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MAS to clarify use of cloud computing by banks

MAS's deputy chairman Lim Hng Kiang had said this week that MAS recognises the benefits of cloud technology, but wants banks to manage the risks that come along with it

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The Monetary Authority of Singapore (MAS) will soon spell out what it expects of banks and other financial institutions which use cloud computing, following the industry's request for clarity in this area, said Sopnendu Mohanty, chief financial technology (fintech) officer at MAS.

Singapore

THE Monetary Authority of Singapore (MAS) will soon spell out what it expects of banks and other financial institutions which use cloud computing, following the industry's request for clarity in this area, said Sopnendu Mohanty, chief financial technology (fintech) officer at

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