The financial world has always had something of an uneasy relationship with cloud computing. While consumers and some segments of the business world have embraced cloud-based services and storage, concerns over security, compliance and reliability have meant that banks have often steered clear.
But times are changing, as a glance at BBVA’s most recent technology-based undertaking shows. As part of a business-wide transformation programme designed to simplify and standardise working practices, the Spanish bank has tasked Google with providing 110,000 of its employees in 26 countries with its 'Google Docs' suite of cloud-based services, which includes e-mail, calendar, chat, video conferencing and word processing.
