About 10 years ago, financial institutions began to shift away from owned-and-operated data centers and toward the cloud. At the time, analysts from Deutsche Bank said that some IT executives from big global banks intended to go from zero use of IaaS cloud to about 30% in just three years. The prevailing belief was that adoption would continue to accelerate from there, and that public cloud could become the default home for financial workloads. This prediction didn’t fully materialize. Financial institutions learned that some workloads thrive in the public cloud, while others require greater control, predictability and proximity. What’s often described…

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