EY Cloud for Financial Services

In Financial services

EY teams help financial services organizations re-think business processes and operating models, through cloud-enabled platforms, emerging technologies and generation-skipping transformation. Cloud adoption is the backbone of digital innovation.

Related topics

Financial services

Banking and capital markets

Wealth and asset management

The team

Photographic portrait of Paul J Sussex

EY Americas Digital and Financial Services Cloud Leader

Photographic portrait of Ayman Awada

EY EMEIA Financial Services Technology Consulting Leader

Photographic portrait of Aaron Perryman

EY Asia-Pacific Financial Services Consulting and Digital Leader; Asia-Pacific Financial Services Diversity & Inclusiveness (D&I) Sponsoring Partner

Case Study The better the question The better the answer The better the world works

After cloud migration, investment bank sees potential for big dividends

The bank expanded capabilities, improved connections and created innovative new offerings.

View case study

The better the question

How can a bank profit by moving vital assets to the cloud?

A leading investment bank sought to incorporate the cloud into a major business initiative. Continue reading

The better the answer

Covering all the bases helped provide success

Building an experienced, cross-functional team was the foundation for this journey. Continue reading

The better the world works

Shaving one year off the cloud migration

A logical, consistent approach freed the client to focus on its business. Continue reading

EY Cloud Enablement Center

Learn how the EY Cloud Enablement Center (CEC) helps heavily regulated businesses navigate complex cloud transformation.
Read more

What EY can do for you

The cloud holds great promise for the financial services sector as a catalyst for digital transformation. Yet the journey to cloud can be challenging — with added complexities in managing risk, regulatory requirements, cybersecurity and resiliency. It takes a rare combination of knowledge and experience to move to the cloud in a way that is compliant, secure and at pace with rapidly evolving market demands.

EY Cloud for Financial Services helps firms safely harness the power of the cloud to propel their business forward and adapt with agility.

A smarter, safer path to cloud

As one of the most data-intensive and heavily regulated sectors in the global market, financial services firms face unique challenges when moving to the cloud.

EY Cloud for Financial Services brings together the full breadth of EY risk and regulatory acumen, industry and technology insights, and global ecosystem to help drive innovation through cloud-enabled services and solutions. We help clients adapt with agility by harnessing the power of people and technology to create a smarter, safer path to the cloud.

Cloud ecosystem black

What financial services firms can do with EY Cloud

Our business-first, technology-enabled approach equips financial services firms to achieve transformational results from a strategic shift to the cloud — elevate the customer experience, empower employees, modernize systems and manage risk.

Drive outcomes faster

Our deep understanding of the financial services and regulatory landscape means we can help you resolve the most complex data and technology challenges quickly, cost-effectively and in a way that keeps you compliant.

Accelerate cloud transformation

Leverage EY investments in an expansive cloud ecosystem of talent, technology, assets and collaborations to design and build a secure, resilient cloud foundation at speed and scale.

Reduce risk from start to finish

Help reduce operational risk and meet regulatory requirements with the end-to-end EY framework for cloud data governance and control.

EY cloud global scale: experience, investments and depth

CEC cloud exp inv depth 8 latest

See how EY Cloud helps to reshape results

Global investment management firm

▉ The issue

To successfully realize a cloud-first business strategy, the management firm needed the right foundation for governance, risk, architecture and organizational change.

▉ The solution

The EY team leveraged its business, regulatory and technology skill to help the client activate a newly formed cloud organization.

▉ The outcome

The EY team delivered a comprehensive set of assets that helped accelerate the firm’s cloud journey by 12 months.

Leading US banking institution

▉ The issue

Aggressive growth goals pivoted on the bank’s ability to use data and deep insights involving machine learning in the cloud.

▉ The solution

EY professionals designed and implemented a cost-effective cloud environment using cloud-agnostic tools to upload, transform, migrate and protect data in the cloud.

▉ The outcome

The client was able to quickly and effectively make decisions based on information from newly developed KPI dashboards while analyzing over 1 billion transactions per second.

Leading US insurance company

▉ The issue

A multiyear initiative to migrate 1,000+ applications to the cloud was hampered by lack of buy-in from product and application owners.

▉ The solution

EY services helped accelerate the end-to-end migration and to establish value-based business outcomes for moving applications to the cloud.

▉ The outcome

The company was able to migrate applications effectively and safely, with cross-departmental controls and security checks in place and documented ROI.

EY Cloud industry recognition

Leader in the IDC MarketSpace for Worldwide Cloud Professional Services 2022

Leader in the Forrester Waveᵀᴹ: Innovation Consulting Services, Q2 2021

Leader in 2021 Gartner Magic Quadrant for Data & Analytics Service Providers

Leader in the ALM Pacesetter for Cybersecurity Services 2020

EY named a leader in The IDC MarketScape: Worldwide Cloud Professional Services 2022 Vendor Assessment

We are extremely proud to announce that EY has been recognized as a leader for cloud professional services. According to IDC, EY provides end-to-end cloud professional services, ranging from strategy to implementation. The firm provides a wholistic approach to cloud technology services by providing deep business and industry knowledge, attention to risk management, experienced practitioners, and delivery centers.

Source: IDC MarketScape: Worldwide Cloud Professional Services 2022 Vendor Assessment", By: Gard Little, April 2022, IDC #US48061322

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IDC cloud marketscape

EY Cloud capabilities across the cloud ecosystem

EY Cloud alliances ecosystem

EY member firms collaborate with leading cloud providers to help organizations make the right technology choices at every phase of their journey to the cloud. Our providers include the following and more (ask us about all our alliances):

Microsoft

The EY and Microsoft alliance combines deep EY insights and experience in disruptive industry trends, new business models and evolving processes with Microsoft’s scalable, enterprise cloud platform and digital technologies. Together, we can help accelerate digital strategy and make it a reality to thrive in a digital world.

SAP

EY and SAP collaborate to accelerate positive change, from fast tracking the adoption of intelligent technology and new ways of working, to pivoting quickly to evolve with changing consumer expectations, while creating more engaging experiences for employees. The journey to a cloud-led architecture allows our clients to achieve their sustainability targets and long-term value, faster.

IBM

IBM combines EY’s leading consulting practices and innovative IBM technology to help clients successfully migrate and manage complex and regulated workloads in a multi & hybrid-cloud world.

ServiceNow

Together, EY professionals and ServiceNow can quickly design, develop and deploy business solutions that automate once manual processes. By combining the ServiceNow platform with EY end-to-end business transformation experience, we help clients quickly find value by streamlining processes that improve the productivity, agility and scalability of their business.

The team

Paul Sussex

EY Americas Digital and Financial Services Cloud Leader

Technology Transformation and Cloud leader. Over 25 years of experience in the financial services industry. Expertise in business-led, technology-enabled transformation.

Ayman Awada

EY EMEIA Financial Services Technology Consulting Leader

Passionate about driving positive societal and economic change through technology. Experienced in architecture, strategy, cloud and technology transformation. Championing diversity within technology.

Aaron Perryman

EY Asia-Pacific Financial Services Consulting and Digital Leader; Asia-Pacific Financial Services Diversity & Inclusiveness (D&I) Sponsoring Partner

Leader of Consulting and digital businesses for financial services in EY Asia-Pacific.

Our latest thinking

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Daniel Connolly + 2

EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.