Public Cloud In Financial Services

Public cloud adoption has been growing steadily in many industries. Financial institution (FI) cloud adoption has been slower, though, because these firms are heavily regulated due to the large amount of confidential financial customer information they possess. FI information security; risk and compliance; and ecosystem management, integration, and control preferences are exceedingly high. As a result, many banking applications in the public cloud today are not mission critical or do not directly expose core systems and databases.

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