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. https://ibsintelligence.com/ibs-journal/banks-adopting-hybrid-cloud-as-vendors-prepare-to-go-public/
blog article
SHARESHARESHARE
BANKS ADOPTING HYBRID-CLOUD AS VENDORS PREPARE TO GO PUBLIC
Cloud vendors have been aggressively targeting the fintechs to ensure that they are compliant with the new regulation coming down the road at them. This includes the likes of the Revised Payment Service Directive (PSD2) and MFID.PSD2 will open the fintech market to new players since it has forced the banks to open up access to third-party providers like Facebook. This will allow them to build financial services on top of their large data and specialised infrastructure foundations.Amazon Web Services (AWS), has probably been fastest off the blocks with numerous players offering a wide variety of services. It is presently working with Singapore’s DBS bank to help them with their digitisation. The Spanish bank Bankinter is using AWS to run its credit simulations and has managed to reduce the run time of these simulations from 23 hours to 20 minutes. BILL BOYLE READ MORE