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De Nederlandsche Bank and Amazon Web Services Open the Door for Dutch Financial Institutions to Realize the Many Benefits of the CLOUD

Banking regulator, Dutch Central Bank, helps clear path to cloud computing in The Netherlands

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Many financial institutions based in The Netherlands have sought the clearance of the country's banking regulator, De Nederlandsche Bank (DNB), to take advantage of all the benefits cloud computing has to offer. The DNB has now clarified that the requirement for supervision is met by institutions using Amazon Web Services (AWS). Financial institutions must still meet other requirements, such as carrying out standard risk analysis for their solution, however this announcement clears the key criteria for Dutch organisations looking to move to AWS. This means that Dutch financial organisations, including banks and insurance companies, can now start moving their technology
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