The world is rapidly adopting cloud services to get that extra competitive edge. But how does an industry like FinTech, with a lot of compliance challenges, using the cloud?

1. Here’s How FinTech
is Using the Cloud
to Grow at a Fast
Pace
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2. Data Aggregation
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Sensitive financial data such as
account balance information,
spending habits, budgeting, and
cash flow are securely aggregated
in a fully compliant environment.

3. Self Service Application
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Leveraging cloud services has
ensured users can now access
information, send money, and even
create a budget to control their bank
account using a simple application
on their handheld device.

4. Cost-Effective
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Thanks to greater capacity offered
by server-based applications. It
decreases all the capital expenditure
of buying and setting up hardware
and software at data centers.

5. Feasibility
Another benefit of cloud services in
the banking and financial sector is
that it has made data analysis very
simple for financial institutions,
empowering them to deliver better
services.