On the way to the financial cloud. Are cloud services full of “little fluffy clouds”?
On 8 November 2018, the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, BaFin) published a guidance notice on outsourcing to cloud providers. In the following article, we take a first look at the new rules, which also apply directly to payment institutions. Are cloud services full of “little fluffy clouds”? Background “Cloud providers” promise […]