It has been seen that more and more Financial Services providers will be using cloud computing in the years to come. This is according to the new research by Gartner, an independent analyst body, that says a rapid shift is occurring in the banking industry.

It is during the Gartner Symposium/ITxpo 2011 where the said research will be discussed. It will happen on November 7 to 10 in Barcelona.

According to Peter Redshaw, managing vice president at Gartner, cloud computing “should be innovative, dedicated to this industry, and transformative”.