Deutsche Bank plans to migrate significant parts of its core banking system to Google Cloud after the two signed a 10-year contract Friday. The companies also will be working on developing products such as retail apps and new lending offerings under the deal, while selling some of the technologies they create and splitting the revenue.
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- It's not clear yet how much of the bank's system will migrate over to Google Cloud, however. Deutsche Bank's chief technology, data, and innovation officer says it depends on “legal, regulatory and data privacy considerations."
- Only Deutsche Bank will be able to possess and manage keys to decrypt the data it transfers to the cloud. The company will also be able to choose the data region for app deployment.
- Deutsche Bank plans on making a total return on investment of $1.2B through the alliance.
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To prevent cyberattacks, the White House is considering an executive order restricting the operations of American cloud providers like Amazon overseas in countries such as China, while also introducing new reporting requirements. Senior officials met to discuss the order late last week and aim to have President Trump sign it by the end of this year.
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- Under the already drafted executive order, the U.S. Department of Commerce would be able to ban American cloud companies from partnering with foreign providers that offer hackers safe haven.
- The order would also make it possible for the department to ban such companies from operating in the U.S., and mandate stateside cloud companies keep a log of foreign customer's identities.
- With the order, the government hopes to prevent malicious actors from using cloud service providers to quickly conduct cyberattacks while remaining anonymous.
- One anonymous official adds the government is not just introducing the order because of China alone, although admitted they are concerned in particular about Chinese hackers and cloud providers. “Getting China to take seriously and follow up, investigate, and prosecute their own cybercrime in their own borders is a continuously challenging issue,” the official explained.
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Cloudflare is working on Cloudflare Pages, a cloud platform for deploying and hosting JAMstack websites, according to a tech blogger renowned for spotting upcoming features still in testing by using reverse engineering.
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- According to Jane Manchun Wong's findings, the upcoming feature will integrate with GitHub for automatic deployment, and come with a *.pages.dev subdomain, as well as a production and preview branch.
- Wong adds Cloudflare Pages will likely offer "one concurrent build and 500 total builds" per month for free.
- While browsing Cloudflare Pages docs, Wong also found guides for deploying sites built with Gatsby, Hugo, Jekyll, React and Vue, and more.
- The news comes as the company also just introduced the Cloudflare Data Localization Suite for businesses. This is a new feature that offers enterprises both the security and performance perks associated with Cloudflare's global networking while simultaneously "making it easy to set rules and controls at the edge about where their data is stored and protected."
A version of this story first appeared in Inside Dev.
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Cloud Calendar: Upcoming Cloud Events.
- DEC. 8: Google Cloud’s free Public Sector Summit, "a two-day global, digital event connecting government and academic communities worldwide."
- DEC. 10: VMware demo, "Integrate Kubernetes Natively into VMware Cloud Foundation with Tanzu. Register here.
- NOV. 30-DEC.18: AWS re:Invent 2020, a three-week virtual conference from Amazon Web Services. Register here.
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Apple has fixed 19 bugs in iCloud for Windows 11.5. An attacker could exploit the bugs to carry out remote code execution, denial-of-service, sensitive data disclosure, or data manipulation attacks.
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- Apple's iCloud for Windows app enables Windows 10 users to access photos, videos, and other data from iCloud accounts.
- In early November, Apple plugged two dozen security bugs in its products, including three flaws that were actively being exploited in the wild.
- Last month, security researchers found 55 vulnerabilities in Apple's corporate network and products, with 11 of them critical.
This story first appeared in Inside Security, which you can read here.
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ICYMI: Last Week's Top Stories.
- Salesforce acquired Slack for $27.7B, 48% more than Slack's market cap before the deal announcement. This is Salesforce's largest acquisition to date and the sixth-largest tech acquisition overall. Salesforce also introduced a new architecture, Salesforce Hyperforce, to deliver products like Salesforce 360, Sales Cloud, Service Cloud, Marketing Cloud, Commerce Cloud, and more on major public clouds.
- Amazon has launched Mac mini to its cloud as EC2 Mac instances. Mac mini uses i7 machines with 32 GB memory, which can also be attached to AWS storage blocks. In addition, Amazon Web Services (AWS) kicked off AWS re:Invent 2020, a three-week virtual conference, on Nov. 30. For a full list of notable highlights announced so far, click here.
- Stripe has launched Stripe Treasury, a banking-as-a-service API that will enable its customers soon to offer interest-bearing bank accounts, debit cards, and other cash-management services. The company is teaming up with Goldman Sachs and Citibank to provide this service.
- Zoom reported revenue of $777M, up 367% YoY, for its quarter ended Oct. 31. The company’s profit stood at $198M, compared to $2.2M for the same period in 2019.
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Editor
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Alexander Huls is a Toronto-based journalist. He has contributed articles about true crime and pop culture to The New York Times, Men's Health, Popular Mechanics, and other fine publications. Follow him on Twitter @alxhuls.
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