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Application of Cloud Computing in Financial Industry from the Perspective of Globalization - Part 1

Different from traditional computing dominated by proprietary data centers, cloud computing involves relatively standardized services that a service provider provides to many different customers on a large scale.
Application of Cloud Computing in Financial Industry from the Perspective of Globalization Part 2

The migration of core financial service activities to the cloud will greatly increase, and the nature and extent of the control and risk borne by financial institutions when using cloud services depend on the service model they adopted.
Application of Cloud Computing in Financial Industry from the Perspective of Globalization Part 3

In addition to different service models, cloud providers also provide different deployment models, such as private cloud and public cloud, which help reduce costs and improve efficiency.

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Application of Cloud Computing in Financial Industry from the Perspective of Globalization Part 4

Cloud computing also helps improve security and resilience, meanwhile, it is also helpful for data analysis and technical and management.
Application of Cloud Computing in Financial Industry from the Perspective of Globalization Part 5

The application of cloud computing in financial industry will lead to some risk, among which technical risk and operational risk are included.
Application of Cloud Computing in Financial Industry from the Perspective of Globalization Part 6

The present regulatory framework need to review the regulatory requirements and guidelines for the use of cloud storage by financial institutions in different jurisdictions.
Application of Cloud Computing in Financial Industry from the Perspective of Globalization - Part 7

Many regulators also require financial institutions to obtain certain information and access rights from their cloud service providers.
Application of Cloud Computing in Financial Industry from the Perspective of Globalization - Part 8

The present regulatory framework also includes two other requirements as the security of data and system and the storage of data.
Application of Cloud Computing in Financial Industry from the Perspective of Globalization - Part 9

The present regulatory framework also includes continuous operation and emergency plan, and to promote the application of cloud computing in the financial world, community audit should be introduced as a method.
Application of Cloud Computing in Financial Industry from the Perspective of Globalization Part 10

The application of cloud computing in the financial field also includes the supervision of coordinating cross-border and the risk-oriented dialogue strengthening at the industry level.
The application of cloud computing in the financial industry 3

Public cloud is dedicated to multiple different customers, which can be used by financial institutions to share computing resources with other customers in different areas.
Global financial stability report

Even though COVID-19 affected the global economy greatly, but performing policy relaxation and financial support provision contributed to global financial stability.