May 31, 2013

Can Financial Services Companies Use Cloud Computing?

While Cloud Computing has already helped numerous industries, from the accounting industry to government contractors to the travel industry, increase business productivity and reduce costs,  financial services companies have been slow to adopt the technology, primarily citing regulatory issues as the problem. The financial services industry is one of the most heavily regulated in the world, especially in terms of data privacy and protection.

Can Financial Services Companies Use Cloud Computing?

The simple answer is yes. Despite numerous misconceptions about the Cloud, it can actually be extremely beneficial for financial services companies. The benefits include:

  1. Security: Perhaps the most hotly debated argument surrounding Cloud Computing, security, is actually one of its biggest benefits (if you choose the right provider). Some Cloud Computing companies, like Cetrom, comply with regulatory measures, ensuring your sensitive financial data is kept safe and secure. Not only is information on the Cloud encrypted, unreadable without access to an encryption key, but these Cloud Computing companies maintain strict virus and firewall protection to keep hackers at bay. Then there is the multi-level redundancy, meaning your data is stored in more than one location to ensure it is always readily available.
  2. Implementation: Financial services companies cannot afford any downtime. Because of this, these companies are often hesitant to make any sort of switch, especially in terms of technology. Fortunately, with no software installation requirements and no need for any advanced hardware systems, Cloud Computing services can be up and running in almost no time.
  3. And More!

If you would like to learn more about the benefits of Cloud Computing for financial services companies, please contact Cetrom by calling 866.364.1098 or fill out our contact form. Cetrom has more than a decade worth of experience offering Cloud Computing for financial services companies. Our Cloud solutions are reliable and have a 99.9% uptime guarantee and our state-of-the-art data centers meet industry FIPS 140 standards for top- tier security. We take every precaution to keep your information safe and secure.

Don’t forget to follow Cetrom on FacebookTwitterLinkedinYouTube, and Google+ for the latest and greatest Cloud Computing news.

The Next Generation of Wi-Fi Is Here - Introducing Wi-Fi 7

We all know it: when it comes to an online access point, the pursuit of a faster, more reliable internet connection is relentless. Recent strides in..
March 29,2024

Cetrom Support fixed all of my problems, their engineers are very professional, courteous, friendly and very efficient. If all customer service out there was like this, it would be a better world...

- Mid-sized
View All

One of the things we appreciate wholeheartedly about working with Cetrom is how great the people in the service area are and the high-level of responsiveness we have received. I’ve been very pleased..

- Mid-sized
View All

Cetrom’s services and support really stood out against the other cloud vendors. We thought their Citrix delivery platform would have a higher level of adoption because our employees would have the..

- Mid-sized
View All

Our accounting services users working in the field have greatly benefited from our migration to the cloud. They’re now able to be much more efficient while working in a client’s office because they..

- Mid-sized
View All

The decision to migrate to the cloud was one of the best business decisions Rub & Brillhart has made. It required an investment, but we have determined that our year two IT costs will be reduced by..

- Midwest
View All

Our migration process with Cetrom was very smooth and we had an excellent experience with their support during the demo process. We have 24/7 monitoring on our onsite equipment and they have the..

- Small
View All

We are extremely happy with the service and support we receive from Cetrom. Our staff is more efficient overall in our day-to-day activities and we don’t have any downtime. It’s a good feeling..

- Mid-sized
View All

Cetrom is an extremely cost-effective option for IT services. Not only do we receive significantly improved customer service, but we were also able to add a new VoIP system, better internet service,..

- Mid-sized
View All

Because we use specialized software for CPAs, we were concerned about the migration process. Cetrom’s CEO reassured us that there’s no concern because they understand how the software operates in the..

- Mid-sized
View All

We use two programs that often posed a challenge for our previous IT providers. Cetrom handled the situation professionally, coordinated with the software vendors, did all the backend testing, and..

- Mid-sized
View All

After interviewing and reviewing the proposals from various IT providers, it was really a night and day comparison about price, service, and performance—Cetrom was just outshining the others on every..

- Mid-sized
View All

I just want to drop you a line and let you know how pleased we are with our move to Cetrom. Your people knocked it out of the park for us and are doing a great job getting us up and working. On our..

- Small-sized
View All

Because we use specialized software for CPAs, we were concerned about the migration process. Cetrom’s CEO reassured us that there’s no concern because they understand how the software operates in the..

- 97%
View All

Cetrom’s Cloud Computing offers a high-quality, reliable and secure alternative to traditional IT management and provides immediate access to all my IT resources whether I’m in the office, at home or..

- High-quality,
View All

blog Archives

See all

The Next Generation of Wi-Fi Is Here - Introducing Wi-Fi 7

We all know it: when it comes to an online access point, the pursuit of a faster, more reliable internet connection is relentless. Recent strides in..
March 29,2024

Cetrom Support fixed all of my problems, their engineers are very professional, courteous, friendly and very efficient. If all customer service out there was like...

- Mid-sized
View All

Blog Archives

See all
Is Cetrom Your Cloud Services Solution?