To move quickly, enhance product propositions, and better compete is the order of the day for banks worldwide. Many of them, however, still rely on inflexible underlying technologies that prevent them from innovating. For all the talk of the benefits of leveraging the cloud, the costs and risks involved are still very much present in the banks’ consideration. On top of that, some cannot imagine working without their existing platforms. It may seem at first that there are too many questions with so few answers.

How will a move to the cloud serve both the existing banked customers and the unbanked population? Why is moving legacy technologies into the cloud not the same thing as a genuinely cloud-native, next-generation core banking system? In this episode of After Hours by RedCompass Labs, Vijay Oddiraju, the CEO and Co-Founder of Volante Technologies, clarifies these and many other such questions.