The objection on Wall Street to putting customer data into the "cloud" is always a concern about security. After all, Nasdaq OMX Group came close to having its Directors Desk service, where board members exchange sensitive business information, breached. And who knows who else has in fact gone through a breach.
But there is a company focused on serving banks, insurance companies and broker-dealers that has proven to its customers that it can put their customers' data onto its servers in a data center west of the Mississippi River and protect that data religiously.
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