Comments
IBM Signs Cloud Financial Services Deals
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Jonathan_Camhi
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Jonathan_Camhi,
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8/26/2014 | 1:03:20 PM
Re: Is cloud taking off?
Yeah very different from the secrecy around cloud use among American banks. I always hear things at conferences like "You'd be surprised by some of the big organizations using Amazon cloud services/Google apps for the enterprise." But we never find out who those organizations are or what benefits they've seen.
Greg MacSweeney
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Greg MacSweeney,
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8/26/2014 | 12:42:56 PM
Re: Is cloud taking off?
Good point, Jon. Westpac has been a long time user of cloud...and they have been very public about it too (which is refreshing).
Jonathan_Camhi
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Jonathan_Camhi,
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8/26/2014 | 12:02:08 PM
Re: Is cloud taking off?
We often see new innovative ways that banks can use technology coming from Australia and New Zealand. They seem to be a few years ahead of their American counterparts when it comes to digital transformation. So I would think that banks there are more comfortable with relying more on the cloud.
Greg MacSweeney
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Greg MacSweeney,
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8/26/2014 | 11:25:02 AM
Re: Is cloud taking off?
Yes, very true. Funny, it seems like we have been talking about cloud for ages, but in reality it has only been a few years. Although financial services is slower than other verticals, it has made progress.
Byurcan
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Byurcan,
User Rank: Author
8/26/2014 | 10:42:04 AM
Re: Is cloud taking off?
I think they're realzing at this point they cannot ignore cloud services and have to figure out a way to incorporate them, despite regulatory hurdles, internal opposition and other factors you mention.
Greg MacSweeney
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Greg MacSweeney,
User Rank: Author
8/26/2014 | 6:23:44 AM
Is cloud taking off?
I have seen a few other cloud-related deals happening in the financial services space lately. Does this mean that banks are finally finding ways to address security, regulatory and privacy concerns? And, more importantly, are banks able to figure out ways to overcome unnecessary internal opposition to cloud?


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