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5 Questions Every Banking CIO Should Ask Before Migrating Print to the Cloud

Picture of Kevin Pickhardt
Kevin Pickhardt

TL;DR

Cloud printing offers banks major advantages, including reduced costs, stronger security, simplified compliance, and reduced IT time managing infrastructure. But moving a highly distributed and regulated print environment requires strategic thinking.

These five questions can guide CIOs and IT leaders in building a smarter print transformation plan that aligns with banking operations and priorities.

Cloud Printing Is No Longer a Nice-to-Have

Banks are well into their cloud journeys. From core banking systems to CRM platforms and fraud detection tools, cloud adoption is reshaping how financial institutions operate. Yet printing often remains one of the final legacy systems still tethered to on-premises infrastructure.

For CIOs, this creates a gap in efficiency and security. On-prem print environments require ongoing maintenance, local server management, and custom configurations across every branch. Worse, they introduce risks that modern cloud environments work hard to eliminate.

Still, migrating to cloud printing in banking is not as simple as flipping a switch. With sensitive data, distributed teams, and strict compliance requirements, banks must ask the right questions to make the transition successful.

1. Does our print infrastructure align with our broader cloud strategy?

A bank’s cloud roadmap often includes core business platforms, customer data, and cybersecurity controls. Yet printing can be overlooked during digital transformation.

Pharos Cloud Printing Migration

Start by mapping your print environment against your overall cloud goals. Are your print servers centralized or scattered across office locations and branches? Can your IT team manage devices and policies remotely? Are you spending budget maintaining local servers when those resources could support higher-impact initiatives?

If printing is the outlier, it may be time to bring it into alignment.

2. What are the security implications of our current print setup?

Microsoft has identified that the printing technology stack is the most insecure part of their desktop services. Unpatched firmware. Unauthenticated print jobs. Hard drives that store sensitive documents. Vulnerable printers on the corporate network. Unencrypted drivers and print files are being sent across the network. These are just a few of the risks in outdated print environments.

In banking, the security stakes are high. Every endpoint that touches customer data must be protected. Cloud print management can help by enforcing encryption, enabling secure release printing, and integrating with identity management systems.

Ask your security team whether printers are part of a Zero Trust framework. If not, they should be.

3. How will cloud printing support our compliance requirements?

Regulatory bodies expect financial institutions to protect sensitive data wherever it lives. That includes documents in transit and at rest on multifunction devices.

Ask whether your current print infrastructure supports:

  • Data encryption during job submission and storage
  • Region-based data residency controls
  • Comprehensive audit logs and access reporting

Modern cloud print solutions can address these needs, often with less manual oversight than traditional on-prem systems.

4. What impact will this have on our branch operations, employees, and IT team?

Printing is a branch-level necessity, and an expected service for all employees, but managing it from the corporate office can be a headache. Different device types, different document types—like checks, inconsistent drivers, and printer-specific issues generate a steady stream of help desk tickets.

Ask how cloud printing can:

  • Centralize printer management
  • Eliminate driver and queue confusion
  • Provide security auditability
  • Support self-service for branch staff and remote teams

A good solution should reduce support tickets, improve employee experience, and elevate resiliency / uptime associated with critical workflows such as check printing.

5. What kind of insights will we gain?

Most banks have little to no visibility into how printing happens across their network. Cloud-based analytics can provide real-time dashboards showing device usage, print volumes, user behaviors, and cost centers.

Ask how analytics can:

  • Identify high-cost printing behaviors
  • Support sustainability and waste reduction
  • Justify policy changes with real data

More insight means more control over cost, compliance, and performance.

Final Thought

Cloud printing is not just a technology decision. It is a strategic move that impacts risk management, compliance, operations, and the customer experience. By asking the right questions early, CIOs can lead a print transformation that aligns with the goals and complexity of modern banking.

Picture of Kevin Pickhardt
about the author

Kevin Pickhardt

description

Kevin Pickhardt is the Executive Chairman of Pharos, where he brings decades of leadership experience in scaling enterprise technology companies and guiding long-term growth strategies. With a strong background in building and advising technology-driven organizations, Pickhardt plays a key role in shaping Pharos’s vision around PrintOps — the modern cloud-native, user-centric approach to printing and the infrastructure and operations that support it. His leadership emphasizes operational discipline, customer trust, and sustainable growth across highly regulated and complex enterprise environments.

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Is cloud printing secure enough for banks?

Yes. Modern cloud print platforms offer encryption, access control, and secure release printing, aligning with banking security standards.

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What about data privacy requirements?

Leading providers offer region-based data controls, allowing institutions to comply with international and regional data privacy regulations.

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How long does a migration typically take?

Timelines vary based on the number of locations and devices, but cloud solutions can often be rolled out incrementally, often while leaving existing infrastructure in place to ensure continuous availability during an implementation. This is where the right migration strategy and tools are essential.

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How can cloud print management reduce printing costs?

Cloud print management can reduce costs by simplifying infrastructure, reducing print-server overhead, improving visibility into usage, enforcing smarter policies, and helping IT support printing more efficiently.

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Who should own the migration project?

CIOs typically lead strategy, with collaboration from security, compliance, and IT operations teams.