Cloud Computing: Is Your Bank on Board?
- 1. Cloud computing is changing the way banks operate. Is your bank on board? 1
- 2. Cloud computing. What is it? Never used it. ? 2
- 3. You may already be in the cloud. v 65% Bank online 63% Shop online 58% Use social networking 29% Store photos online 22% Store music or videos online 3
- 4. Instagram played it smart to the tune of $1 billion: They used a 3rd party cloud provider to handle their needs more efficiently, securely and at a fraction of the cost. 4
- 5. “We are on a shift that is as momentous and as fundamental as the shift to the electrical grid.” – Andrew Jassey, Amazon Web Services 5
- 6. Cloud computing is a powerful network. 6
- 7. Cloud computing is a versatile tool. Store, access and share data across internet-connected devices Rent data storage and pay-as-you-g0 computer time Economies of scale keep costs down 7
- 8. Cloud computing is like electricity. You pay only for what you use Next major computing trend for the changing consumer – your customer 8
- 9. “A new era in banking – cloud computing changes the game.” Accenture stresses: Cloud computing will play major role for all banks Supports what banks will need to compete and win in the future 9
- 10. Cloud computing will shake up the banking industry. Transform product offerings, channels and customer service Reshape core banking operations Stay relevant to customers 10
- 11. Banks can use cloud computing to: Support core banking applications Provide financial services offerings to leverage social and mobile media Transform banking experience and relationships for customers 11
- 12. Banks can use cloud computing to: Support core banking applications Provide financial services offerings to leverage social and mobile media Transform banking experience and relationships for customers 12
- 13. What CLOUDecision can do – support core banking applications. Create financial and business spreading Origination and decisioning for auto, small business and consumer finance loans Origination and spreading for C&I and A&D loans 13
- 14. What CLOUDecision can do – support banking applications. Perform portfolio analysis and loan stress testing Comply with regulations and capital stress testing requirements Create sources and uses of cash flow, manage draws 14
- 15. Leveraging social media Citigroup and Bank of America reach out in the cloud Community banks can do the same 15
- 16. “Banks must prepare for the new environment or risk being left behind.” CLOUDecision is technology enablement for community banks. 16
- 17. Cloud computing is a business model. Focus on points of differentiation Lower cost, more flexible, more service-oriented “A cloud-based model provides rapid acquisition, low to no capital investment, relatively low operating costs and variable pricing tied directly to use.” CLOUDecision pay-per-user model reduces costs by over 80%. 17
- 18. Cloud computing for community banks. Pursue new and existing markets Rapid entry Infrastructure and service capacity can grow with your business Cloud computing scales to meet your bank’s needs CLOUDecision software is adaptable and scaleable as your business grows. 18
- 19. Move more banking activities to the cloud. Virtual environment, greater automation, flexibility, adaptability BBVA reaches out in the cloud 19
- 20. What’s holding banks back? primary concerns Perception vs. reality • Cost is very low and scaleable • Security and privacy superior to banks’ internal systems A-list cloud providers meet strict criteria 20
- 21. What’s an A-list provider of cloud-based services? We meet the strictest criteria for security and privacy Extensive security and privacy mechanisms in place 21
- 22. Software as a service, or SAAS Internet email, Google Docs, salesforce.com and CLOUDecision Mckinsey & Company: “…the online delivery of software or software as a service is shaking the industry’s foundations. Traditional vendors should take heed.” 22
- 23. Extremely affordable on demand software solutions. Financial analysis, statement spreading, stress testing, portfolio analysis, reporting and commercial lending decisioning Helps banks to become regulatory compliant 23
- 24. CLOUDecision’s 5 points of differentiation: 1) 100% cloud-based with easy 24/7 access from anywhere 2) Most advanced security, privacy 3) 8 mutually exclusive banking solutions 4) Huge cost savings 5) Very affordable pay-as-you-go user pricing 24
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- 26. CLOUDecision software solutions PRO Financial analytics, financial spreading $9.99 per month per user PREMIUM (includes PRO) Business, individual and global financial analysis $14.99 per month per user 26
- 27. COMPLETE Commercial loan decisioning $19.99 per month per user ADVANCED Portfolio management, stress testing, slice and stress testing $125.00 per month per user 27
- 28. COMMERCIAL RE CRE origination, rent roll, underwriting and decisioning $29.99 per month per user SMALL BUSINESS DECISIONING Origination, underwriting, score card and decisioning $24.99 per month per user 28
- 29. CONSUMER FINANCE Origination, underwriting score card and decisioning $24.99 per month per user CONSTRUCTION MANAGEMENT Construction analysis, draws, absorptions and monitoring $34.99 per month per user 29
- 30. CLOUDecision software includes: Training, ongoing customer service support and online tutorials Built-in regulatory compliance controls 30
- 31. CLOUDecision.com Sign up and use right away FREE 7-day trial One-on-one demo to address your specific needs 31
- 32. Cross River Bank Signed up for Advanced software to comply with regulatory changes Using our back-end servicing to integrate information into one central location 32
- 33. “Every bank is different, but nearly all face a monumental challenge in aggregating and consolidating data, assessing portfolio risk and making it accessible to the board and to the regulatory officials.” 33
- 34. “Using CLOUDecision’s business financials, commercial RE and portfolio analysis and stress testing and comprehensive back-end servicing, we are able to compile, consolidate data from hard copies, scanned documents, excel, word, core systems and from shared drives. We created a central database for financial analysis, risk analysis and portfolio analysis stress testing.” 34
- 35. Q&A Chat line Phone Art Dague adague@cloudecision.com 35