HP, Oracle, Microsoft and IBM too slow in cloud for big banks

There is a great article by Bob Evans at Information Week this morning.

According to the article three big banks are frustrated with the pace of cloud development from big suppliers HP, IBM, Oracle and Microsoft and are taking it onto their own hands.

Click here for the full story.

Commonwealth Bank of Australia, Bank of America, and Deutsche Bank are planning to launch the syndicate on May 17. This will reduce their costs when it comes to IT and enable them to build a shared cloud infrastructure.

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