A recent survey sponsored by Temenos has found that despite lots of marketing activity, cloud computing has yet to generate any real support from banking executives. The survey found that just 15 percent of 42 executives are currently utilizing the technology, about 33 percent said they don't know enough about the potential risks and 44 percent said the lack of data security was a barrier.

Below the executive level, there seems to be a lot more support for the technology. An IBM/SIFMA survey of more than 350 Wall Street IT professionals has suggested "a significant increase in the level of interest in new technologies and computing models, in particular cloud computing, as firms seek to overcome budgetary restrictions and skills shortages," reports Wall Street & Technology. The IT managers are obviously closer to the ground on new technologies. At some point, they'll have to convince the top executives. A process that I think is underway.

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