It is safe to say that the financial services industry is fully vested in the cloud. While a significant number of institutions were already well established in both private and public clouds, the past two years have broken down any holdouts. As customer demand for digital services increases, so does the need to provide a stable and secure infrastructure. To put it simply: The question is no longer if and when you should move to the cloud but how and where.

Like in nature, the cloud migration pattern of banks and other financial
institutions is never a straight line. As we see from the interviews in this
paper, different business units have different needs and, in fact, different
definitions for hybrid cloud.