Optimising IT Infrastructure to Improve Business Agility and Security

Banks, asset managers, insurers and other firms are realising that using several cloud service providers (CSPs) instead of one gives them greater flexibility and agility. An agile business is  better able to address challenges and succeed in a financial services marketplace that has become increasingly competitive, less secure and more regulated.

This live webinar, hosted by the Financial Times in partnership with Dell Technologies and Intel, brought together senior executives from major financial institutions and big technology companies. They discussed how a flexible, multi-cloud strategy could enhance business agility.

Banks and other financial institutions are rapidly migrating to the cloud.

Financial regulators are keeping a close watch on how firms outsource to cloud service providers (CSPs) and cyber risk is a constant threat. However, regulators are becoming more comfortable with firms shifting much of their IT onto the cloud; and CSPs have robust security and recovery procedures in place which are often better than what individual firms can achieve themselves.

A multi-cloud approach is best as it provides greater flexibility, agility and security.

It is no longer relevant to refer to the cloud in singular terms any longer. It is a modern digital model that can scale across the continuum of public, private and hybrid cloud platforms operated by multiple providers.

The productivity benefits of cloud are more important than any potential cost savings.

Cost savings should not be the primary objective of using the cloud, but productivity gains.

Cloud users are still ultimately accountable to their customers and regulators.

Financial institutions that outsource their IT to cloud providers cannot outsource their responsibilities.

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