A spate of announcements recently of services being offered on the cloud to the financial sector is evidence of increasing comfort around adoption, say industry experts. Swift announced earlier this month it has teamed up with SAP to offer connectivity over the cloud, while Finastra announced it was entering into a strategic alliance with Microsoft Azure.
The moves come off the back of some 78 pages of cloud service provider guidelines from the European Banking Authority (EBA) last December, covering everything from data and system security to audit rights and chain outsourcing.
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