New Cloud Delivery Models Meet Wishlists of Asia's Financial Services Sector and Regulators: IDC

The continued hybridisation of Cloud will not only give financial institutions access to the ‘right’ model for their industry, but grant them a tailor-made solution for each organisational function as well, says Sui-Jon Ho, market analyst in IDC Financial Insights.

IDC Financial Insights’ latest study, reports that the region is becoming more accommodative to cloud initiatives as once-fragmented financial regulations begin converging on the topics of service interruption, information leakage and customer data security. Longstanding policy uncertainties are being gradually dispelled, albeit at the price of more onerous measures.

In coping with regulatory and business mandates, four common parameters must be considered: the type of datacenter management (internal or third-party), its location (on-premise or off-site), user tenancy (single-tenant or multi-tenant) and the inclusion data segregation (hardware, software or none).

This report details how the Dedicated Private Cloud (DPC), Virtual Private Cloud (VPC) and the Community Cloud models (alongside traditional public and private cloud services) could potentially offer a solution to the extensive IT wishlists of today.

Ho states, “The evolution of cloud technology provides users today with an opportunity to choose the best-of-breed solutions to gain better business efficiency. Hybrid models along the private-public spectrum now have lower barriers of entry and are becoming viable solutions to the longstanding ‘cost-versus-compliance’ dilemma.”

Towards 2014 and beyond, the pursuit of business continuity must accommodate not only the pan-Asian ambitions of the modern FSI, but the super-regional demands of the ‘global client’ as well. An increasing number of institutions have, as a result, deployed hosted private cloud solutions across various functional processes to meet the twin mandates of cost efficiency and faster time-to-market.

He continues, “Taking full advantage of cloud solutions lies in determining which of Asia’s structural environments are becoming more permissive for cloud rollouts. Macro-factors, from regulatory alignment to ICT infrastructure modernisation, play a deciding role in deciding where such technologies can be deployed to greatest effect.”