A growing number of financial institutions are seeing the benefits of hosted cloud solutions. In fact, many financial service organizations have either started using cloud services or plan to deploy them soon.
In today’s financial landscape, satisfying consumer demands quickly is a necessity. Instant credit and debit card issuance services help financial institutions to do so. A recent Aite study revealed that 63% of financial institutions offer in-branch, instant card issuance today. Still, there is room for improvement in how these services are delivered. Cloud or hybrid cloud-based solutions provide a way for institutions to provide instant issue while potentially eliminating IT-related costs, including upfront capital expenditures and long-term hardware or software maintenance.