Cloud adoption by the financial services industry has been wildly uneven. While several large financial institutions host part of their IT infrastructure and apps in private or public clouds, six out of 10 financial institutions are only in the process of developing a cloud strategy, according to a recent report by the Cloud Security Alliance®. And some finance and banking organizations still have a strict no-cloud policy.
But if you’re not in the cloud, you’re missing out on some significant competitive advantages. For example, an executive at a large U.S. bank recently told Forbes that it used to take nine months to deploy a new server. Today, thanks to its use of Amazon Web Services® (AWS), the bank can deploy a server in one day.
Rackspace understands your concerns around compliance, security and data control — and we can help you address those concerns in the cloud. After all, we’ve already helped your colleagues in the financial and banking industry with tens of billions in revenue, to fast growing financial tech companies. For example, we have helped PayLease®, Zipline Labs®, and PayU® move to the cloud while helping to meet their data, compliance and security needs.