How Azure is used in Banking and Financial Services _ Websynergies

1. How Azure is used in Banking and Financial Services | Websynergies

2. How Azure cloud is used in BFSI sector The Azure platform is fast becoming the most trusted cloud for the banking & finance industry, mainly because it is being delivered by people who truly understand the needs of the financial world. This combination of vast expertise with Azure’s cutting-edge cloud-based services gives you a highly capable team that can drive digital transformation faster, while also minimizing risks.

3. How Azure is used in Banking and Financial Services Azure is the ideal platform to innovate new banking ecosystems and deliver highly personalized experiences. Azure enables banking and other financial organizations to: • Transform customer experiences • Simplify regulatory compliance • Optimize risk management • Use cloud resources to extend on-premises capacity on demand • Accelerate decisions with rapid risk analysis and deep insights • Simplify data management and decrease costs, to leverage advances in artificial intelligence

4. Salient features of Azure for Banking & Finance Simplify data management & optimize costs As the digital landscape for the banking and financial industry faces rapid changes, data ingestion is also increasing exponentially. This is resulting in banks and financial institutions looking for fast, innovative, and secure ways to store, analyze and use this valuable data. Through the implementation of several technologies and strategies, Azure can help optimize data ingestion, processing, archiving and deletion. Data Ingestion into Azure is a simple process, and depending on its type, structure, and other factors, there are various data stores available to store the data. Data solutions are available beyond SQL Server and SQL Azure to include 3rd party databases.

5. Salient features of Azure for Banking & Finance Hasten decision making with rapid risk analysis and deep insights Most organizations have an existing in-house risk computing grid in use. If your grid was developed internally, you should consider Azure Batch to easily extend the grid. A good place to start is to extend current on-premises solutions by replicating the existing processing application logic and running it as a Batch job in Azure. This may require a networking solution for joining the Azure Batch compute nodes to the on-premises network, depending on the application's functionality. To mitigate security, speed, and connection reliability concerns, connect your on-premises network to Azure using Azure ExpressRoute or a VPN Gateway.

6. Salient features of Azure for Banking & Finance Simplify security & compliance Azure lets you take advantage of the latest in security innovation, with the broadest compliance coverage of any cloud provider. A dedicated program for financial services compliance also simplifies the approach to regulatory compliance. Get support for the right to audit, transparency in operations, automated audits, and self-reporting. Also, optimize financial crime prevention across your environment, and unify security management. It is important to understand all applicable regulations, conduct risk assessments and decide on the best way to configure the online services.

7. Conclusion: Web Synergies is an ISO 27001:2013 certified company, and a Microsoft Gold Partner with over 30 years of experience in delivering customized cutting-edge technology solutions to businesses and organizations of all sizes, across a wide range of industries around the globe. Reach out to our team of experts to find the right solution for your business needs.

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