Cloud service providers looking to capitalise on increased demand from the financial sector need to be aware of the risks and issues that come with the territory. Providers need to be sensitive to the specific needs of financial sector customers in order to build successful relationships with this diverse and often sophisticated user base.
The regulatory landscape in the jurisdictions where the customer operates is a key consideration. Cloud service providers seeking to serve the financial sector will need to understand local requirements relating to:
- financial services licensing
- outsourcing
- critical infrastructure
- data privacy and security
Early engagement with the customer on these issues, underpinned by customer education on cloud service operating models, is critical to a successful implementation.
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The post Providing Cloud Solutions to the Financial Sector: Navigating the Regulatory Landscape appeared first on Connect On Tech.