reasons why FinTech firms are implementing\u00a0<\/span><a href=\"https:\/\/www.orangemantra.com\/services\/cloud-computing-solutions\/\">cloud computing solutions<\/a> <span data-contrast=\"none\">across workflows.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">Cloud computing has significantly redefined and transformed how business technology is employed, bringing a huge opportunity for finance operations. And we&#8217;re not assuming. Data supports it: cloud spending increased 37% to $29 billion during the first quarter of 2020. Cloud solutions free the finance operations from administrative tasks, helping them gain back valuable time from time-consuming and repetitive tasks while giving them an excellent opportunity to lead digital transformation.\u202f<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_74 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.orangemantra.com\/blog\/top-reasons-why-fintech-firms-are-opting-cloud-computing-solutions\/#The_Future_of_Financial_Tech_Companies\" >The Future of Financial Tech Companies\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.orangemantra.com\/blog\/top-reasons-why-fintech-firms-are-opting-cloud-computing-solutions\/#Key_Benefits_of_Cloud_Computing_Solutions_for_Finance_Operations\" >Key Benefits of Cloud Computing Solutions for Finance Operations\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.orangemantra.com\/blog\/top-reasons-why-fintech-firms-are-opting-cloud-computing-solutions\/#How_to_Plan_and_Implement_Cloud_Computing_Solutions\" >How to Plan and Implement Cloud Computing Solutions\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.orangemantra.com\/blog\/top-reasons-why-fintech-firms-are-opting-cloud-computing-solutions\/#Final_Thought\" >Final Thought<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.orangemantra.com\/blog\/top-reasons-why-fintech-firms-are-opting-cloud-computing-solutions\/#_FAQs\" >\u00a0FAQs\u00a0<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"The_Future_of_Financial_Tech_Companies\"><\/span><span class=\"TextRun SCXW91339333 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW91339333 BCX0\">The Future of Financial Tech Companies<\/span><\/span><span class=\"EOP SCXW91339333 BCX0\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:240}\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span data-contrast=\"none\">In the future, the finance operations still\u00a0must\u00a0face many challenges and opportunities to transform digitally. FinTech firms need to discover new ways of working, using robust technology and tools, and invest in\u00a0<\/span><a href=\"https:\/\/www.orangemantra.com\/industries\/fintech-development-solutions\/\">Fintech development services<\/a><span data-contrast=\"none\">\u00a0to deliver strategic objectives. Meanwhile, they also need to save costs wherever possible and ensure business continuity.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">Currently, one of the primary focus\u00a0areas\u00a0for every Fintech company should be the modernization of its manual, out-of-date processes to the cloud. According to Protiviti\u2019s recent annual Finance Trends Survey, 72% of CFOs and VPs of finance made\u00a0<\/span>cloud computing solutions<span data-contrast=\"none\">\u00a0a top priority to address in the coming year.\u202f<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">Cloud solutions also enable the finance function to become fully remote over time. A recent Gartner survey of 317 CFOs and finance leaders revealed that\u00a074% of companies would shift at least 5% of their existing on-site workforce to permanently remote positions after the COVID era.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Key_Benefits_of_Cloud_Computing_Solutions_for_Finance_Operations\"><\/span><span class=\"TextRun SCXW245614664 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW245614664 BCX0\">Key Benefits of Cloud Computing Solutions for Finance Operations<\/span><\/span><span class=\"EOP SCXW245614664 BCX0\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:240}\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>\n<h3>Lowers IT Spends and Workloads<\/h3>\n<\/li>\n<\/ul>\n<p><span data-contrast=\"none\">According to Gartner\u2019s report, over 90% of a typical IT budget is spent on maintenance, which leaves only 10% to drive innovation, digital transformation, and business process enhancement. Moving core finance operations to the cloud helps\u00a0<\/span>Financial Tech companies <span data-contrast=\"none\">to lower IT expenditure. Besides, it also shifts the IT budget from maintenance to digital innovation and helps organizations to focus on the implementation of vital finance initiatives such as optimizing workflows, creating reports, and revenue recognition.\u202f<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<ul>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"5\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\">\n<h3>Automates Mundane Tasks<\/h3>\n<\/li>\n<\/ul>\n<p><span data-contrast=\"none\">Thanks to the time-saving characteristics of the cloud, key activities, such as entering data and financial reporting can now all be generated in a relatively shorter period. Automating these mundane and repetitive tasks frees up valuable resources within the finance operations to allow business leaders to focus more on areas of real business value and growth.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<ul>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"6\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\">\n<h3>Better Accessibility<\/h3>\n<\/li>\n<\/ul>\n<p><span data-contrast=\"none\">The rapid shift to the remote working mode due to the ongoing pandemic has increased the demand for\u00a0<\/span>cloud computing solutions<b><span data-contrast=\"none\">.<\/span><\/b><span data-contrast=\"none\">\u00a0With high-end security and uninterrupted internet connectivity, systems and business data can be made accessible to the finance function no matter where they are, thereby helping in fast decision-making. This makes business operations more agile and ensures more flexible working and cost-effective staff structures.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<ul>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"7\" aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"1\">\n<h3>Enhanced Speed, Efficiency, and Accuracy<\/h3>\n<\/li>\n<\/ul>\n<p><span data-contrast=\"none\">Shifting to the cloud infrastructure enables\u00a0<\/span>financial tech companies<span data-contrast=\"none\">\u00a0to speed up day-to-day activities and process a large amount of data. Automating and streamlining core operations can prevent duplication and human errors. This ultimately saves the time, money, and manual labor in getting your financial data up to date and accurate. Moreover, this drives efficiency and improves your bottom line.