Data Center Knowledge – Is Wall Street Ready for Cloud Computing?

But that could change dramatically if financial regulators took a more active role, he said. “If the SEC, CFTC or the proper regulatory body looked at certain cloud environments and was able to certify that they were secure enough for customer data, then we would see a whole new industry within the cloud computing world of financial services-targeted firms, that would be registered with regulators and clients could be assured that their data was secure,” says McPartland. “We think this could be a huge improvement for the industry.”

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