S'pore, HK on top in APAC for cloud adoption

SINGAPORE, Apr 30: In a report looking at financial services regulations across the Asia Pacific (APAC) region, Singapore and Hong Kong have come up on top as having the most favourable policies for cloud adoption, says a Media OutReach release.

Cloud computing technology is redefining the way financial services institutions (FSIs) respond to new consumer habits, says the Asia Cloud Computing Association (ACCA).

At the same time, FSIs must address the need for data protection and privacy, and other heightened compliance requirements. The Asia's Financial Services on the Cloud 2018 report was designed to provide a snapshot of Asia Pacific (APAC)'s financial regulatory landscape, and how certain types of regulation could enhance-or impede on-FSIs' ability to use cloud services. This new report is an update of a report initially published in 2015.