Comments
Where in the World Should Banks Store Their Data?
Newest First  |  Oldest First  |  Threaded View
Charlie Babcock
50%
50%
Charlie Babcock,
User Rank: Apprentice
7/18/2014 | 4:01:04 PM
Each country has its own rules....
Good advice from Matthew Porzio. Canada has a law that its citizen health care info can't be stored on U.S. servers due to inspections allowed by the Patriot Act. UK, Germany, France, Netherlands all have thier own "right to inspect" laws, I believe, for data on their soil. Data that originates in Germany, can't leave Germany. You need legal expertise to keep track....  
Byurcan
50%
50%
Byurcan,
User Rank: Author
7/17/2014 | 9:51:39 AM
Re: Not all the challenges are tech-based
Yes, especially as the author points out, in instances when data is stored ina  different place than a corporate HQ. Navigating different laws/regulations in different jurisdictions can be an onerous process.
KBurger
50%
50%
KBurger,
User Rank: Author
7/15/2014 | 1:34:09 PM
Not all the challenges are tech-based
This underscores the reality that when it comes to data management, storage, security and just about any kind of technology-based function, sometimes the biggest challenges are not about technology or IT -- sometimes the difficulty has more to do with legal and compliance issues, training, corporate structure, etc. Thanks for the thorough analysis, Matthew.


Register for Bank Systems & Technology Newsletters
White Papers
Current Issue
Bank Systems & Technology Dec. 2, 2014
BS&T's 2014 Elite 8 executives are leading their banks to success, whether it involves leveraging the cloud, modernizing core systems, or transforming into digital enterprises.
Slideshows
Video
Bank Systems & Technology Radio
Archived Audio Interviews
Join Bank Systems & Technology Associate Editor Bryan Yurcan, and guests Karen Massey and Jerry Silva from IDC Financial Insights, for a conversation about the firm's 11th annual FinTech rankings.