Many organizations have looked to cloud and colocation to push some of their most critical workloads outside of their own data centers. Now even workloads bound by compliance regulations can find a home in the cloud. The good news: compliance, regulations, and cloud can all live together harmoniously.
But it’s not always easy. For organizations worried about compliance, cloud can be a challenging maze to navigate.
“Financial firms remain under pressure from regulators to improve the effectiveness of their compliance and risk management analysis and reporting,” said Bill Fearnley, research director, Compliance, Fraud and Risk Analytics at IDC Financial Insights. “To stay ahead of bad actors and improve their compliance and fraud detection programs, financial firms are increasing investments in analytics tools and new sources and types of data.”
To read the full article, please click here.