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

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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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This page contains a single entry by Karl Flinders published on April 28, 2010 10:38 AM.

Infosys predicts return to double digit growth was the previous entry in this blog.

Are IT suppliers ready to do investment banking development? is the next entry in this blog.

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