Innovation in Fintech is booming and ideas are continuously being explored and implemented rapidly. This has resulted in the need for Fintech companies to use a variety of technologies, including artificial intelligence (AI), big data, robotic process automation (RPA), and blockchain. Implementing technological innovations in any organization comes with several prerequisites with top considerations being agility, scalability and security. The cloud option, for instance, was mostly perceived as a convenience due to the relatively shorter time-to-market. Yet, there were constraints in terms of customizability, functionality and security. Therefore, only few industries adopted the cloud initially, while those like BFSI were hesitant. Today, however, cloud offerings across the globe not only have addressed these constraints but also have matured to provide low cost adoption, global access and hybrid models to take care of concerns like security. Therefore, cloud has become a necessity!