August 24, 2016
Cloud-based services have been driving efficiency and cost reduction across industries for quite some time now. In banking, however, the transition towards cloud storage and access has not been met with the same enthusiasm due to various reasons – risk management being one of the primary explanations.
Nevertheless, security matters do not neglect the benefits that cloud-based infrastructure in banking carries. Among some of them, professionals point out the opportunity to standardize IT across an organization, making it more straightforward for regulators to have a clear picture of any organization. Cloud-based storage and services make IT updates across the units of a complex international financial institution more efficient.
It is worth mentioning the efficiency that cloud-based infrastructure may bring into decision- ...