Banks are switching to cloud computing

It is estimated that in 2019, banks around the world will invest over $20 billion in cloud solutions. The implementation of cloud-based IT systems allows the financial sector to find a solution to many problems, such as the rising costs of IT support, competitive pressure from fintechs or threats in the area of cyber security. However, before banks face such challenges, they will have to deal with both a lack of confidence in new technologies and legislative restrictions.
The cloud guarantees the highest level of security at a fraction of the cost of building infrastructure in the in-house model. Until now, no hacker has been able to break into the private cloud.
(Alebank.pl)