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Financial firms turn to the cloud to support innovation, not just cost cuts: LSEG

Nurdianah Md Nur
Nurdianah Md Nur • 3 min read
Financial firms turn to the cloud to support innovation, not just cost cuts: LSEG
LSEG's study also reveals that 82% of financial institutions now operate with either a multi-cloud or hybrid-cloud strategy, reflecting a shift toward greater flexibility and risk diversification. Photo: Unsplash
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Financial services firms around the world are increasingly viewing cloud adoption as a driver of innovation rather than just a cost-saving tool.

A recent study by the London Stock Exchange Group (LSEG) found that financial institutions are now measuring cloud success based on scalability (51%), revenue growth (47%), and improved security and resilience (47%).

More than half (54%) report that they have already migrated to the cloud and are seeing tangible benefits in areas such as risk management, customer engagement, and enterprise data access.

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