Earlier quoted context omitted.
Some quant-heads endorsing the latest fad doesn't prove anything. Also they don't care if chinese hackers are vacuuming data cause ballstreet doesn't care about sustainability. But I grant you that secure and trust are just words that don't mean anything anymore anyhow.
LOL, all fintech are using or entering the "cloud" very heavily. Cloud is here for long enough that claiming it's insecure shows only the immense ignorance.
Empirically we know that the data is the most valuable input to cloud services, and eventually it will be used, regardless of the user agreement. When the stored data becomes worth more than the company, it will be eaten and stripped by vulture capital. Law of the jungle, baby.