Thematic Report

Cloud-First Financial Future – How Banking, Financial Services, and Insurance (BFSI) Enterprises can Accelerate Transformation with Hyperscalers​

BFSI enterprises are evolving their cloud strategies to align more closely with business objectives. As cloud adoption matures, the focus is shifting from infrastructure-led migrations to unlocking value across five core transformation pillars: product and customer experience innovation, AI enablement, operational resilience, cost optimization, and regulatory compliance. Cloud is no longer viewed as a technology destination but as a broader business transformation enabler. This report explores how BFSI institutions are embedding cloud into the core of their business and operating models, with a growing emphasis on measurable outcomes and enterprise-wide orchestration.

The research highlights hyperscalers’ essential role in enabling this shift, providing not only cloud infrastructure but also the tools, frameworks, and ecosystem support needed to accelerate transformation. It introduces the CLOUD framework as a strategic lens to help enterprises evaluate and advance their cloud journeys. Through case examples and detailed analysis, the report also illustrates how ecosystem collaboration spanning FinTechs, providers, and regulators can act as a force multiplier for innovation, speed, and scale in the BFSI sector.