Modernizing financial services: A comprehensive guide to cloud migration and digital transformation

This article presents a comprehensive examination of digital transformation in financial services, focusing on the evolution from legacy systems to modern cloud-native architectures. The article explores key technological pillars, including cloud migration strategies, microservices architecture implementation, digital identity and KYC innovations, cross-border payment solutions, AI-driven fraud detection, and digital reliability engineering. Through analysis of real-world implementations and industry research, the article demonstrates how financial institutions are achieving substantial improvements in operational efficiency, system reliability, and customer experience through strategic digital transformation initiatives. The article provides detailed insights into the methodologies, challenges, and outcomes of modernization efforts across various aspects of financial technology infrastructure, offering valuable guidance for organizations undertaking similar transformation journeys.

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Publication Details

Journal
Zenodo (CERN European Organization for Nuclear Research)
Published
2025-05-31
DOI
https://doi.org/10.5281/zenodo.17301162
Primary Topic
FinTech, Crowdfunding, Digital Finance
Type
article
Field-Weighted Citation Impact
0.00
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article

Modernizing financial services: A comprehensive guide to cloud migration and digital transformation

Zenodo (CERN European Organization for Nuclear Research)
FinTech, Crowdfunding, Digital Finance
article

Modernizing financial services: A comprehensive guide to cloud migration and digital transformation

article en

Abstract

This article presents a comprehensive examination of digital transformation in financial services, focusing on the evolution from legacy systems to modern cloud-native architectures. The article explores key technological pillars, including cloud migration strategies, microservices architecture implementation, digital identity and KYC innovations, cross-border payment solutions, AI-driven fraud detection, and digital reliability engineering. Through analysis of real-world implementations and industry research, the article demonstrates how financial institutions are achieving substantial improvements in operational efficiency, system reliability, and customer experience through strategic digital transformation initiatives. The article provides detailed insights into the methodologies, challenges, and outcomes of modernization efforts across various aspects of financial technology infrastructure, offering valuable guidance for organizations undertaking similar transformation journeys.

Zenodo (CERN European Organization for Nuclear Research)
Acharya Nagarjuna University (IN)
Openalex Percentile: Top 33%
FinTech, Crowdfunding, Digital Finance
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Modernizing financial services: A comprehensive guide to cloud migration and digital transformation · Zenodo (CERN European Organization for Nuclear Research) (2025) | TGRS Research Map | TGRS