Public cloud deployment is no longer limited to non�mission critical software solutions at banks globally but is now considered a viable platform for more complex and critical workloads that have traditionally run on premises within the bank's own datacenters. The COVID-19 pandemic only strengthened the need for resilience, scalability, elasticity in demand, and operational efficiencies from the banks' technology platforms, all inherent characteristics of cloud computing. Software providers (ISVs) responded to the crisis in 2020 by offering cloud-based products that could be deployed in weeks or months instead of the traditional "build" approach that could take a year or more.
