Implementation strategies for cloud computing adoption in banking operations

Posted: Jan 07, 2022

• Prof. Natalie Laurent
• Prof. Samuel Laurent
• Prof. Sofia Kimura

Abstract

The integration of cloud computing technologies within banking operations represents one of the most significant technological transformations in the financial services industry. Traditional implementation frameworks have primarily focused on technical migration pathways, often overlooking the complex interplay between regulatory requirements, organizational dynamics, and technological capabilities. This research introduces a novel implementation framework that addresses these interconnected dimensions through an innovative quantum-inspired risk assessment methodology. The banking sector faces unique challenges in cloud adoption, including stringent regulatory compliance requirements, data sovereignty concerns, and the critical need for uninterrupted service availability. Current literature predominantly examines cloud implementation through siloed perspectives, failing to capture the dynamic interactions between technological infrastructure and regulatory frameworks. Our research bridges this gap by proposing a holistic implementation strategy that simultaneously optimizes for technological efficiency, regulatory compliance, and organizational readiness. The framework developed in this study represents a departure from conventional approaches by incorporating adaptive risk assessment algorithms that dynamically adjust implementation pathways based on real-time regulatory changes and organizational capabilities. This approach acknowledges that successful cloud adoption in banking cannot follow a one-size-fits-all model but must instead adapt to the unique regulatory, technological, and organizational contexts of each institution.