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 this article, we will look at integration points and explain why it is important that a key management system is able to integrate with a number of applications across various environments (in-house data centers and public clouds).
Microsoft’s Azure Key Vault Managed HSM allows customers to safeguard their cryptographic keys for their cloud applications and be standards-compliant. It is a highly available, fully managed, single-tenant cloud service that uses FIPS 140-2 Level 3 validated hardware security modules (HSMs). Here we will discuss the reasons why customers who have a centrally managed key management system on-premises in their data center should use a hosted HSM for managing their keys in the MS Azure Key Vault.
This article explores how Cryptomathic CKMS combines BYOK for the MS Azure Key Vault with banking-grade key lifecycle management; to address the concerns banks have regarding key management in the public cloud.
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.
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.
Open banking can offer opportunities for retail banks that are faced with competition from newcomers to the banking and finance industry. For those unfamiliar with what open banking is, it can be best defined as “the use of open APIs that enable third-party developers (FinTech or non-banking service providers) to provide applications and services around the financial institution.” These services may be located between the customer and the bank, or placed in the bank’s bank-end.
