Source: www.sourcedgroup.com
Banking and Operational Resilience in the Cloud
With cloud adoption on the rise in the banking sector, operational resiliency is under the spotlight. Banks and financial authorities alike are keen to ensure the transition to cloud is secure and doesn’t harm customers or result in disruption.
The European Banking Authority (EBA) has published detailed recommendations on outsourcing to cloud providers.
More specifically, it states that financial institutions should have in place “an exit strategy and de-conversion plan or strategy for the cloud services.”
While a multi-cloud approach helps improve operational resilience in the banking sector, getting it right requires extensive cloud expertise.
The European Banking Authority (EBA) has published detailed recommendations on outsourcing to cloud providers.
More specifically, it states that financial institutions should have in place “an exit strategy and de-conversion plan or strategy for the cloud services.”
While a multi-cloud approach helps improve operational resilience in the banking sector, getting it right requires extensive cloud expertise.
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