AUGUST 201719When it comes to risk management, the one certainty is that future regulatory measures will present challenges to banks and financial institutions. We can make assumptions that future compliance requirements will revolve around protecting the customer and ensuring the future viability of institutions in the event of another financial crisis. But this is speculation, not prophecy.In an uncertain regulatory climate, it can be tricky for financial institutions to future-proof against forthcoming requirements. To ease the strain, there are a number of technology solutions that allow the measurement and management of financial risk and regulations, including cloud. In this case, technology like cloud offers several benefits. Most notably, cloud ensures that organizations can adapt to regulatory changes in a faster, more agile manner--software updates are much easier to implement than infrastructure overhauls. And though it's long been a concern of banks, steps have been taken to ensure that cloud today is as secure as any on premise system. As an example, our award-winning Unisys Stealth security software is available for both Microsoft Azure and Amazon Web Services cloud platforms, using encryption and identity-driven micro-segmentation techniques that allows enterprises to quickly and easily divide their physical networks into thousands of logical micro segments, delivering unmatched security and helping financial institutions reduce costs.Risk and Compliance in Banking Sector By Eric Crabtree, VP, Global Head of Financial Services, UNISYSEric CrabtreeCXO INSIGHTS
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