The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

Many banks still need convincing of cloud tech and digital signatures for treasury

Digitalization may be a hot topic in the treasury world, but many financial institutions remain unconvinced that the benefits justify the cost and disruption involved in moving away from in-house servers or manual signatures.


Almost one-in-five banks do not have access to cloud technology across their cash management, lending and trade finance business, while a similar percentage are not using digital signatures.

That is one of the most arresting findings from research published by Finastra into the priorities of heads of relationship, technology and product across global corporate banks.

It [is] difficult for banks to keep pace, further perpetuating this technology gap
Torsten Pull, Finastra

Capco partner Peter Kennedy suggests this is down to a combination of prioritization of resources and the fact that some banks are yet to be convinced by the business case.

“Adopting cloud technology isn’t just a case of moving to cheaper and more flexible hardware – it requires operating model changes and learning new skills,” he says. “Both involve investment and potential disruption, and some banks may also harbour security and regulatory concerns.

“As a result, it might appear easier and cheaper to delay adopting these digital technologies in the short term.”

Torsten Pull, general manager corporate banking at Finastra, also notes the stringent regulatory requirements and concerns around data security.

“For cloud computing and digital networks specifically, regulation around these systems is constantly changing and – combined with competing priorities – makes it difficult for banks to keep pace, further perpetuating this technology gap.”

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree