Players in specialized finance like central banks, commercial financing companies, insurers, factoring services, specialty boutiques, and trade institutions already rely to a greater or lesser extent on the cloud for flexibility and scalability.
Consumers are already favoring payment systems that can be used on phones and have an integration with Google Pay, Apple Pay, etc. This is simply not possible without the cloud. In addition, the added security benefits of using the cloud are enough to gain regulatory approval, making it a winning solution for compliance teams around the world.