Utilizing a hybrid cloud enables Banks to leverage the capabilities of both private and public cloud services, resulting in a cloud strategy that reduces overall ownership costs, increases scalability and performance, and improves operating efficiency.
As Banks become more innovative in their approach in supporting the aims of financial service platforms and open banking, many banks have adopted a hybrid cloud solution that enable them to drive enhanced operational efficiency while including third party services and establishing a collaborative ecosystem in a safe and secure environment.
By using hybrid cloud, banks are able to maintain and support their legacy systems while simultaneously taking advantage of cloud technology
Applications for Trusted Digital End-to-End Processes
Cloud Service Architecture
A hybrid cloud solution embraces Open Banking and PSD2 architecture in an agile, seamless and secure environment. A solution that is compliant with banking regulations such as PCI DSS or FIPS 140-2.
Multi-cloud Key Management
Encryption keys have historically been managed by hardware security modules (HSMs) located in the organization’s data centers. However, organizations, particularly those with international operations are moving toward hybrid-cloud environments. The CryptoServer Cloud is a uniquely flexible and customizable HSM as a Service.
Post Quantum Crypto Agility (Future Proofs and PQC)
At this time, no quantum computer can run quantum algorithms, however once they are able to, these computers will decimate the security infrastructure of the digital economy. Post-quantum crypto-agility is a necessity for the financial services infrastructure to be able to evolve in the advent of a new generation of attacks and consequently evolving cryptographic standards and algorithms.
