Using the cloud has become essential for meeting the needs of customers in financial services. New market entrants use it to move fast and innovate; while established players understand that the cloud is essential to meet the innovation challenge and increase efficiency. But complex regulatory barriers can cause frictions and hold back adoption. Pinsent Masons and industry body the BBA have boiled those problems down into seven hurdles banks have to clear. Read analysis from Pinsent Masons specialists below, or access the full BBA/Pinsent Masons report.10 Feb 2017
ANALYSIS: The IT security measures that banks and other financial institutions in Europe need to provide for in their contracts when outsourcing should be set out clearly in a single document, not spread across separate guidelines that do not correlate.