Cloud adoption special report 2018
If banks had been hesitant to move their data and processes to the cloud, recent regulatory requirements have certainly provided a final nudge in that direction.
Cloud computing has been around for many years as a potential means of expanding the computing capacity of banks, but security concerns had largely kept most firms from taking the plunge.
However, that is about to change – whether the industry likes it or not. The additional strain on resources because of increased competition and regulations such as FRTB means banks are left with no other choice.
Risk.net convened a webinar in collaboration with Murex to explore how, as more financial institutions move to the cloud, they can get the most out of their technology investments
Firms undecided between buying from a vendor or building bespoke software can look to Beacon, whose ‘buy-and-build on-top-of’ offering combines the best of both options, writes Alex Sayle, global head of platform engineering at Beacon Platform
Light on cash, risk management fintechs face an extended gauntlet most won’t survive
Regulatory technology could be effective in improving data reporting and monitoring, but central banks have a long way to go to make it a reality
Decentralisation of electricity grids are proving a challenge to firms
Quants are building statistical toolkits to avoid the pitfalls of data mining
Third parties would still require oversight from banks, even if formally regulated