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Why Bank of America is not using the public cloud

As Bank of America has undergone a massive transformation of its technical infrastructure during the past few years, there’s one emerging technology the financial firm is not using: IaaS public cloud.

In an interview with Bank of America CTO David Reilly I asked him if the bank uses the cloud in an organized, IT-driven manner. He basically said it’s not worth it. The bank has a big enough IT footprint that they don’t need to use the cloud.

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