Financial institutions are adopting cloud-native application development, but their modernization efforts are proceeding at a very measured pace, according to a recent IDG survey. Top executives are leaning forward—but the next-lower levels of management in IT and on the business side indicated that they are proceeding at a more measured pace.

Financial institutions, like companies in many other market segments, are striving to modernize applications and speed up development as they seek to become faster, more agile, and more scalable. This is crucial to creating experiences that help achieve business priorities and satisfy customers. But they face unique regulatory and risk management requirements that can slow or inhibit achievement of those goals.