The financial industry has been one of the most reticent to adopt IaaS public cloud computing services, but researchers at Deutsche Bank predict that big banks’ use of cloud will ramp up “materially” in 2017.
Regulatory barriers, questions about security and legacy IT installations are the leading reasons financial services companies have not used public cloud compute and storage services thusfar, DB researchers say. Increasingly however, banks are facing pressure to cut costs and increase flexibility of IT environments.
