European banks have been growing increasingly uneasy about their over-reliance on American cloud service providers, but the fallout of the recent conflict in the Middle East has brought the issue into sharp focus.
Souring relations between the US and Europe as a result of President Donald Trump’s trade wars and his declared interest in Greenland had already made some European lenders nervous about their dependence on the likes of Amazon Web Services, Microsoft Azure, and Google Cloud — the big three US cloud providers that dominate the global market.
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