Clearing the Haze on Cloud Computing in the Financial Services Industry

Grazed from BusinessWire. Author: PR Announcement.

Financial service firms, including banks, brokerages, security firms and more, are among the types of organizations that can take advantage of the endless benefits of cloud computing architecture. Many financial organizations have made the move to cloud solutions, while other organizations are examining such a move. However, for regulated firms, there are significant legal and regulatory challenges that IT teams must navigate before moving to cloud architecture.

HOB, the market leader in pure software-based remote access solutions, seeks to help IT teams at financial institutions better understand the benefits of cloud computing and how to overcome regulatory challenges with a new e-paper now available for free download on the HOB website. The e-paper, titled "Clearing the Haze on Cloud Computing in the Financial Services Industry," describes various concerns financial institutions may have about cloud computing and offers insight on how to overcome these challenges…

In order to provide full understanding of the value the cloud delivers to financial institutions, HOB addresses the following topics in detail in the e-paper:

Key Cloud Computing Requirements as Set Forth by Regulatory Bodies

The key concerns regulated financial institutions face are those related to data privacy, data and systems security, business continuity and disaster recovery, and liability/risk management. While federal regulatory bodies have been clear about technology service requirements, many IT teams have complained these compliances do not help achieve cloud computing best practices.

Forward Moving Steps to a Cloud Computing Strategy

In order to move forward with a cloud computing solution, financial institutions must understand the information security risks, customer privacy concerns and strategy behind selecting the optimal cloud computing solution for their enterprise.

Types of Remote Access Solutions Suitable for Financial Institutions

Before selecting a single cloud computing solution, financial institutions must be familiar with individual enterprise needs along with the various functionalities and critical components of cloud solutions.

In addition to clarifying cloud computing concerns, the e-paper also explores the benefits of remote access technologies and offers useful tips about the use of cloud solutions.

"In today’s business environment, cloud computing is a necessary feature for financial institutions to implement," says Klaus Brandstatter, CEO of HOB. "As the benefits of cloud computing increase, these solutions will only become more optimized for the financial services industry. With the challenges regulatory bodies present, we want to clarify concerns and grant financial service IT teams the confidence that their data is secure and safe."