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Internet software executive and popular cloud blogger at Chaotic Flow, B2B Marketing Strategy, and Cloud Ave, Joel is well known for his work in SaaS business models, sales and marketing strategy, and financial metrics. Professionally, he has managed global sales and marketing organizations serving over 50 countries, including local offices in the United States, United Kingdom, Germany, Israel, and India. He holds degrees in physics from Caltech and Cornell and received his MBA from the University of Chicago.
Joel York is currently VP Marketing at Meltwater Group and Principal at the Internet startup consulting firm affinitos.

4 responses to “To Cloud or Not to Cloud in Financial Services”

  1. Andy Greenawalt

    Thanks for the great post. I just wanted to throw my two cents in. Back in 1997 I founded a security-in-the-cloud company called Perimeter eSecurity. This was completely alien at the time, but we presented radically better economics and service functionality. Perimeter was the first security vendor to be examined by the FDIC and others, and found the control maturity we developed through this to be very beneficial. They now serve thousands of financial institutions across the country and routinely meet the highest regulatory standards. The critical aspects that cloud providers must have for serving this industry is complete transparency in their internal controls which is much of what we due at my new company Continuity Control.

  2. Jeremy Hodge

    In terms of focusing on competitive advantage, IBM did some work helping Nedbank, which is one of the largest banks in South Africa implement a cloud solution.

    Nedbank’s business strategy was to differentiate itself through client service, but the company had to reduce costs and optimize efficiency. Everytime IT staff had to provision a new environment, it took time away from other projects.

    Using Tivoli Provisioning Manager software, Nedbank IT staff were able to provision environments overnight. IT staff could focus on project work instead of provisioning. By having more time to focus on their work, Nedbank’s employees were able to efficiently provide the code and functionalities that their clients demanded. Ultimately this is helping Nedbank to differentiate itself on client service.

    You can watch a short video with Nedbank executive Nicholas Parry talking about the cloud solution