Capital markets firms wary of cloud overspend

Compared with a decade ago, the cloud is now a mainstay of tech strategy at most financial firms. But this doesn’t mean they have budgeted for all the costs associated with it or considered how to navigate the related expenses properly. 

And for some, the tech shift hasn’t proved to be a cost-saving measure.

Speaking to a packed room at this year’s North American Financial Information Summit in New York City, Prasanna Ramaswamy, head of technology and data at CPP Investments, an investment manager