Fintech

Luxembourg banks reluctant to embrace cloud services

Luxembourg by Nick Youngson CC BY-SA 3.0 Alpha Stock Images.
Luxembourg’s banking association ABBL is encouraging its members to overcome their reluctance and embrace the cloud computing revolution in order to remain “agile and innovative”, especially now that the CSSF has improved its regulatory framework for cloud banking.  A recent ABBL-KPMG survey shows that banks in the Grand Duchy are slow to take up cloud services.

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