"By design, central banks are cautious. Protecting a nation's currency and financial stability are serious matters, ill-suited to risk-taking and chancy deals. In a world of Tiger Onitsuka trainers and tech-bro t-shirts, central bankers wear a suit and tie."
"Two weeks ago, the Dutch central bank said its cloud services would now be supported by Schwartz Digits, part of the Lidl low-cost supermarket group (latest offer, a five-pack of oranges for $1.34). Schwartz Digits was originally built to support the retail business, bringing value-butter and eggs to grateful consumers. It is now a successful provider of secure data services to European businesses and government organizations. De Nederlandsche Bank is just the latest win."
"The country's justice and security minister, David van Weel, said the agreement was "an important step in reducing our dependence on parties outside Europe and strengthening our digital resilience," Dutch News reported. Other customers of StackIT include Commerzbank and the Hamburg Port Authority. SAP has also announced moves to strengthen its European-based digital infrastructure."
"This is not an issue of skills or scale-Google Cloud, Amazon Web Services and Microsoft Azure have plenty of both. Rather, geopolitical risk is prompting action as American and European approaches to digital sec"
Central banks prioritize currency protection and financial stability, so they avoid risky, uncertain arrangements. A European central bank announced moving essential cloud services away from major U.S. technology providers to Schwartz Digits, a company within the Lidl supermarket group. Schwartz Digits began as retail support infrastructure and has expanded into secure data services for European businesses and government organizations. The Dutch government also signed early deals with StackIT, another Schwartz Digits subsidiary. The justice and security minister said the agreements reduce dependence on non-European parties and strengthen digital resilience. Other customers include Commerzbank and the Hamburg Port Authority, and SAP has also moved to strengthen European digital infrastructure. The shift is driven by geopolitical risk rather than lack of technical capability.
#central-banking #cloud-computing #geopolitical-risk #digital-resilience #european-tech-infrastructure
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