UK’s FCA to invest £120 million in move towards cloud


The UK’s Financial Conduct Authority will spend £120 million ($164.9 million) to “maximise” its move to the cloud by 2024.

In a speech delivered on September 22, chief executive Nikhil Rathi said the FCA had a goal of becoming a “data and digital first” regulator.

“This means increasing investment in our own capabilities, £120 million over three years to maximise our move to the cloud,” he said. 

The FCA is no stranger to cloud services. Central Banking understands the regulator operates

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