Regulators are looking at cloud banking apps, especially around resilience, recovery and concentration of providers. The other leading cloud providers — Alibaba Cloud, Tencent Cloud and Huawei — are Chinese, which have their own set of political issues. But the role of regulators is to look for potential problems, and the FSB asked what would happen if a cloud provider went out of service. It said that while some banks uses two cloud providers that was probably for different applications, and more a happenstance than strategy. Bob Evans in his Cloud Wars report, which listed Salesforce and SAP as top cloud providers, cited another issue — proprietary technology.

Source: Forbes December 13, 2019 14:26 UTC