CoreMatrix Reports Banks & Financial Institutions are Demonstrating Increasing Confidence in Cloud Computing

Mon Mar 25, 2013 7:07am EDT

* Reuters is not responsible for the content in this press release.

RED BANK, N.J., March 25, 2013 (GLOBE NEWSWIRE) -- CoreMatrix
, a leading cloud computing consulting company, today announced that the banking and financial
services industry is demonstrating increasing confidence in cloud computing solutions.

A common business driver motivating many banks to migrate to the cloud is the need for better
customer relationships. Customer-focused applications such as cloud CRM solutions with Social
capabilities are a natural fit for financial institutions. Consumers spend so much time using
social media, which produces a wealth of data that banks can use to target their offerings and
increase personalization.

These trends, along with the combination of cloud computing benefits such as pay-per-use
environment, on-demand infrastructure and storage, and unprecedented agility and speed to launch
new services are giving banks the advantages they need to compete and win business.

CoreMatrix Co-Founder, Paul Nix, also pointed out that concerns over data security and customer
privacy are diminishing as leading cloud vendors continue to prove they can provide secure
services that meet regulatory requirements.

"In any industry and in any computing environment, data security is always a concern," Nix said.
"But banks and other financial institutions are discovering that their data can be every bit as
secure in the cloud as behind corporate firewalls. Cloud vendors are experts in security-their
entire business model depends on it."

Nix also said that advances in cloud technology are giving customers the option of implementing
solutions in private or hybrid cloud environments. In addition, banks are integrating
customer-focused cloud applications with other systems they use, including Jack Henry SilverLake
Financial Systems.

For more information about how banks and financial institutions are finding success with cloud
computing, read the new CoreMatrix eBrief, "Cloud Solutions Help Banks and Financial Institutions
Connect with Customers."

About CoreMatrix Systems 

CoreMatrix (
) is a leading provider of cloud computing consulting, systems integration, custom application
development, social strategy execution and managed services for mid-sized to Fortune 500
companies. With experience gained from more than 1,800 cloud computing engagements, CoreMatrix is
dedicated to helping customers achieve their objectives and obtain the greatest value from their
investments. Customer examples include: American Express Travel Management Services, 20/20
Companies, PharmaNet/I3, Wells Real Estate Funds, Designer Shoe Warehouse, Transocean, GTECH,
Bridgestone and WebMD.

Joan Rothman

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