SOURCE: Compushare, Inc.

Compushare, Inc.

August 01, 2012 15:00 ET

Compushare Releases New White Paper: "The FFIEC Takes on Cloud Computing"

Compushare White Paper Addresses Federal Financial Institutions Examination Council (FFIEC) Statement on Outsourced Cloud Computing

SANTA ANA, CA--(Marketwire - Aug 1, 2012) -  Compushare, the nation's leading Technology Management Provider for the financial industry and pioneer of Compushare Cloud Computing (C3), the only fully hosted cloud computing solution designed specifically for the financial market, today issued a White Paper by Kevin Prince, Compushare's Chief Technology Officer (CTO), addressing the July 10, 2012 FFIEC Statement on Outsourced Cloud Computing. The joint four-page statement issued by The Federal Reserve Board, Federal Deposit Insurance Corporation and Office of the Comptroller of the Currency is one of the first such documents to provide insight into how financial institutions can take appropriate measures to ensure that outsourced cloud computing solutions are utilized in line with industry best practices and previous guidance.

The purpose of the White Paper published by Prince is to provide financial institutions with additional education about cloud computing and to further comment on the information provided in the FFIEC document. With the "The FFIEC Takes on Cloud Computing" White Paper, Mr. Prince tackles the subject matter in the FFIEC resource document by evaluating, point by point, the risks and merits of outsourced cloud computing in the financial industry, an increasingly adopted technology achieving critical mass in the United States. As CTO of Compushare, former FFIEC trainer on technology risks, industry-wide speaker and recent author of "Security 2020," Prince brings a unique set of criteria as an industry expert and his latest white paper contains a great deal of insight and education for financial institutions of all sizes. 

About Kevin Prince, Compushare CTO:

Kevin Prince leads Compushare's product development efforts in building and designing the most innovative solutions that meet Compushare's clients' needs. Prince has more than 22 years of information technology experience, 14 of which have been focused specifically on information security for the financial services market. Kevin is a frequent speaker at various industry conferences and has written many white papers, articles, blog posts, and bylines on information security topics. Beginning in 2002, Kevin trained NCUA examiners on Information Systems &Technology topics to assist with auditing practices. Kevin trained the federal examiners through 2006 with the last couple of years being more FFIEC related trainings that included NCUA, FDIC, as well as some OCC and State auditors. He is also an author of the recently published book Security 2020

About Compushare:

Compushare is the leading provider of high quality, innovative technology and compliance solutions for the financial market. Whether it's providing a totally outsourced cloud computing solution or assisting with the management of your technology or IT strategic plan, Compushare takes a consultative approach to its solutions. With more than 15 years of technology experience supporting over 800 financial clients nationwide, Compushare is a SAS 70 Type II certified, FDIC reviewed, and preferred partner with many major providers. From our leadership team to the members of our service delivery team, our array of knowledge, certifications and practical expertise is unrivaled in the Financial Services Industry.

Learn more about Compushare, Inc. at www.compushare.com.

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