CLOUD is the Consortium for Local Ownership and Use of Data. We are a non-profit technology standard consortia started in early 2009, based in Austin, Texas, that believes that a new era of ME 1.0 is at hand, an era that looks beyond Web 2.0, while simultaneously looking to the founding principles of the Internet as the solution to many of today’s most vexing issues of privacy, security and data. By reweaving the fabric of the Internet, CTML (context markup language) will have a dramatic impact on issues from payment systems to corporate actions to risk assessment and beyond. Join us here for an ongoing discussion of these issues and CLOUD's future role in the fabric of finance.
Vishwanath Thanalapatti - Banking Technology Professional - Bangalore | 13/06/2011 | 3370 views
Regulators globally have expressed mixed feeling on banks and financial institutions (FIs) moving into cloud computing. The top of the list concerns are security and data privacy. There are a lot more though. The recent data breaches and data theft will in no way improve on this thinking. While it is quite understandable, it is not a good trend. Th...