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Key Takeaways from US Treasury and FSSCC Efforts to Drive Cloud Adoption.

Published by Fenergo

The document highlights key efforts by the U.S. Treasury and the Financial Services Sector Coordinating Council (FSSCC) to promote secure cloud adoption in the financial sector. Released on July 17, 2024, these resources, developed through a public-private partnership, include standardized cloud-related terminology, enhanced information sharing, and best practices for managing third-party risks. The guidelines aim to help financial institutions modernize their infrastructure, ensuring security, regulatory compliance, and operational efficiency. The initiative underscores the necessity for financial firms to embrace cloud technology to stay competitive and compliant in an evolving regulatory landscape.

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Related Categories Financial Services, Cloud

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