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Why cloud computing for the financial sector? 
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<strong>1. Enhance Data Security </strong>
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Financial institutions remain aware of the severe consequences of a data breach. A data breach occurring is likely to cost the bank millions of dollars in fines and lost revenue. However, financial institutions should know that majority of data leaks are within their internal systems. 
Managing your financial data, with any new software, is a serious endeavor that requires thoughtful consideration of all cloud security criteria to ensure that you're making the best decision. To do so, ensure that the solution you choose meets the following criteria: 
Multi-year business plan alignment 
Corporate Standards Policies and Procedures (Meets and surpasses yours) 
A firm ROI 
Trust and confidence in their ability to achieve The Cloud computing system provides a high level of data security, particularly for highly sensitive data that contains customer data. The information is kept in a centralized data storage whose access is through a stringent authentication procedure. The security of the data is paramount for Cloud computing, making it beneficial for banks and the financial industry. 
give a little time and effort to planning. But it's so hard to carve out the time for something you might never need, right? 
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