Last week, the U.S. Department of Commerce’s National Institute of Standards and Technology (NIST) released for public comment a draft roadmap for implementing cloud computing technology across U.S. government agencies.  The roadmap is intended to foster adoption of cloud computing by federal agencies, reduce uncertainty surrounding cloud computing by improving the information available to policymakers, and facilitate the further development of the cloud computing model.  The deadline for comments is December 2, 2011. 

The roadmap is composed of three volumes: Volume I establishes priorities for implementation and provides a general understanding and overview of the background, purpose, and next steps for the U.S. government’s cloud computing initiatives.  Volume II is a technical reference guide for people actively working on cloud computing initiatives, while volume III is intended for policymakers who are implementing cloud computing solutions.  Volume I identifies ten requirements that must be satisfied in order for cloud computing initiatives to be implemented, including international interoperability, portability, and security standards; defined government regulatory requirements, technology gaps, and solutions; and defined and implemented reliability design goals.

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Photo of Mike Nonaka Mike Nonaka

Michael Nonaka is co-chair of the Financial Services Group and advises banks, financial services providers, fintech companies, and commercial companies on a broad range of compliance, enforcement, transactional, and legislative matters.

He specializes in providing advice relating to federal and state licensing and…

Michael Nonaka is co-chair of the Financial Services Group and advises banks, financial services providers, fintech companies, and commercial companies on a broad range of compliance, enforcement, transactional, and legislative matters.

He specializes in providing advice relating to federal and state licensing and applications matters for banks and other financial institutions, the development of partnerships and platforms to provide innovative financial products and services, and a broad range of compliance areas such as anti-money laundering, financial privacy, cybersecurity, and consumer protection. He also works closely with banks and their directors and senior leadership teams on sensitive supervisory and strategic matters.

Mike plays an active role in the firm’s Fintech Initiative and works with a number of banks, lending companies, money transmitters, payments firms, technology companies, and service providers on innovative technologies such as bitcoin and other cryptocurrencies, blockchain, big data, cloud computing, same day payments, and online lending. He has assisted numerous banks and fintech companies with the launch of innovative deposit and loan products, technology services, and cryptocurrency-related products and services.

Mike has advised a number of clients on compliance with TILA, ECOA, TISA, HMDA, FCRA, EFTA, GLBA, FDCPA, CRA, BSA, USA PATRIOT Act, FTC Act, Reg. K, Reg. O, Reg. W, Reg. Y, state money transmitter laws, state licensed lender laws, state unclaimed property laws, state prepaid access laws, and other federal and state laws and regulations.