Cloud adoption: a step towards sustainability 

Another way technology is reshaping the financial sector is through the widespread adoption of cloud technologies. Public cloud migrations have been shown to deliver significant benefits, including reducing overall costs by 30-40% (2), while also promoting sustainability. 

Cloud-native SaaS solutions, for instance, help reduce the need for energy-intensive on-premises infrastructure, ultimately lowering energy consumption and carbon emissions. Financial institutions—ranging from lenders to neo-banks and even traditional banks—are increasingly turning to cloud-native software as part of their efforts to achieve net-zero emissions. 

For instance, migrating workloads to Microsoft Azure has enabled financial services to decrease their carbon footprint by as much as 98%. (3) 

How Akkuro Core Banking supports ESG goals 

At Akkuro, we are acutely aware of the urgent challenge posed by climate change. 

In response, our cloud-native core banking platform has been carefully designed with sustainability in mind. By using modern technologies and principles that prioritize energy efficiency and resource optimization, our platform significantly reduces carbon emissions compared to traditional on-premises computing solutions. 

In addition to enabling energy-efficient operations through cloud-native infrastructure, Akkuro supports lenders in unlocking the financial potential of home sustainability improvements. Our calculation services provide clear insight into borrowing capacity, affordability, and mortgage scenarios related to energy-efficiency investments. By offering accurate and transparent financial calculations, we help lenders advise homeowners on how sustainability measures can be responsibly financed within their existing or new mortgage structures.

We are fully committed to providing our clients with a cutting-edge SaaS platform that not only supports the most innovative financial practices but also plays a pivotal role in advancing sustainable finance. Together, we can create a greener, more sustainable future. 

Feel free to get in touch to talk about accelerating Green Finance. 

Reference:   

  1. EIB approves € 12.6 billion financing for transport, clean energy, urban development and COVID-19 resilience 
  2. Cloud Computing Sustainability & The Green Cloud | Accenture  
  3. Microsoft Azure Sustainability - Microsoft Sustainability  
  4. ESG framework | McKinsey