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:
- 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.
- 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.
- 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.