Are private clouds the way to go in financial services?

12/26/2012 | GigaOm

Public-cloud services generally are shunned by financial-services companies, but Barb Darrow writes that Amazon Web Services is hoping to break through with a Virtual Private Cloud. "You have to overcome a lot of resistance from regulated industries before moving their stuff to the public cloud. ... You'll have a hard time with your auditors in the short term if you go to public cloud," says State Street's chief information officer, Chris Perretta.

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