Definition ∞ A cloud banking platform delivers financial services infrastructure and applications over the internet. These platforms leverage cloud computing resources to provide scalable, flexible, and often more cost-effective solutions for banking operations, including core banking, payments, and data analytics. They enable financial institutions, including those involved with digital assets, to modernize their systems, reduce overhead, and accelerate the deployment of new products. This technological approach supports enhanced security and regulatory compliance capabilities.
Context ∞ The migration to cloud banking platforms represents a significant trend in traditional finance, with increasing relevance for the digital asset sector seeking robust, secure, and adaptable infrastructure. A central discussion involves ensuring data privacy and regulatory adherence when financial operations are hosted by third-party cloud providers. Future progress will likely see further integration of blockchain technologies and decentralized finance protocols within these cloud environments, driving efficiency and accessibility in global financial services.
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