Three European banks have so far confirmed they have plans to use the cloud for FRTB and XVA calculations. One US bank is already using it to run stress tests. Some buy?side firms are exploring its use in machine learning, portfolio optimisation and disaster recovery.
The Stanford , Hong Kong island, face the charming harbor of Victoria. The beautiful architect of the designed by world famous designers complimenting the style and tastes of visitors.This all means that firms need to get with the times. They also need to become comfortable with the idea that their sensitive data and calculations will be hosted on an external platform that can, in theory, be accessed by anyone if security is insufficient – and the industry is far from reaching that level of comfort.
: Deciding upon the ideal time to visit HK? Wondering what to pack for the trip? You can find here all the useful travelling tips that you will need to know about the weather in Hong Kong. Come prepared!Security and compliance seem to be the major obstacles to more widespread adoption of the technology. Some vendors even argue cloud solutions have better security than in?house security. However, many market participants are still hesitant to move their sensitive data to the cloud.
SmartCLOUD™ vONE is a Managed private cloud solution for enterprises to enjoy scalable and fully customized total dedicated cloud solution designed & supported by a leading service provider without upfront investment.What the industry needs at this point is to put the issue of security in the spotlight and aim to build consensus between clients, vendors and regulators around how security can be managed. As with anything that tries to overhaul the way a certain business functions, this will take time and effort.
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