Navigating Cloud Migration Challenges in European Banking: A Cross-Atlantic Conundrum
By
Federico Romano
1 min read
⚠️ Heads up: this article is from our "experimental era" — a beautiful mess of enthusiasm ✨, caffeine ☕, and user-submitted chaos 🤹. We kept it because it’s part of our journey 🛤️ (and hey, everyone has awkward teenage years 😅).
Luboslava Uram, head of Digital Solutions at UniCredit, delves into the complexities facing European banks as they navigate cloud migration. While U.S. cloud providers offer scalability and efficiency, EBA's stringent compliance standards present significant obstacles. Striking a balance between innovation and stability is crucial, and collaborative efforts are essential for successful integration. Clearing the regulatory maze involves understanding the dual mandate, risks and rewards of cloud migration, transatlantic divides, compliance standards, and building collaboration frameworks. By fostering cooperation and harmonizing standards, European banks can accelerate their cloud adoption journey while ensuring compliance.