How is that different than the banks own systems? In the UK, we have seen about 4 or 5 really bad system failures in banks leading to unpaid salaries/bills etc.

How is that different than the banks own systems? In the UK, we have seen about 4 or 5 really bad system failures in banks leading to unpaid salaries/bills etc. and I believe all of them were on-prem. Sure, hedge your bets but I would hope that most people using cloud are smart enough to at least get it 95% cloud-agnostic so if price gouging occurs, they can leave.