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Banks and large financial service providers offering their services in the European Union are set to face tough new regulations on services that have, or are planning to move to... read more

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The UK’s Prudential Regulation Authority (PRA), which oversees financial stability, is to take steps to bolster banks on the cloud. Data storage is a systemic vulnerability just like financial risk. The regulator... read more

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San Francisco has voted to ban the use of facial recognition, the first US city to do so. The ban means its local police, transport and other agencies will not... more

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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.

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.