Cloud Banking: Infrastructure Migration Strategies
Discover best practices for migrating banking infrastructure to the cloud while maintaining security and compliance.
Cloud migration represents a strategic imperative for banks seeking to modernize infrastructure, reduce costs, and enhance scalability. However, financial institutions must navigate complex regulatory requirements and security concerns when moving to cloud environments. This comprehensive guide explores migration strategies including lift-and-shift, re-platforming, and cloud-native approaches. We examine hybrid cloud architectures that balance innovation with regulatory compliance, and discuss data sovereignty considerations across different jurisdictions. Security measures including encryption, access controls, and continuous monitoring ensure protection of sensitive financial data. The article covers vendor selection criteria, cost optimization techniques, and change management strategies to ensure successful cloud adoption while maintaining operational resilience and customer trust.
