[ Cloud Computing ] Re: Cloud for Financial Sectors

Raj,

I have 10+ years Financial Services experience, most recently with
J.P. Morgan.
I found some reference to John O'Hara, an ex colleague of mine at
Morgan, about AMQP in this subject.

From what I understand, several of the sector leaders in NYC are
already funding internal cloud infrastructure.
There are some huge benefits including
* Volatile demand that drives server sprawl.
* Long infrastructure delivery time lines driven by extreme process &
governance.
* A post financial services crisis renewed focus on driving down
costs.
* Time to Market: Need for rapid deployment of infrastructure for
development, testing and to experiment and work out ideas.

Financial services challenges:
* Many of the banks already have and use compute farms for risk &
pricing. The next challenge will be to use Cloud like compute for
broader range of applications.
* Regulation, compliance and security challenges that will only get
worse with additional regulation, so I suspect they will focus on
internal clouds, rather than third party utilities.
* The Financial sector, like many businesses, has many complex, poorly
standardized, legacy applications that are less than ideal candidates.
* Companies will need to scrutinize green field development and third
party packages/services to assure they are cloud compatible.

The firms I would watch are Goldman Sachs & Morgan Stanley.

Barbara Bour

On Dec 14, 12:31 am, "Rajarshi Bhose" <rajarshi.bh...@gmail.com>
wrote:
> Hello All,
>
> Please can any one provide some inputs on the cloud adaptation in Financial
> Sectors. Are there any companies which have already invested in cloud, any
> pointers to such case studies, white papers would be very helpful.
>
> Are clouds ready for Financial Organizations?
>
> Many Thanks
> Raj

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