National Australia Bank is more comfortable storing its banking applications inside data centres managed by Google, Microsoft and Amazon than using its own data centres.
That's because the technology giants' massive investments in cyber-security dwarf what a bank could spend.
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James Eyers writes on banking, payments and fintech. He is a former legal and investment banking editor at the AFR, has degrees in commerce and law from UNSW, and is co-author of Buy now, pay later: The extraordinary story of Afterpay Connect with James on Twitter. Email James at jeyers@afr.com.au
