Thought Machine CEO Paul Taylor on cloud-adoption strategy

Banks must fully commit to the cloud in their digital banking strategies while also using cloud adoption as a rallying point for end-to-end automation, Paul Taylor, chief executive of cloud core provider Thought Machine, tells Bank Automation News in this episode of “The Buzz” podcast. In the wake of COVID-19, many banks shifted their internal and external processes to a cloud-enabled digital format, which could withstand the disruption of the pandemic and its ensuing fallout. However, there is a significant difference between simply adopting a cloud platform and becoming fully cloud native in all technical aspects.  “If you don't play to the cloud strengths, what's the point? You're effectively just outsourcing the hardware maintenance of the system, but you haven't really changed much else,” Taylor tells BAN. “Fully embracing cloud-native means that you put applications in containers, run them in pods, and maintain elastic scalability. That really gives you a huge advantage.” “Embrace and commit to it rather than just getting your own software to run on it,” he adds. Listen as Taylor discusses best practices in banking cloud adoption, along with the potential risk factors of over-automation.