The benefits of cloud computing are huge and include reduced capital expenditures, ongoing cost reductions and scalability. However, moving to the cloud is challenging even if it is also an opportunity to transform the way banks deliver business value to their stakeholders. By moving an existing system that was computer-intensive, time-critical and entailed a high cost of ownership, GFT achieved massive performance improvements for this tier 1 bank, taking it from an on-premise solution to a native cloud. GFT’s big data capabilities on the Google Cloud Platform improved performance by a factor of 24. In the meantime, the native cloud solution is four times cheaper than the previous on-premise solution.