Securing data and keeping it private is essential for many organizations and institutions, including banks or ministries, where data security and data privacy are critical. That security and privacy must always be assured and remain in control under the institution or organization.

Banks continue to feel the profound transformational effects that digital technologies have on their business. This can be seen in the creation and acceleration of new business activities, models, competencies, and processes.

The need for certain encryption technology features can vary from company to company, depending on their individual needs for securing their data. The recent Ponemon Institute survey, Global Encryption Trends Study, showed that some encryption features are considered more essential than others when considering an encryption solution, especially for strong key management purposes.

In response to changing and more dynamic market demands, banks and financial institutions are turning into financial service platforms. They increase the extent of their digital transformations across the hybrid cloud, guided by three motivating factors:

IBM’s mainframe computers have been a rock-steady part of banks’ security infrastructure for many years. Originating from the local data-center concept, the current release is able to stretch banks’ security architecture across the hybrid cloud, harnessing advantages of on-premise and cloud-native software deployments - all without compromising data security and privacy.

This article explores the concept of financial service platforms and aligns resulting business (process) goals with the necessary crypto architecture. We have a particular look at the integration of MS Dynamics and MS Azure, as it is a rapidly growing service extension platform for many banks.

In the 2009 movie Cloudy with a Chance of Meatballs, food instead of rain begins to fall from the clouds. Today’s hybrid computing environment employs so many applications using cryptography that clouds are saturated with crypto keys, and you don’t want to find that yours are falling from the cloud into the hands of cyber-criminals. In this blog, from our strategic technology partner nCipher, we explore the critical need for key management in the hybrid cloud, particularly among banking and financial applications. 

The cloud services provided by Microsoft Dynamics 365 are gaining rapid market share in the banking world. A burning question for the security departments is how to take advantage of the cloud services on offer without relinquishing control of their cryptographic keys.

When migrating their business-critical applications and cryptography to the cloud, banks and financial institutions face a number of concerns. The push to adopt cloud computing for the sake of efficiency and innovation must be balanced with the responsibility to protect sensitive data and processes.