LATEST INTELLIGENCE
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DELIVERING SECURE TRANSACTION PROCESSING IN THE PUBLIC CLOUD
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The deployment of secure processing technology environments is an arduous and costly process. With legacy transaction processing still mainframe-based; and even relatively recent processing technologies burdened down with hardware security, key management and encryption devices; deploying or scaling quickly- or even just changing anything infrastructure-related- is something not to be undertaken by the faint hearted.
When you place these restrictions into the context of the dramatic and wholesale changes that are occurring in the approach to procurement and management of technical infrastructure in other industries, you can begin to better understand the negative effect that the current position has on the agility and efficiency of payments products, and the operating costs of financial institutions and other businesses operating in the payments space.
The rulebook has been re-written with the advent of public cloud infrastructure. Imagine what financial institutions and payments businesses would be able to achieve if they could leverage the significant benefits that cloud deployment brings? For example:
• creating or replicating a secure environment on another continent within a matter of hours;
• scaling-up or down volume handling capacity, and the associated costs, on demand;
• building and deploying new products for beta testing without any worries about the cost and availability of technical infrastructure resources; or
• being able to mitigate disaster recovery and business continuity planning risks at a fraction of the cost of traditional techniques without compromising on recovery time or recovery point objectives.
All of these things are now possible- right here and right now- using public cloud technologies. However,
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