What is cloud computing?
Cloud technology enables your financial institution to be ready for the future – at all times. Cloud technology or ‘the cloud’ enables you to mitigate the risks that your business faces, improve your data security, reduce your operating costs and cut your down-time.
Cloud computing happens through a network of data centres that are all connected to the Internet. These Internet-connected data centres can store software, programs and applications, like Facebook and Office 365.
Before cloud technology, your financial institution needed to store all of its software and applications on your computer through installation. With cloud technology, you no longer install software or applications. All you and your team needs to do is connect to the Internet to access the software and applications stored in the cloud. Cloud computing means that you are using software or applications that are connected to the Internet.