Cloud Computing for Financial Services

Still have your ”head in the clouds” about using Cloud Computing for Financial Services?

For banking, insurance, and investment companies, having all of your information stored in one central location seems like an extremely convenient, but far too risky application. The most prevalent myth concerning the cloud claims that the cloud software is ”a hacker’s dream,” providing a potential perpetrator with access to all of the company’s private information. In reality, however, centralized information and, in turn, centralized security, provide not only a more organized infrastructure, but also a strong, highly concentrated security system. Specifically, increased migrations to cloud platforms will demand platform-specific changes which will automatically generate amplified protection measures; a common benefit for financial services firms transitioning to the cloud. As the old adage goes, the sky is the limit.