E-Finance Lab Spring Conference 2012: Cloud Computing in the Financial Industry - A Security and Compliance Nightmare?

Thank You

We would like to thank all speakers and participants for their attendance at the E-Finance Lab Spring Conference 2012! We hope you enjoyed the conference and were able to gain insights into the future of cloud computing in the financial domain!

Slides & Panel Discussion Recording for Download

The slides of the talks and the video recording of the panel discussion are now available for download. Corresponding links are provided in the agenda below.

Photo Gallery Online

Please find some impressions of the conference in the photo gallery.

Conference Details

Date & Time: Tuesday, February 7th, 2012; 14:00 - 18:45 hours (official program)

Venue: darmstadtium conference center

Address: Schlossgraben 1, 64283 Darmstadt, Germany

[How to get there]

[Download details as iCalendar (ics) file]


Sorry, the registration for the conference has been closed. However, you may still participate without prior registration as a walk-in guest - just come to the conference and contact the registration desk.

Participation in the conference is generally free of charge.


Cloud computing in the financial industry - A security and compliance nightmare?

Over the past few decades, the spread of IT (Information Technology) has substantially altered the financial industry and enabled the development of a wide range of novel products, such as online banking or, more recently, mobile banking. Nowadays, IT has grown into one of the essential production factors in the finance domain. At the same time, IT constitutes a major expense post for the industry and suffers from the fact that many systems have grown more or less unstructured over a long period of time, resulting in low efficiency and flexibility.

Recently, cloud computing has emerged as a novel paradigm that suggests a groundbreaking shift in the way IT services are provisioned and consumed. Through consequent service orientation and the exploitation of economies of scale, cloud computing promises to deliver IT capacities both more flexibly and cost-efficiently than traditional in-house IT. However, moving applications and data into the cloud does not only suggest multiple benefits, but also poses novel challenges. Will the dream of low-cost, flexible computing become a security and compliance nightmare for the highly regulated financial industry, in the long run?


The Spring Conference 2012 will feature talks and a panel discussion involving various industry and research experts. Please find the detailed agenda below (while it is unlikely, the provided time slots, speakers, and topics may be subject to change):


Agenda Item

14:00 - 14:15

Welcome Notes (English / German)
Dr. Manfred Efinger, Chancellor of Technische Universität Darmstadt
Jochen Partsch, Lord mayor of the City of Science Darmstadt
Prof. Dr.-Ing. Ralf Steinmetz,
E-Finance Lab / Technische Universität Darmstadt
[Download Slides]

14:15 - 14:45

Myths of Cloud Computing: Business Models, Security Issues and Insights from Empirical Surveys (English)
Prof. Dr. Peter Buxmann, Technische Universität Darmstadt

[Download Slides]

14:45 - 15:15

Security Challenges in the Cloud (English)
Prof. Dr. Claudia Eckert, Fraunhofer AISEC
[Download Slides]

15:15 - 15:45

Security Requirements in the Era of Mobile
Communication – The Case of the Financial Industry (English)
Dr. Kai Grassie, Giesecke & Devrient
[Download Slides]

15:45 - 16:00

Coffee Break

16:00 - 16:30

Judicial Pitfalls on the Cloud Route (English)
Georg Linde, Willkie Farr & Gallagher
[Download Slides]

16:30 - 17:00

Rethink IT, Reinvent Business – The Vision of Modern (Cloud) Computing within Financial Services Business (English)
Michael Schüttler, IBM

[Download Slides]

17:00 - 17:30

Service Sourcing from the Cloud – The Impact of IT Architecture (English)
Jürgen Urbanski, T-Systems
[Download Slides], [Download Recording (ca. 115 MB)]

17:30 - 17:45

Coffee Break

17:45 - 18:45

Panel Discussion: "Cloud Computing in the Financial Industry - A Security and Compliance Nightmare?" (German)

Participants (in alphabetical order according to last name):
Matthias Kreft, DZ Bank
Dr. h.c. Hermann-Josef Lamberti, Deutsche Bank
Georg Linde, Willkie Farr & Gallagher
Michael Schüttler, IBM
Jürgen Urbanski, T-Systems

Prof. Dr. Michael Waidner, Fraunhofer SIT

Prof. Dr.-Ing. Ralf Steinmetz, E-Finance Lab / Technische Universität Darmstadt

[Download Recording (ca. 260 MB)]

We recommend the use of VLC Player for playback.


Get Together and Networking
Complimentary snacks and beverages will be served

Questions, Comments?

For inquiries, please contact our organizing team.