Professional Documents
Culture Documents
ore and
more financial
institutions are
also recognising
that technology
can also help
them more quickly
bring new and
innovative products
to market, allowing
for competitive
differentiation
in a crowded
marketplace.
Enhanced security
think tank
sibly even across wide geographical
regions. When a server crashes or
hardware malfunctions, the risk is
minimised because data is safely
stored across multiple locations.
Most Cloud service providers also
offer in-built multi-layer protection
against spam, viruses and malware;
email retention for compliance; and
policy-based e-mail encryption,
keeping e-mail communication safe
and secure.
usinesses
that use Cloud
computing often
enjoy stronger
data security
than those that
try to go it alone.
Reduced infrastructure
requirements
As an organisation grows, so do
its information technology hardware
and software need. By migrating to
the Cloud, businesses can reduce the
size of onsite infrastructure, share
think tank
As the company grows, hires more
employees or sets up a new office,
it need not purchase additional
infrastructure to support daily operations. Rather, the Cloud environment can scale itself to match the
companys growth. Organisations
that experience seasonal changes
in activity can scale up or down
their Cloud usage to match the
work tempo. This affords the kind
of flexibility that on-site systems
simply cannot match.
24x365 support
System availability
Location of data
Banks and other financial institutions often demand control over the
witching to
the Cloud allows
organisations
to meet their
changing needs
and goals, but
without large
investments or time
commitments.
Management of data
Full compliance with data privacy requirements, and in particular, ensuring the safety of valuable,
personally-identifiable information,
is vitally important. A good start
is to have clear policies, such as
providing data access only to bank
personnel, and generating notifications whenever a third party, either
fraudulent or legitimate, tries to access the banks information. Financial institutions must also check that
their service provider stays abreast
of evolving data-security threats.
Security policies
An ironclad security policy covers not only the data itself, but also
the datacentre facilities, databases,
applications, operating systems, networks and everything in between.
For many institutions, an onsite visit