Banks' over-reliance on a handful of 'secretive' cloud computing services threatens financial stability, Bank of England warns

clock • 2 min read
Over-reliance on limited cloud computing services could harm financial stability, BOI warns. Image Credit: BOI
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Over-reliance on limited cloud computing services could harm financial stability, BOI warns. Image Credit: BOI

Moving key services to the cloud enables efficiencies but increases reliance on a few vendors

The over-reliance of Britain's financial sector on "secretive" cloud providers could disrupt the normal functioning of the financial system, the Bank of England (BoE) has warned. For the past se...

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