Explained | Security concerns when moving banking data to the cloud

0
88
Explained |  Security concerns when moving banking data to the cloud

Some financial institutions and cloud providers support the use of hybrid cloud models rather than full migration to the cloud.

Some financial institutions and cloud providers support the use of hybrid cloud models rather than full migration to the cloud.

The story so far: Indian banks have called on the Reserve Bank of India (RBI) to allow cloud adoption and set rules for it, believing it is important for the digital transformation of traditional banks and to help them with their digital transformation -native competitors to compete. The Indian Banks’ Association, which includes members from banks such as State Bank of India, Punjab National Bank and Axis Bank, among others, prepared a report for RBI on cloud adoption. The report explained how cloud adoption in banks would be reflected in various areas such as cost reductions in maintaining technology and infrastructure, and offering banks customer-centric and active business models to grow their brands.

(Register for…

[ad_2]

Source link

Leave a Reply