Even up to a few years ago, any suggestion of putting this sensitive data in the cloud was generally not well received, mostly due to security concerns. This is especially true for the financial services industry, which has actively avoided entrusting data to the cloud, fearing the searing heat of regulatory scrutiny should that data become compromised in a breach.
Faced with a new market dynamic, however, the financial services industry is addressing many of its cloud concerns and putting to rights the myths that have grown exponentially around cloud infrastructure.
In the regulatory space, more and more banks are now rapidly embracing deploying their regulatory applications on the cloud to take advantage of scalability, lower capital costs, ease of operations and resilience offered by cloud solutions.
In this paper, we explore the world of cloud-centric financial services and the benefits it can deliver to financial institutions. We’ll discuss:
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Fenergo has launched Fen-Cloud, a cloud-managed service offering that hosts Fenergo’s Client Lifecycle Management solutions in the cloud. This offering allows financial institutions to quickly get their CLM solutions up and running, while still maintaining the flexibility of customer-specific configuration, interfaces, and processes.
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