Banks and financial services companies have spent a lot of money on shifting applications and data into the Cloud and onto SaaS platforms to achieve cost savings, flexibility to scale with demand and resilience. Not possible from a traditional data center. Banks are hitting limits on compliance and data residency on what sensitive data and business operations can be performed in the Cloud or by a SaaS provider.
In today’s multi-cloud world, clients demand flexibility, mobility and portability between cloud providers. No longer are we tied to Datacenters, applications and data are stored in a variety of locations – Datacenters, Private Cloud, Public Cloud, Multi-Cloud, Data Lakes, etc. Flexibility, mobility and portability stimulate innovation and allow rapid growth but also introduces complexity and regulatory compliance challenges.
And of course, we have Data Sovereignty Laws that require corporations are able to keep client data protected.
- Gramm-Leach-Bliley Act (GLBA), commonly known as the Financial Services Modernization Act
- The California Consumer Privacy Act of 2018
- all 50 U.S. states have implemented their own data privacy regulations
Please join DXC and Thales to learn how to realize the full value of your data without compromising your regulatory compliance on where your data is stored and who has access to it.