“Distributed infrastructure provides far higher resilience and a considerably lower exposure to concentration risk than a conventional primary/standby datacentre architecture that many financial services still use”, said HeleCloud CEO Dob Todorov at the NEX Forum “Cloud in the Capital Markets – a dream come true or regulatory nightmare?” which took place in London on March 8. Together with experts from AWS and NEX he took part in a discussion focused on the cloud-based technology as a future for the Capital Markets. The event was focused on the merits of the broader use of cloud hosting to solve some of the most pressing current sector issues and how regulators view these tech developments.
“It is interesting the regulators focus on concentration risk when it comes to Public Cloud. By its very nature, Public Cloud is highly distributed, and at least as far as infrastructure is concerned, they are far less susceptible to such risk. For example, AWS has 18 regions across 54 availability zones, often with multiple datacentres in each of them. Such a distributed infrastructure provides far higher resilience and considerably lower exposure to concentration risk than a conventional primary/standby datacentre architecture that many financial services still use. As always, Cloud is the much more secure and less risky option to run regulated workloads”, commented Dob Todorov.
Together with NEX HeleCloud established a high-performance, resilient, secure and compliant platform which meets high security and compliance standards. Additional details about the solution built on AWS platform can be found here.
HeleCloud™ is an Amazon Web Services technology consultancy with offices in Maidenhead, UK, and Sofia, Bulgaria that helps enterprises of all sizes establish Cloud vision, and execute Cloud strategies through their industry-leading Cloud Roadmap methodology. HeleCloud™ also provides Cloud managed services to further amplify Cloud benefits and enable enterprises to focus on their core business and customers.