Banks Unfazed by Public Clouds

- WatersTechnology Staff
- 14 Dec 2009

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The two biggest aspects of the cloud computing paradigm shift are the ability to lower costs though peer deployment and the ability to create new applications through the resources of the cloud, says Subhra Bose, CIO, alternative investments IT, at Credit Suisse.

The cost savings demonstrated by Amazon.com and other large users of cloud computing outside the financial industry are likely to outweigh concerns about data security or privacy, explains Peter Kelso, managing director and CIO of the DB

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