Fenergo: Navigating Data Residency & Privacy Compliance in the Cloud

Security and data security concerns have traditionally topped the list of issues for lack of adoption of cloud technologies by banks.

In a survey conducted by Forrester Research a few years ago, it found that the top five reasons why US banks were avoiding cloud technology included. 

Security (73%) Privacy (63%) Risk (59%) Regulation (56%) Technology Maturity (43%)

This has prevented financial services organizations from embracing the cloud, while their fintech and

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