Current Crisis Could Push Banks to the Cloud Sooner

Digital banking and cloud based banking solutions are seeing a big uptake with the current crisis; Paul Taylor of Thought Machine believes a crisis like this will help to push banks to the cloud sooner; “Each event like this,” Taylor tells AltFi. “Pushes banks further towards realising they really have to get on top of cloud-centric banking once and for all.”; he goes on to say that fixing the foundation of banking could help to put millions back into the pockets of banks and ultimately the consumers; the company just raised a big round of capital and is looking to use the new capital to expand internationally and move into new areas of banking; “Currently we’re very much focused on retail banking, but small and medium-sized enterprise (SME) banking is pretty close, so we’re looking at that, and then it’s private banking and commercial or corporate banking,” Taylor tells AltFi. Altfi

  • Emily Donato

    With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.