Cloud-native vs Cloud-migrated Applications in Digital Banking

This white paper discusses the differences between cloud-native and cloud-migrated applications, particularly in the context of digital banking. It outlines how cloud computing has become essential for modern financial operations and highlights the significance of understanding these two approaches to cloud adoption. Cloud-native applications are designed specifically for cloud environments, leveraging scalability, flexibility, and resilience, while cloud-migrated applications are legacy systems transitioned to the cloud without full optimization. The paper details the characteristics of each approach, including microservices architecture and DevOps culture for cloud-native applications, and the incremental benefits of cloud migration for existing legacy systems. It also addresses the importance of cloud-native technology for financial institutions, emphasizing benefits such as fast updates, scalability, and reduced downtime. The document concludes by comparing the key differences between the two application types, underscoring the necessity for financial institutions to adopt cloud-native solutions to remain competitive in a rapidly evolving digital landscape.