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Are Cloud Vendors Too Powerful

Are Cloud Vendors Too Powerful "Long-maned lion"

The Treasury Department thinks the top cloud vendors are too “powerful”in the banking sector, reports Forbes.

The U.S. Treasury released a report titled The Financial Services Sector’s Adoption of Cloud Services identifying banks’ approaches towards cloud computing deployment, the challenges they face, and the potential downsides of having three cloud services providers (CSPs)—Amazon, Google, and Microsoft—dominate the market.

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