The banking industry is witnessing unprecedented changes. The customers are now the driving force behind this sector and are forcing banks to try new business models. The penetration of IT is also one of the major factors which is driving this transformation. Cloud computing is one of the technologies that is helping banks to deliver on customer expectations and streamline their different business processes. The time and cost saving for banks which are implementing cloud services is staggering but security concerns raise the need for efficient cloud security solutions to protect sensitive client information. The market for cloud security solutions in banking sector is set to grow at a CAGR of 32.58% for the period 2014-2019.
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1 HyTrust, Inc.