Data's Clouded Horizons

Can Data-as-a-Service help financial institutions with data management?

Laurent Lachal, senior analyst, Ovum

Financial services have used cloud computing in one way or another since the concept emerged some 20-odd years ago. IT professionals are familiar with the continuum of cloud applications, and with services that allow firms to access software, infrastructure and so on, on demand and over the internet. Vendors and providers claim this saves money, as pressured market participants can focus on core capabilities and leave many functions-especially more standardized ones like payments or storage-to c

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