December 9, 2010 – Most banks say they're really interested in cloud computing, but so far it's been used primarily for non-core activities like systems testing and HR functions-there hasn't been much traction yet for transactional and customer data-intensive processes - "a lot of teasing going on but not much in the way of marriage proposals" says Forrester's Ellen Carney.
But facing IT budgets that are engulfed by regulatory demands, and the value of "speed-to-market," even skittish CIOs are now under pressure to consider expanding cloud computing, making Azure's bulk, agility, incremental deployment options and existing ASP security protocols a valuable weapon for Misys. By offering financial services via Microsoft's Windows Azure cloud platform, Misys is pushing cloud computing activities for processes that banks thus far have opted to keep in house.
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