Trust is the universal currency in finance. It underpins every transaction and every system that keeps the economy running. Yet as the cloud becomes widely adopted in finance, this trust must now extend to platforms and providers that often operate beyond national borders.
What used to be a technical decision, has now become a question of sovereignty versus dependency. Global tensions and new regulations are reshaping the digital landscape. Institutions must decide not only where their data and processes reside, but also under whose authority they are governed. Which government, under laws such as the US CLOUD Act (2018), could claim access to it in rare but conceivable circumstances? And how does that shape each institution’s cloud strategy?
This whitepaper explores how financial leaders confront that challenge. Through their perspectives, it reveals a sector in transition, balancing innovation with resilience while navigating growing interdependence. Around the table sat CIOs and IT executives from major banks and financial infrastructure organisations, including Argenta, BNP Paribas Fortis, Euroclear, the European Commission, P&V and Swift.
They all returned to the same question: how can we safeguard trust and resilience in a world of growing digital dependency?
