Navigating cloud adoption in banking requires a meticulous approach. Anil Kuril, Chief Technology Officer of Union Bank of India, highlights the importance of a balanced strategy that leverages private and public cloud solutions while ensuring data sovereignty and privacy. Challenges and opportunities in this transformative process involve managing legacy systems, addressing security concerns, and harnessing emerging technologies like AI and machine learning. An agile and resilient infrastructure is pivotal for banking institutions to thrive amidst the evolving landscape of cloud technology.
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