More financial-services firms move IT to the cloud

05/1/2013 | Wall Street & Technology

Many chief information officers and IT employees believe financial companies are rethinking the traditional model of developing and maintaining their own technology to fit consumer requirements. Smaller budgets, time restraints, and costumer and employee needs have contributed to many financial companies outsourcing their software to cloud providers. Many IT employees would prefer to have access to the same technology they use in their personal lives instead of developing their own software programs and applications.

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