How Credit Checks Are Becoming More Sustainable in the Cloud
Sustainability is turning into a hot topic for all stakeholders in the financial services industry. One in three people say they would pay more for sustainable banking solutions, and 52% of banks are recognizing environmental concerns as an emerging risk over the next five years. The first idea worth recognizing is switching to cloud computing. From 2021 to 2024, planned transitions to cloud Computing are on track to save at least 629 million tons of carbon dioxide. The cloud can help reduce global emissions. Migrations to the cloud can reduceGlobal emissions by 59 million metric tons. A comparable action would be to take 22.9% reduction in total IT emissions. To multiply the amount of carbon reduced, cloud native architectures and deployments can drive emissions down even further.