Why the Billion Dollar Club is Headed to the Cloud
There’s more competition in financial services than ever before. Every week, new and agile boutique firms sprout up, armed with proprietary models and the right technology foundation to compete – intensely –with the major players for billions of investment dollars. Traditionally, investment firms have allocated significant capital budgets – millions of dollars – to build out their own sophisticated Communication (Comm.) Rooms, which can take months to provision and bring online. There are servers to buy and install, software to license and configure, and voice/networks to deploy. And these infrastructures also require firms to recruit and hire expensive IT talent to manage and operate.
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