5 Benefits of cloud computing in fintech

man looking at graphs on ipad

High scalability

Sophisticated data management

Self-service capabilities

Simplified innovation

Robust security

Top cloud service providers for financial organizations

Best practices when migrating to the cloud

  • Protecting data: Before moving data and applications over to the cloud, it’s important to understand your service provider’s capabilities regarding data encryption and access control. This often requires going through various use cases, technologies, and processes to see where any vulnerabilities may exist.
  • Maintaining compliance: Financial institutions are required by law to protect customer information. So before you decide on a cloud computing service, make sure you understand the measures each provider takes to help their users maintain compliance with various government regulations.
  • Having a disaster recovery plan: In case something goes wrong, it’s crucial to have all of your business’ data copied and stored in a secure location. All reputable cloud providers have disaster recovery plans, but they’re not all the same — so it’s important to understand how each one works, as well as which is the most reliable and cost-effective for your business.

Getting started with cloud computing in fintech

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