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<ul>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"8\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\">\n<h3>Better Collaboration<\/h3>\n<\/li>\n<\/ul>\n<p><span data-contrast=\"none\">When communicating with suppliers or other members of the finance operations, you can easily access, edit, and share business-critical documents securely, no matter where you are. Cloud-based business workflow and file sharing ensure updates in real-time with enhanced visibility. According to the Forbes survey, 64% of respondents indicated that cloud-enabled collaboration tools have helped their companies to process faster than ever before.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Plan_and_Implement_Cloud_Computing_Solutions\"><\/span><span class=\"TextRun SCXW230719217 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW230719217 BCX0\">How to Plan and Implement Cloud Computing Solutions<\/span><\/span><span class=\"EOP SCXW230719217 BCX0\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:240}\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3>Business Case Creation<\/h3>\n<p><span data-contrast=\"none\">The cloud helps to redefine and innovate IT strategy. It also acts as an engine to rapidly develop new capabilities and services to meet business essentials. Several digital transformation solutions like customer relationship management, finance, enterprise management resource management are already cloud-based. However, they are just not mainly communicated as such.\u202f<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">A cloud business case should focus on the ways the bank can tap into\u00a0<\/span>cloud computing solutions<span data-contrast=\"none\">\u00a0cost-effectively to drive valuable customer insights, offers, experiences; increase revenue; reduce costs; find and onboard best the talent, and offer consistent enterprise operating platforms.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">The business case should also encompass a baseline cloud value-assessment model for mapping the economics of ever-changing market forces, cost, and business assumptions\u00a0and\u00a0help in planning the scenario.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">Lastly, it should resolve change management issues. For example, cloud technology may significantly change certain employee roles, like what steps would be required to help adapt the company\u2019s culture and mindset.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<ul>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"9\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\">\n<h3>Solution Design and Implementation<\/h3>\n<\/li>\n<\/ul>\n<p><span data-contrast=\"none\">The time, effort, and cost to move workloads to the cloud environment may be a major concern for Financial Tech companies planning to implement cloud strategies. Time to market and cost are two main factors when organizations are looking to leverage business-development technologies such as advanced data analytics and machine learning. Third-party\u00a0<\/span><a href=\"https:\/\/www.orangemantra.com\/services\/cloud-hosting-solution\/\">cloud hosting service providers<\/a><span data-contrast=\"none\">\u00a0offer these and other capabilities that can reduce the development time contrary to building capabilities in-house.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<ul>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"10\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\">\n<h3>Vendor Management<\/h3>\n<\/li>\n<\/ul>\n<p><span data-contrast=\"none\">The banking sector will be gradually migrating from both hybrid and multi-cloud environments in the coming years. Meanwhile, vendors are likely to offer new, cloud-based services and capabilities regularly.\u00a0<\/span>Financial Tech companies<span data-contrast=\"none\">\u00a0should avoid vendor lock-in to ensure easy adaptation to the marketplace changes without requiring to re-platform when shifting from one vendor to another.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">Moreover, with time, vendors may also offer better pricing flexibility by leveraging various cloud platforms. It may help a company to shift workloads from one cloud to another and address unique business needs. Then they could implement best practices built on one cloud platform to departments with the help of other\u00a0<\/span>cloud hosting service providers<b><span data-contrast=\"none\">.<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">Also, using a multi-vendor or multi-cloud strategy can be a bit complex and challenging as well. Creating an in-depth understanding of architectural components and governance strategy ensures the best use of the multi-cloud environment.\u202f<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<ul>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"11\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\">\n<h3>Data Security<\/h3>\n<\/li>\n<\/ul>\n<p><span data-contrast=\"none\">Ensuring the security of data has always been the top priority of bank leaders. The traditional infrastructure and capabilities of an enterprise may have limited abilities to detect and meet new risks and security vulnerabilities. Cloud solutions can help you overcome this limitation.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">Security is diverse in the cloud due to the tools that are native and specific to each cloud provider\u2019s environment and the fact that\u00a0<\/span>cloud hosting service providers <span data-contrast=\"none\">typically are accountable for the security of the lower-level layers of the infrastructure. The shared responsibility of data security between the cloud service providers and the clients they host changes how companies should expect and prepare for security risks and vulnerabilities.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<ul>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"12\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\">\n<h3>Regulatory Compliance<\/h3>\n<\/li>\n<\/ul>\n<p>Cloud computing solutions<span data-contrast=\"none\">\u00a0can empower banks and financial services organizations to address the changing regulatory reporting requirements. Such features have become a must-have in an industry that deals with cross-border transactions.