This document discusses cloud methodology and facts relevant to financial institutions, highlighting that 26% currently use core banking applications in a hosted environment and 50% have assets delivered in the cloud. It identifies security as the greatest concern for 75% of institutions and notes that 3/4 have not received guidance from examiners on cloud services. Additionally, 45% believe shared management between cloud providers and in-house IT is the most sensible approach.

1. Cloud
Methodology
& Facts
for today’s financial institutions.
1© Copyright 2014. Computer Services, Inc.

2. 26%
use core
banking
applications
in a hosted
environment.
2Cloud Methodology & Facts

3. 23%
plan to
outsource
more of their
IT services
this year.
50%
already have
assets being
delivered in
the cloud.
3Cloud Methodology & Facts

4. 75%
say that
the greatest
cloud concern
is security.
4Cloud Methodology & Facts

5. 3/4
have not received
guidance from
their examiner
on the use of
cloud services.
5Cloud Methodology & Facts

6. 45%
believe shared
management
between a cloud
service provider
and in-house
IT makes the
most sense.
6Cloud Methodology & Facts

7. 7
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Cloud Methodology & Facts