RBNZ’s Sam Allen on embracing the cloud

Cloud speed

Central banks have been understandably cautious about embracing cloud computing, fearing data breaches and other cyber risks. So one might not necessarily expect the financial markets group – critical as it is to the Reserve Bank of New Zealand’s operations – to be the first to move to the cloud.

But the RBNZ wanted to demonstrate what was possible. The New Zealand government was already pursuing a ‘cloud-first’ strategy, and senior managers at the central bank had a strong risk management

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