Abstract digital network connecting diverse business concepts with AI and digitalization.
09.06.2020

Security at the next level: How banks protect their applications

When it comes to bank security, the cloud strategy is decisive in the war. In this article, you will learn which security solutions IT managers are using to successfully position themselves in the finance sector.

More and more banks are turning to cloud systems for their new activities. New competitors are pushing into the market. Google Pay, Apple Pay, N26 and other Fintechs want to compete with the traditional banks in the consumer business. The younger generation in particular is willing to change and quickly succumbs to the temptation of hip offers. The challenges are enormous. It is difficult to operate profitably.

Traditional banks often find it difficult to integrate these trends into their applications and offerings because they are usually held back by legacy systems in the IT infrastructure. IT has a responsibility to drive the digital transformation and reduce costs at the same time.