Push for multi-cloud adoption risks limiting benefits to capital markets: New report

As emphasis grows in capital markets for data portability in applications and workloads, and regulators push for banks to adopt multi-cloud architectures, new limitations are cropping up that limit cloud adoption.

According to a new report by Protiviti and Association for Financial Markets in Europe, prioritizing portability can lead to a reduction in the benefits of different clouds. Ideally, multi-cloud is used to access the best services from different clouds and as a way to improve resiliency. But if banks aren't careful, resource and process complexity can lead to reduced resiliency with multi-cloud, the authors warned.