DBS in Amazon cloud tie-up as MAS issues guidelines on cloud outsourcing

SINGAPORE (July 27): The Monetary Authority of Singapore (MAS) on Wednesday included cloud services for the first time in its new guidelines to financial institutions on risk management for outsourcing.

The introduction of a new section on cloud computing sets out the central bank’s stance on cloud services, which have been adopted by a growing number of financial institutions.

MAS notes in its new guidelines that cloud services (CS) can “potentially offer a number of advantages”.

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