Despite the advantages and conveniences that new digital tools can bring, there are always those who are reluctant to embrace change. This is also true of large and sophisticated organisations within the rapidly digitalising finance industry. Not all banks, for example, are exploiting the full potential of public cloud computing. Since 2017, there have been more than 39,787 security patches on Microsoft products and 16 billion financial records that have been exposed through bank breaches. No wonder then that while 23% of global workloads have migrated to the public cloud, only 13% of financial workloads in Southeast Asia have done so — primarily due to regulatory requirements surrounding data security.

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