Modernising Payments: How Are Banks in EMEA Shaping Up? | Part 2 | Volante Technologies

Oscar Musat of Volante Technologies shared his perspective on how banks are approaching cloud adoption and why a hybrid model continues to make sense for many financial institutions.

Musat explained that banks want to modernise quickly but aren’t ready to fully give up control of their infrastructure and a hybrid cloud approach gives them the flexibility to deploy faster and scale more easily; while still meeting strict requirements around data governance and compliance. For Musat, the choice of technology partner can be critical, banks are under pressure to innovate at speed, but mistakes can be costly. That’s why, he stressed, trust, capability and long-term scalability matter more than ever.

He also highlighted Volante’s core mission to be that trusted partner and by giving customers the freedom to evolve at record pace, and by collaborating with other partners, Volante believes banks can unlock innovation much faster than by going it alone.

Finally, Musat pointed out that adoption trends differ across Europe. Southern Europe, and Spain in particular, is investing heavily and leading in compliance and platform-as-a-service adoption. The UK is taking a more cautious approach, both in terms of budget and cloud use while the Nordics are setting the pace when it comes to security priorities.