17 January 2018
visit www.ebaday.com

Deutsche Bank and CBA join cloud computing group

15 December 2009  |  10557 views  |  0 bulbous things

Deutsche Bank and CBA are among the firms to have signed up to a new global Enterprise Cloud Buyers Council (ECBC), set up by the TM Forum to promote cloud technology.

Industry association TM Forum says the ECBC has been established to help "understand the needs of the largest global cloud buyers and ensure any impediments to the uptake of cloud technology are removed".

Other members include Alcatel-Lucent, Amdocs, AT&T, BT, CA, Cisco, EMC, HP, IBM, Microsoft, Nokia Siemens Networks, Telecom Italia and Telstra.

The council has identified several areas they will work on, including common cloud services product definitions, security issues, interoperability, data portability, APIs, service provider benchmarking and network performance and latency issues.

Eric Pulier, executive director, ECBC, says: "The ECBC represents an opportunity to affect the global information technology marketplace, bringing transparency and efficiency to the relationship between buyers and sellers. By lowering the gating factors for widespread adoption of cloud services, the ECBC can accelerate the shift to the next era in computing."

Phil Dance, MD, Adastral Park, BT Group, adds: "The nature of cloud services needs vendors, communications and service providers and industry bodies to design and build services and components that work together in a seamless cloud environment."

A survey from TechMarketView for vendor Temenos in the summer found that despite the hype cloud computing has yet to gain real support among banks, many of which are concerned about the security and potential risks of a technology they view as immature.

The poll of around 45 executives showed that banks accept the potential to save money associated with cloud computing, with nearly half of survey respondents seeing the technology as a means to cut infrastructure costs and over a third saying it would give more cost flexibility.

Yet only 15% of respondents were tapping the technology with a third admitting they simply don't know enough about the potential risks and 44% citing the lack of data security as a significant barrier to adoption.
KeywordsSOCIAL MEDIA

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Bank of Tokyo-Mitsubishi UFJ adopts IBM desktop cloud service

Bank of Tokyo-Mitsubishi UFJ adopts IBM desktop cloud service

23 October 2009  |  9019 views  |  0 comments | 1 tweets
SunGard targets financial firms with private cloud

SunGard targets financial firms with private cloud

13 October 2009  |  11611 views  |  0 comments
T-Mobile cloud burst is setback for business users

T-Mobile cloud burst is setback for business users

12 October 2009  |  9099 views  |  0 comments
Banks sceptical on cloud computing - survey

Banks sceptical on cloud computing - survey

21 July 2009  |  8924 views  |  0 comments
Wall Street look to cut costs with cloud computing - survey

Wall Street look to cut costs with cloud computing - survey

24 June 2009  |  15297 views  |  1 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.niceactimize.comvisit www.niceactimize.comvisit www.thomsonreuters.info

Who is commenting?

Top topics

Most viewed Most shared
Buffett rubbishes cryptocurrencies; South Korea preps exchange crackdownBuffett rubbishes cryptocurrencies; South...
11754 views comments | 16 tweets | 17 linkedin
Europe begins Open Banking era in subdued styleEurope begins Open Banking era in subdued...
9915 views comments | 32 tweets | 35 linkedin
Crypto mining threatened by power capacity concernsCrypto mining threatened by power capacity...
9683 views comments | 17 tweets | 18 linkedin
Exchanges call for global fintech standardsExchanges call for global fintech standard...
9385 views comments | 17 tweets | 13 linkedin
Wells Fargo to close 900 branchesWells Fargo to close 900 branches
9268 views comments | 14 tweets | 16 linkedin

Featured job

Competitive base + commission
London, UK

Find your next job