Cloud Computing in BFSI

These days, many businesses are investigating the cloud. However, until recently banking, financial services and insurance companies weren’t among them. In the past, banks, asset management firms and other players in the BFSI ecosystem were reluctant to consider cloud environments, citing privacy concerns, security fears, regulatory requirements and the complexity of integrating internal and third party legacy systems. However, over the past few years, banks are revisiting their prior conclusions.