The three Cs of managed services in financial services are: ●     Cost: The managed services give rise to an opportunity for businesses to reduce their total overall costs. And they do it by implementing the necessary services only when needed. Moreover, financial firms also tend to avoid expensive downtime while setting up new solutions and running them feasibly. ●     Control: Managed services also provide added control to financial firms on their IT operations. The managed service providers make sure to tone down the complexity of the IT environments to allow the internal team of financial services firms to get better visibility for retaining control. ●     Consolidation: By partnering with the managed service providers, the banks have the flexibility to consolidate their technology expenses and associated operations. The shift of banking industries to the cloud has helped them adopt modern technologies and managed services have helped integrate them to attain business profits.