Internet giants battle to lure banks into cloud

On offer is vast computing power needed to keep up with the fintech revolution. The downside is greater risk of a cyberattack and the headache of complying with a plethora of data sovereignty laws.

Alison Tudor-Ackroyd

February 07, 2018

Amazon Web Services is set to open a cloud over Hong Kong in 2018 after doing the same for Singapore last year. The internet services provider hopes to lure more Asia-based businesses to migrate their data into its storage centres.

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