Why private clouds?
Regulatory compliance and data privacy requirements require financial institutions (FIs) to consider carefully where their applications are running and where the customer data is stored. The data protection and data sovereignty laws in most countries require an enterprise to keep data in certain geographic locations. PCI Data Security Standard, for example, regulates the way the customer and financial transactions data is stored and transmitted. While various regulatory compliance and security standards do not prevent the data from being stored in the public cloud, the process of remaining compliant is simplified by storing sensitive customer and financial data in the private cloud. A private cloud is thus a key component of hybrid multi-cloud strategy adopted by various financial institutions.
Private cloud optimisation based on price-performance
Cost optimisation is one of the key drivers for hybrid multi- cloud adoption in the financial services…
