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Article
Cloud dependence exposes banks to new systemic technology risks
Financial institutions have become deeply dependent on a small group of global technology providers, creating new operational and geopolitical risks that could threaten financial stability. Regulators warn that banks must better understand their technology supply chains, manage concentration risk, and build resilience strategies such as multi cloud architectures and open standards.
Mar 20, 2026
André de Groot, Policy advisor, De Nederlandsche Bank
Tags:
Vendor and Third Party Risk
The views and opinions expressed in this content are those of the thought leader as an individual and are not attributed to CeFPro or any other organization
- Banks have become
deeply dependent on global cloud and technology providers
- Reliance on
hyperscalers introduces concentration and systemic operational risks
- Cybersecurity threats
have increased as financial systems connect to global networks
- Complex outsourcing
and sub outsourcing chains create new oversight challenges
- Vendor lock in can
make it difficult for banks to switch technology providers
- Geopolitical tensions
could disrupt access to critical technology services
- Regulators are
encouraging multi cloud strategies and open technology standards
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