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Mar 2015 - Perspective - Doc # FIBA53X

Cloud Computing and Regulation in Banking: Unclear Guidance from Regulators Inhibits Adoption

Author: Lawrence Freeborn
Research Manager

Abstract

This IDC Financial Insights Perspective believes the outlook for cloud computing in the banking industry is positive, and the migration of many of banks' data and processes to public and private clouds is set to transform the industry in a few years. As a relatively new phenomenon, there is still plenty of low-hanging fruit for banks to move to the cloud in terms of non-core activities.

However, an uncertain regulatory picture still looks likely to hinder the uptake of cloud for banks' most critical lines of business (LOBs).

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