zeb white paper: Cloud-based service models taking over the banking industry / Banking-as-a-service as a means to get ahead in the race to consolidate (FOTO)

Münster (ots) -

cloud-based service models in banking will significantly grow in
importance over the upcoming years and accelerate digital
transformation in the banking sector. That is the conclusion the
strategy and management consultancy zeb has reached in its recent
white paper "Towards banking-as-a-service", which has just been
announced. The paper from the management consultancy specializing in
the European financial sector analyzed at depth perspectives that may
arise for the banking sector from the business models of global
digital leaders. It expects that by integrating cloud-based banking
models, banks will tap significant value added potentials, reduce
both complexity and costs and in doing so, be able to act with more
flexibility and agility in the sector's increasing race to
consolidate.

Dr. Primoz Perc, Partner at zeb and specialist for IT
transformation elaborates: "Many banks in Europe have been struggling
for years with the complexity of legacy architectures and the
disadvantages they bring. Cloud-based service models offer a
realistic option to focus the added value and reduce complexity and
costs. These trends are only just developing now. However, in the
future systematic use of the benefits of cloud-based banking will
play a major role in whether institutions proceed as winners or
losers of the race to consolidate in the banking sector."

Further information such as the current zeb white paper "Towards
banking-as-a-service / Cloud-based service models and the
transformation of banking" are available by following
https://www.zeb.eu/sites/default/files/avaloq_white_paper.pdf zeb was
founded in 1992 and is one of the leading strategy and management
consultancies for financial services in Europe. 1,000 employees work
for the zeb group in 17 locations. In Germany, zeb operates offices
in Frankfurt, Berlin, Hamburg, Munich and Münster (HQ). Its
international locations are in Amsterdam, Copenhagen, Kiev, London,
Luxembourg, Milan, Moscow, Oslo, Stockholm, Vienna, Warsaw and
Zurich. Its clients include major European banks and private banks,
regional banks as well as insurers. Several times already, zeb has
been classed and acknowledged as "best consultancy" for the financial
sector in industry rankings.

Contact:
Franz-Josef Reuter
Head of Public & International Affairs
Phone +49.251.97128.347
Fax +49.251.97128.520
E-mail Franz-Josef.Reuter@zeb.de

Original-Content von: zeb, übermittelt durch news aktuell