Published Paper Details:

Cloud migration is rapidly reshaping the landscape of financial institutions by transforming legacy systems into agile, scalable, and cost-efficient digital infrastructures. This paper examines a range of migration strategies tailored for legacy financial systems, highlighting the challenges and opportunities encountered during the transition to cloud environments. The analysis addresses critical aspects such as risk mitigation, regulatory compliance, security enhancements, and system integration. A comparative framework is developed to evaluate the efficacy of various migration methods including lift-and-shift, re-platforming, and complete refactoring. Each strategy is assessed based on criteria such as operational downtime, data integrity, cost implications, and adaptability to evolving business needs. The study emphasizes the importance of a meticulously planned migration roadmap that aligns technological investments with strategic business objectives. It further explores how hybrid and multi-cloud deployments can offer flexibility while safeguarding sensitive financial data. Key challenges such as legacy system complexities, integration with modern cloud services, and resistance to change within organizations are critically examined. By synthesizing insights from industry case studies and emerging best practices, the paper provides actionable recommendations to guide financial institutions in making informed decisions. Ultimately, the research underscores that successful cloud migration requires a balanced approach that not only embraces technological innovation but also accounts for organizational culture, regulatory landscapes, and future growth trajectories. This comprehensive analysis serves as a practical guide for stakeholders aiming to leverage cloud technologies to enhance operational efficiency and foster digital transformation in the financial sector.