Banking the Cloud: The Comprehensive History of Cloud Banking and Those Who Started It.” By Chris Zadeh, Matthijs with Mary Curran-Hackett. Banking the Cloud is the story of Ohpen, a fintech startup in Amsterdam that became the world’s first cloud-based core banking system. The Ohpen team developed a basic blueprint: scope determination, governance, decision risk logs, priorities, phases and meeting structures. Zadeh recounted a bank executive telling him the cloud wasn’t safe, but he was unable to explain what the cloud was. With APIs, Open Banking, cloud computing and more, a bank could probably run with just ten.

Source: Forbes June 24, 2021 14:15 UTC