Although cloud computing is a technology that FIs can provide to business clients,the FI itself seldom uses cloud computing in their own operations.

Question

Quizplus · Accepted Answer

This statement is false. Many FIs do use cloud computing in their own operations, particularly for functions such as data storage, customer relationship management, and infrastructure management. Cloud computing can offer cost savings, scalability, and flexibility for FIs, just as it can for their business clients.

Although Cloud Computing Is a Technology That FIs Can Provide