When & Where
7 December 2017
09.00 – 17.00
EBF premises, Avenue des Arts 56, 1000 Brussels
MEET US ON 7 DECEMBER 2017
Technological progress and globalisation have led to significant changes in methods of data collection, access and use. Over recent years, this has contributed to an observed increase in banks’ interest in cloud computing as a means to support the sustainable digitalisation of the banking sector. However, while technology in banking has adapted to business requirements within the legal and regulatory constraints applicable at local, national and regional level, banks have been slower in their uptake of cloud services when compared to other industries.
We observe that the legal and regulatory constraints and the higher compliance risk derived from the use, management and storage of customer information constrain the adoption of cloud service models by a strictly (and comprehensively) regulated banking industry. These constraints also create significant frictions in ensuring that regulatory compliance is achieved in contractual negotiations between banks and cloud service providers (CSPs).
The purpose of the 1st EBF Cloud Banking Conference is to bring together Banks, Cloud service Providers, policy makers and national and European supervisors to exchange further on the opportunities and obstacles to the adoption of the cloud by the financial institutions on various thematics such as:
- Opportunities of cloud adoption by the banking sector
- Access and Audit rights
- Impediments to the secure deployment of cloud by financial institutions
- Free flow of data
It will be also an opportunity for the EBF to announce the launch of the European Cloud Banking Forum for the wider adoption of the cloud by the banking sector.
European Banking Federation
The European Banking Federation is the voice of the European banking sector, bringing together national banking associations from across Europe. The federation is committed to a thriving European economy that is underpinned by a stable, secure and inclusive financial ecosystem, and to a flourishing society where financing is available to fund the dreams of citizens, businesses and innovators everywhere.
56 Avenue des Arts
+32 2 508 37 11
D-60311 Frankfurt am Main
+49 69 17509942