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Cloud Computing Gaining Momentum as Banks Seek Alternative Outsourcing Arrangements
Given the recent financial crisis, banks are looking for ways to optimize IT operations and minimize costs in the process. One of the unique ways the cloud stands to be of value to the financial industry is as an alternative to traditional outsourcing. With the cloud model, banks gain greater flexibility, as well as the ability to scale up quickly and down quickly, so banks can treat IT provision as an operational expense.
Access this resource to learn about about the growing popularity of cloud services among banks and the key advantages the cloud has to offer. Read on for an overview of the challenges banks face in adopting cloud services, and some ways to overcome them.