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Here are 14 power players on Wall Street leading the industry's push into the cloud. Finance hasn't always been open to public-cloud technology, largely due to security and regulatory concerns. The cloud is currently taking Wall Street by storm, and a new class of power players is emerging with it. The cloud now touches every nook and cranny on Wall Street from investment banking to risk management and marketing. Here are the 14 power-player executives leading cloud strategy, vision, and execution for the country's largest financial firms.
Persons: Finance hasn't, Saul Van Beurden, workloads Organizations: Wall, Finance, Web Services, Google, IBM, Microsoft, Wells Fargo Securities, Wells Locations: Wells, Wells Fargo
We believed that you needed to work and live like a local to really get to know a place. Our first destination was Chiang Mai, ThailandLocated in the mountainous north, it's the second-largest city in the country. Apart from this small mistake, our month and a half in Chiang Mai opened up a world of possibilities for us. We tried to keep our routine in line with usual working hours in Chiang Mai. As more months passed, though, we thought about our experience in Chiang Mai, and the more we wanted to get away again.
Cloud technology has now percolated through nearly every nook and cranny of Wall Street, affecting everything from investment banking to risk management and marketing. What's motivated the recent trend stems from two things that typically elicit change at financial firms: saving money and moving faster. But at least 30 Wall Street firms and well-known fintechs have publicly sided with one provider as a primary partner. "If you look at Wall Street, they have tens of thousands of people in back offices. Take Citibank, which accidentally wired $900 million to Revlon lenders in what is considered one of the largest blunders ever on Wall Street.
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