/cloud

News and resources on cloud strategy, selection, build, migration and operation for banks and fintechs.

Discussion
Ransomware attack on vendor causes outages at 60 credit unions
Chris Brown

Chris Brown

  This is where the terrorists get the upper hand. Everyone in the IT or finance industries is so terrified of the reputational damage from a hit like this that no one is talking about what happened or what they could have done differently to have avoided the infection.   Maybe they were stupid and they left themselves open to the attack but maybe the attackers had a clever new vector that we are all open to. We are certainly not going to be any better prepared after reading this article
Amazon Web Services and Microsoft cloud duopoly to be investigated by Ofcom
Ketharaman Swaminathan

Ketharaman Swaminathan

  Kudos to Amazon / AWS Amazon for its candid response. IT sector in general and Cloud / SAAS sector in particular spend gazillions of money upfront and thereby democratize access to technology. It's naive to think that IT companies are doing this out of altruism. Of course they will seek to foster customer loyalty via differentiators and other ways to drive stickiness so that they can recover their investments. IT Customers are okay with this, judging by their growing purchase of IT products over the decades. Regulators should stay out of this unless a critical mass of IT customers complain to the government about vendor lockin, etc.   
Cloud Adoption is not Enough
Ketharaman Swaminathan

Ketharaman Swaminathan

  TY @ChrisFreeman for the clarification.
Adding a surcharge fee: How to identify and capture untapped revenue
Ketharaman Swaminathan

Ketharaman Swaminathan

  Where it's not banned, Surcharging is obviously one way but why not propose Zelle via TCH-RTP or FedNow?  A2A RTP MOPs like that are gaining traction for B2B payments in UK (FPS), India (UPI-IMPS), etc. Since they have no / low MDR, they sidestep the friction of Surcharging and the ensuing risk of loss of sale.
Dominique Dierks

How SaaS integration drives payment modernisation

Dominique Dierks - Content Manager - Finextra