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The financial sector, while forging ahead in other areas of digital transformation, has been relatively slow to adopt the cloud and there has been good reason for it: banks have to deal with highly sensitive data and sharing data storage and compute resources with others could not even be envisaged, let alone adopted. However, just [...]

The post Cloud scalability seduces the financial sector – but there are challenges appeared first on Payments Cards & Mobile.

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Amid the excitement generated by technologies such as quantum computing, virtual reality, artificial intelligence and distributed ledger (DLT), cloud computing can be often overlooked. Yet at the recent Sibos event, it was evident that financial institutions are now serious about embracing cloud – including the public cloud – to reduce costs and improve resiliency and [...]

The post Banks now recognising the benefits of cloud computing technology appeared first on Payments Cards & Mobile.

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The financial services sector is one of the prime markets that stands to gain many benefits from cloud computing but, to date, this has proved rather difficult. This is hardly surprising when one considers the heavy regulation within this industry. On top of this there is also a lot of fear from organisations pertaining to [...]

The post Cloud computing: There’s a clearing in the cloud for financial services appeared first on Payments Cards & Mobile.

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Despite the continued importance of cloud computing resources to organizations, companies are not adopting appropriate governance and security measures to protect sensitive cloud data. These are just a few findings a Ponemon Institute study titled “The 2016 Global Cloud Data Security Study,” commissioned by Gemalto. The study surveyed more than 3,400 IT and IT security [...]

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