Privacy and security are greatest cloud concerns
Cloud environments tend to be public and hybrid with cross-border elements
Privacy and security are of greatest concern to central banks regarding using the cloud; while new computing options and work practice flexibility are seen as the two most important benefits, benchmarks data reveals.
Central Banking asked Fintech Benchmarks 2022 participants to rate pros and cons to using the cloud on a scale of 1 (highest) to 8 (lowest), to which 24 central banks responded.
Cloud server location, server providers outsourcing services, and reduced visibility and control were
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