News and developments

K&P acts as legal counsel on cloud computing implementation standard for banks

Kochanski & Partners is the exclusive legal partner of the

working group on a standard for cloud computing implementation in banks,

established by the Polish Bank Association (ZBP) and the Banking Technology

Forum.

In mid-July, the first meeting of the group was held, which was

attended by representatives of the largest banks in Poland and leading

technology companies. The objective of the group is to promote the use of cloud

computing technology in the Polish banking sector through the development of a

cloud computing implementation standard based on the existing PolishAPI.

The

working group will prepare a white-book to be published this autumn. The

K&P team of experts in banking law and new technologies, together with the

Polish Bank Association, will develop standards for the implementation of cloud

computing, taking into account the role of public trust institutions. In

addition, the K&P team will work on the development of internal audit tools

for providers and a solution compliance roadmap, and will also monitor the

proposed solutions/standards for compliance with Polish and EU legislation and

bank recommendations.