The cloud is allowed: Credit unions and cloud computing technology

Banks and other financial institutions have always been at the cutting edge of technology in their quest to better serve their customers, streamline their operations, and improve their operational security.

The trend continued with the move to the cloud, with many banks being among the first of the early adopters to move their technology infrastructure, applications, and data to platforms such as Amazon Web Services (AWS).

Despite the larger trend, it’s still common to hear from credit union leaders that they are not allowed to use the cloud due to compliance restrictions related to concerns about security.

However, this isn’t the full story, and, unfortunately, this belief is holding back many credit unions from taking advantage of the efficiencies and benefits that come with a move to the cloud.

 

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