The European Banking Federation (EBF) and digital systems provider Reply have entered into a partnership to share knowledge, best practices and lessons learned on the use of cloud computing in the banking sector across Europe.

The EBF unites 32 national banking associations in Europe that together represent around 3,500 banks.

The partnership aims to share knowledge within the banking community about the latest developments and insights in the adoption of new cloud-based “business enablers”.

“In the world of digital financial services, customer experience, technology, cyber security and the regulations that govern all of them, are more interlinked than ever,” said Niels-Peter van Doorn, chief operating officer at EBF.

“Reply has built expertise on digital topics across different industries and regions that can deepen our understanding of where innovation is taking the banking sector, and what’s needed to be successful in a secure and sustainable manner.”

Frederic Gielen, executive partner at Reply, added: “The services and virtual environments associated with the cloud have effectively transformed the traditional uses of technology. Our partnership with the EBF will create continuous product innovation in financial services.”

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