Solution Briefs

Financial Services Solutions Brief

Information on multi-cloud networking, cloud network platform, cloud networking, cloud network security, cloud network operations

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Introduction As the former Global Head of Network Engineering at one of the top five global financial institutions, I regularly worked with different country Financial Service regulators to ensure infrastructure is architected properly and cus- tomer data is safeguarded and in compliance with local and global regulations. I was also part of movement to public cloud and would like to share learnings both from a customer and vendor view including learnings with many FSI discussions at Aviatrix. Cloud Journey Starts with the CSP Outsourcing to public cloud is on the rise and in majority of the cases an enterprise will work with a Cloud Service Provider (CSP) of their choice to plan and manage their workloads as well as software services. If the enterprise is new to cloud, then most of the early strategy and decision making can be influenced by what CSP prescribes. Similarly, they dictate what products cus- tomers can consume within an established scope. Financial Services Institutions (FSI) are also now relying more on CSPs. The role the CSP plays in supporting their operations has increased certain risks and created new risk across people, processes and of course technology. This solutions brief seeks to provide a brief overview to help guide FSI adopters of cloud services to apply a robust risk-based framework as recognised by global financial regulators. "Ultimately responsibility lies with the FSI, particularly to safeguard customer information, countries and/or regions it operates in." – John Gonsalves Targeted audience for FSI business decision makers, CIO's, CTO's & Cloud Architects responsible for driving strategy Financial Services Regulation & Risk Management for Cloud Networking SOLUTIONS BRIEF

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