Banks' cloud take-up slowed by legal uncertainty

While financial services and banking firms are increasingly looking to cloud computing services to enhance their businesses, actual take-up is being hampered by legal uncertainties and conflict between the EU and the US over data privacy.Banking and other financial services firms had been expected by industry observers to be among the most likely to use cloud computing. Advocates of cloud say it can allow these companies to reduce overhead costs, make IT costs more flexible and enable ...

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