\u202f<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">Cloud-based solutions can also enable organizations to perform intraday liquidity and risk calculations, and mine trade surveillance data to identify and fix anti-money laundering and other fraud problems. A cloud-based platform facilitates data-brokering placement capabilities based on the criticality of data and Certified Safety Professional certifications.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Final_Thought\"><\/span>Final Thought<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span data-contrast=\"none\">While the finance operations have been shifting to the cloud at a snail\u2019s pace compared to other departments, it\u2019s never too late to start moving to the cloud. CFOs need to rethink the role played by their finance operations and take a step towards digital transformation in 2021.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">As a leading provider of\u00a0<\/span>fintech development services<span data-contrast=\"none\">, we are here to help you at every step of the digital transformation journey of your FinTech firm. Get in touch with us to discuss your business requirements with our team of FinTech industry experts.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"_FAQs\"><\/span><strong>\u00a0FAQs\u00a0<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><b><span data-contrast=\"none\">1. Why should you opt for cloud transformation?<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:240}\">\u00a0<\/span><\/h3>\n<p><span data-contrast=\"none\">Here are the key benefits of cloud transformation:<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<ul>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"13\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"none\">Synchronizes the enterprise<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"13\" aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"none\">Helps in the development of resilient operations<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"13\" aria-setsize=\"-1\" data-aria-posinset=\"3\" data-aria-level=\"1\"><span data-contrast=\"none\">Drives business innovation<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"13\" aria-setsize=\"-1\" data-aria-posinset=\"3\" data-aria-level=\"1\"><span data-contrast=\"none\">Improves IT security<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"13\" aria-setsize=\"-1\" data-aria-posinset=\"3\" data-aria-level=\"1\"><span data-contrast=\"none\">Helps you unleash new talents and new workflows<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"13\" aria-setsize=\"-1\" data-aria-posinset=\"3\" data-aria-level=\"1\"><span data-contrast=\"none\">Helps you scale computing costs as per your need<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li>\n<\/ul>\n<h3><b><span data-contrast=\"none\">2. What are the main development stages of FinTech?<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:240}\">\u00a0<\/span><\/h3>\n<p><span data-contrast=\"none\">There are three main development phases of Fintech &#8211; 1. Innovation struggle, 2. partnership and client focus, and 3. Repositioning.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<h3><b><span data-contrast=\"none\">3. What is your FinTech expertise?<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:240}\">\u00a0<\/span><\/h3>\n<p><span data-contrast=\"none\">As an experienced provider of <\/span>FinTech development services<span data-contrast=\"none\">, we hold expertise in<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<ul>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"14\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"none\">Digital Transformation Consulting<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"14\" aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"none\">LOS Solutions<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"14\" aria-setsize=\"-1\" data-aria-posinset=\"3\" data-aria-level=\"1\"><span data-contrast=\"none\">Digital Lending Software<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"14\" aria-setsize=\"-1\" data-aria-posinset=\"4\" data-aria-level=\"1\"><span data-contrast=\"none\">Digital Payment Solutions<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"14\" aria-setsize=\"-1\" data-aria-posinset=\"4\" data-aria-level=\"1\"><span data-contrast=\"none\">Lead Management Software<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"14\" aria-setsize=\"-1\" data-aria-posinset=\"4\" data-aria-level=\"1\"><span data-contrast=\"none\">Loan Management Solutions<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"14\" aria-setsize=\"-1\" data-aria-posinset=\"4\" data-aria-level=\"1\"><span data-contrast=\"none\">Chatbot Development\u202f<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"14\" aria-setsize=\"-1\" data-aria-posinset=\"4\" data-aria-level=\"1\"><span data-contrast=\"none\">Accounting Software<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"14\" aria-setsize=\"-1\" data-aria-posinset=\"4\" data-aria-level=\"1\"><span data-contrast=\"none\">Investment Management Solutions<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"14\" aria-setsize=\"-1\" data-aria-posinset=\"4\" data-aria-level=\"1\"><span data-contrast=\"none\">Business Intelligence Solutions<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"14\" aria-setsize=\"-1\" data-aria-posinset=\"4\" data-aria-level=\"1\"><span data-contrast=\"none\">Cryptocurrency Wallet Development<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"14\" aria-setsize=\"-1\" data-aria-posinset=\"4\" data-aria-level=\"1\"><span data-contrast=\"none\">Cryptocurrency Exchange Development<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:200,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>In a constantly evolving business landscape, the global COVID-19 pandemic has only accelerated the need for companies to become agile and adaptive like never before. Specifically, Financial tech companies need to start implementing strategies to meet the changing consumer expectations, emerging technologies, and alternative business models. With CIOs and CTOs embracing change, cloud solutions are [&hellip;]<\/p>\n","protected":false},"author":16,"featured_media":16003,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[950,804,809],"tags":[],"class_list":["post-16001","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cloud-computing","category-new-tech","category-technologies"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.6 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Top Reasons Why Fin-Tech Firms Are Opting Cloud Computing<\/title>\n<meta name=\"description\" content=\"Leading provider of fintech development services, we are here to help you for the digital transformation journey of your FinTech firm.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" 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