Swiss Bankers Association publishes Cloud Guidelines

On 26 March 2019, the Swiss Bankers Association (SBA) published its guidelines for the secure use of cloud services in banking. The SBA asserts that cloud banking provides numerous advantages to its users, such as a high innovation potential due to the use of artificial intelligence, but also an opportunity to save costs, which benefits smaller banks in particular. However, legal and regulatory uncertainties have so far prevented Swiss banks from unlocking this potential.