Regulators worry tech giants ‘Too Big to Fail’ because they are hosted in the cloud

Reuters | By Iain Withers and Huw Jones | Aug 20, 2021 No More Secrecy Regulators worry that cloud failures would cause banking systems to fall over and stop people accessing their money, but say they have little visibility over cloud providers. Last month, the Bank of England said big tech companies could dictate terms

The post Regulators worry tech giants ‘Too Big to Fail’ because they are hosted in the cloud first appeared on National Crowdfunding & Fintech Association of Canada.