Why the DTCC Is Using Amazon’s Cloud

Grazed from FTFNews. Author: Eugene Grygo.

Something interesting is underway as far as cloud computing and securities operations — the Amazon Web Services (AWS) offering has been quietly gaining ground after some initial resistance. I recall that the main concerns about using the AWS cloud revolved around compliance and security.

But Amazon zeroed in on the compliance and security demands and concerns of the securities industry by putting out a document that offers an overview of how AWS meets the regulatory requirements of the SEC’s Office of Compliance Inspections and Examinations (OCIE)…

“The document is to be used by AWS securities industry customers, their examiners, and advisors to understand the scope of the AWS services, guidance for implementation, and examination when using AWS as part of the financial institutions environment,” according to the Amazon paper…

Read more from the source @ https://www.ftfnews.com/why-the-dtcc-is-using-amazons-cloud/13793