Cloud banking services and solutions

Futureproof your organization with cloud banking solutions that enhance your IT cost control, boost scalability, and ensure system stability, performance and resilience. 




Luxoft’s approach to the cloud in banking


Our mission is to help every client remain competitive in a digital-first economy with the help of cloud banking. However, every bank has different needs regarding this technology. That’s why we provide a full range of cloud banking services to match those unique demands. 

Our extensive tech expertise and problem-solving mindset allow us to find the right solution for your business goals, no matter how complex your challenges are. 


Our cloud banking services

Cloud consulting and assessment


Leverage our cloud banking expertise to evaluate your existing infrastructure, help you choose the right tech stack, or select a cloud provider. 

Cloud readiness and evaluation


Understand whether your business is ready for cloud migration and how to prepare it for the transition without friction for your daily operations. 

Cloud migration planning and execution


Seamlessly switch to cloud banking while keeping your activities and data secure and ensuring compliance to the letter. 

Cloud-native architecture development


Launch a scalable, highly automated, and secure cloud-native web or mobile banking app that is cost-efficient, resilient and optimized for high performance. 

Infrastructure and application modernization


Improve your resilience and competitiveness by ensuring your cloud banking systems are up-to-date on security, cost-efficiency, performance and compliance. 



Reduce time to market for new features and digital products and keep your applications highly secure with our DevSecOps cloud banking services. 

Cloud management and optimization


Let professionals worry about uptime, updates and security while you concentrate on growing your company in a digital-first economy. 

We work with

Private clouds

Hybrid clouds

Public clouds


Cloud banking benefits you can reap with Luxoft

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Ensure your software and data are safe and sound in a private cloud – without compromising on other benefits of the technology. 

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Weather load spikes with automatic real-time scaling that eliminates the risk of downtime – and irritating your customers – with our cloud services for banks. 

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Cost transparency

Accurately predict and effectively manage your cloud banking costs with transparent, pay-as-you-go pricing that adapts to your cloud computing needs. 

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Speed up time to market for new features and products with fast-to-create test environments for ensuring the quality of whole deployments. 

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Scale up your infrastructure with a couple of clicks and forget about on-premise hardware maintenance – focus your efforts on cloud banking software instead. 

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Have peace of mind regarding the uptime, resource availability, and system performance as the cloud banking vendor takes charge of the infrastructure’s reliability. 


Luxoft’s banking expertise at a glance

45+ years

of experience in transforming the banking industry 


industry players among active clients 


seasoned professionals on our team 


countries where we provide cloud banking services 


of the top 20 global banks entrusted us with their needs 


of our engineers have master’s degrees 


Our solutions

Banking services

Helping forward-thinking banks innovate and weather challenges for 45+ years, all while ensuring data security, compliance and outstanding customer experiences. 

Banking Transformation Advisory

Our Banking Transformation Advisory helps financial services institutions plan and execute their IT and business strategies across the evolving digital landscape.

Hogan Hybrid Cloud

Helping our clients reap the benefits of hybrid cloud banking with Hogan, a core banking solution: security combined with scalability and frictionless management. 


Our latest cloud banking insights

Digital transformation in banking: It’s time


Digital transformation in banking: It’s time

Why hybrid cloud benefits drive business transformation


Why hybrid cloud benefits drive business transformation

Hogan mainframe hybrid cloud — back to the future


Hogan mainframe hybrid cloud — back to the future



A public cloud is owned and maintained by a third party (e.g., Microsoft Azure). It comes with reduced, easily managed costs, as well as practically unlimited scalability and high reliability. However, sharing the hardware and storage with other organizations may cause security concerns and compliance issues. 

A private cloud means the computing resources are dedicated to your organization only. The physical infrastructure can be installed at your location or managed by a third party. A private cloud gives you more control over the technical aspects of the cloud, allowing you to tailor it to your business needs. However, it is more expensive to run. 

A hybrid cloud combines on-premise infrastructure or a private cloud with a public one. In cloud banking, it allows for getting the best of both worlds: the flexibility of the public cloud with the security and control of the private one or on-premise infrastructure. 

In banking, using more than one vendor for cloud-based banking allows financial institutions to achieve several goals simultaneously: 

  • Comply with regulations regarding the use of the cloud for processing sensitive data 
  • Ensure data security by storing it in a private cloud 
  • Maximize cost-efficiency, flexibility and scalability 
  • Extend into cloud-based banking without restricting themselves to a single vendor or solution 

For example, Bank of America diversified its cloud banking operations and added a secure third-party cloud to its existing private one. 

To bring cloud costs under control and get the most value out of the technology, consider adopting the FinOps (“financial operations”) approach. According to McKinsey, it can reduce cloud management costs by as much as 20 to 30 percent. 

Think of FinOps as a methodology based on the best practices in cloud financial management. Its five pillars are: 

  • Establishing accountability by standardizing cloud spending management 
  • Tracking business value by setting and measuring KPIs that demonstrate return on investment 
  • Optimizing costs by efficiently managing resources, adjusting pricing, and adapting architecture 
  • Planning and forecasting by identifying cost drivers, allocating spending, and benchmarking efficiency
  • Automating FinOps by introducing tools to analyze real-time spending and business value data and create budget alerts  

There are three main types of cloud service models in banking. They vary in what aspects of cloud management you’re responsible for in-house: 

  • Software-as-a-Service (SaaS). The SaaS model implies you get the whole application stack from your vendor. SaaS products include both software and hardware ready to use. The vendor updates and upgrades the software; your scope of responsibility involves only data and system configurations. 
  • Platform-as-a-Service (PaaS). In this case, a cloud banking company provides all the hardware and software resources required for cloud-native application development, deployment, and maintenance. You’re responsible for coding and rolling out apps and updates, as well as managing your data. 
  • Infrastructure-as-a-Service (IaaS). Under this model, the cloud vendor is responsible for the data center hardware and virtualization only. Your team will have to take care of the operating system, middleware, data management, and application development.