Cloud sovereignty is increasingly critical in the banking sector, addressing challenges like data residency, regulatory compliance, and vendor lock-in. Key insights include: Open-source solutions provide "cloud reversibility," enabling flexibility and avoiding vendor lock-in. Customization vs. interoperability: 20% of sovereign cloud users prioritize balancing these factors for app migration and modernization. Data portability challenges: 17% of users cite this as a top concern when adopting sovereign cloud solutions. Sovereign clouds enhance scalability, security, and cost efficiency while meeting strict regulatory requirements. Regional initiatives like RBI's localized cloud platform in India showcase efforts to boost digital sovereignty and affordability for financial institutions.

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