{"id":1867155,"date":"2021-09-20T00:45:34","date_gmt":"2021-09-20T04:45:34","guid":{"rendered":"https:\/\/www.fintechnews.org\/?p=19558"},"modified":"2021-09-20T00:45:34","modified_gmt":"2021-09-20T04:45:34","slug":"financial-services-businesses-charging-towards-cloud-computing-technology","status":"publish","type":"station","link":"https:\/\/platoaistream.net\/plato-data\/financial-services-businesses-charging-towards-cloud-computing-technology\/","title":{"rendered":"Financial services businesses charging towards cloud computing technology"},"content":{"rendered":"\n<div><img decoding=\"async\" src=\"https:\/\/platoaistream.net\/wp-content\/uploads\/2021\/09\/financial-services-businesses-charging-towards-cloud-computing-technology.jpg\" class=\"ff-og-image-inserted\"><\/div>\n<p>Almost half of financial service industry businesses use either public or private cloud services, despite nearly 60% not having sufficient in-company knowledge for proper cloud execution.<\/p>\n<p><strong>The usage of cloud computing technology by financial services businesses is set to hit 90% by 2023, according to a Frost &amp; Sullivan white paper.<\/strong><\/p>\n<p><strong>Banks and other financial entities are already among the highest users of hybrid cloud, the adoption of which grew an additional 8% in 2020.<\/strong><\/p>\n<p><strong>Banks, however, have unique requirements when compared to many other industries that complicate their ability to pursue the advantages of the cloud. These include being highly regulated, the protection of personal information, a lack of technical knowledge to migrate to the cloud and competitive challenges.<\/strong><\/p>\n<p><strong>According to the white paper, data compliance and security are the top concerns for cloud implementation for the financial services industry, affecting 66% of businesses, as 89% of IT executives in the industry reported an increase in cyberattacks last year.<\/strong><\/p>\n<p>This white paper is supported by research released earlier in the month by Harris Poll and Google Cloud, which found that 83% of financial services companies around the world had adopted some form of cloud-based technology as part of their primary computing infrastructure.<\/p>\n<p><strong>It also showed that North American and Canadian firms are leading the way when it comes to converting to cloud computing \u2013 54% and 52% of their workload, respectively, is on the cloud.<\/strong><\/p>\n<p> <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/www.fintechnews.org\/financial-services-businesses-charging-towards-cloud-computing-technology-2\/\">Source: https:\/\/www.fintechnews.org\/financial-services-businesses-charging-towards-cloud-computing-technology-2\/<\/a><\/p>\n","protected":false},"author":1,"featured_media":1081896,"template":"","meta":{"_eb_attr":"","type":"","auto_type":false,"post":"","stream":"","stream_url":"","waveform_data":[],"duration":0,"bpm":0,"downloadable":false,"download_url":"","purchase_title":"","purchase_url":"","post-count-all":0,"like_count":0,"download_count":0,"editor_note":"","copyright":"","captions":[]},"genre":[10656],"artist":[11242],"mood":[],"activity":[],"station_tag":[43567,4397,3942,3680,5086,3787,3718,4054,5566,4527,4297,5349,6995,3889,4057,5256,5996,3642,10747,4172,3900,4176,4177,44528,3647,18780,3650,5660,44903,3733,4187,4009,3908,3909,3653,4597,3735,5112,3663,4321,5334,4212,4214,4215,4111,3710,4220,3975,3976,4034,4126,4127,8266,3750,3755,7025,3878,3717],"_links":{"self":[{"href":"https:\/\/platoaistream.net\/wp-json\/wp\/v2\/station\/1867155"}],"collection":[{"href":"https:\/\/platoaistream.net\/wp-json\/wp\/v2\/station"}],"about":[{"href":"https:\/\/platoaistream.net\/wp-json\/wp\/v2\/types\/station"}],"author":[{"embeddable":true,"href":"https:\/\/platoaistream.net\/wp-json\/wp\/v2\/users\/1"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/platoaistream.net\/wp-json\/wp\/v2\/media\/1081896"}],"wp:attachment":[{"href":"https:\/\/platoaistream.net\/wp-json\/wp\/v2\/media?parent=1867155"}],"wp:term":[{"taxonomy":"genre","embeddable":true,"href":"https:\/\/platoaistream.net\/wp-json\/wp\/v2\/genre?post=1867155"},{"taxonomy":"artist","embeddable":true,"href":"https:\/\/platoaistream.net\/wp-json\/wp\/v2\/artist?post=1867155"},{"taxonomy":"mood","embeddable":true,"href":"https:\/\/platoaistream.net\/wp-json\/wp\/v2\/mood?post=1867155"},{"taxonomy":"activity","embeddable":true,"href":"https:\/\/platoaistream.net\/wp-json\/wp\/v2\/activity?post=1867155"},{"taxonomy":"station_tag","embeddable":true,"href":"https:\/\/platoaistream.net\/wp-json\/wp\/v2\/station_tag?post=1867155"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}