In the past few years, Singapore’s financial services sector (BFSI) has experienced an evolution driven by the integration of cloud technology. Cloud computing has fundamentally transformed the operations of banks, financial institutions, and insurance companies, offering scalability, adaptability, and productivity. In this article, we’ll explore significant trends and developments that have arisen due to the adoption of cloud technology in the BFSI sector in Singapore. 

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The risk from an ovеr-rеliancе on a singlе cloud sеrvicе providеr or a limitеd numbеr of providеrs has thе potential to impact a bank’s opеrations, …

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Cost savings are the most important motivator of cloud migration’s growing popularity recently. However, while predictable prices and long-term flexibility are extremely beneficial, moving to the cloud is neither cheap nor simple. Understanding the impacts of such an important move from one system to another will simplify the move. 

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