APAC CIO Outlook
  • Home
  • CXO Insights
  • CIO Views
  • Vendors
  • News
  • Conferences
  • Whitepapers
  • Newsletter
  • Awards
Apac
  • Agile

    Artificial Intelligence

    Aviation

    Bi and Analytics

    Big Data

    Blockchain

    Cloud

    Cyber Security

    Digital Infrastructure

    Digital Marketing

    Digital Transformation

    Digital Twin

    Drone

    Internet of Things

    Low Code No Code

    Networking

    Remote Work

    Singapore Startups

    Smart City

    Software Testing

    Startup

  • E-Commerce

    Education

    FinTech

    Healthcare

    Manufacturing

    Retail

    Travel and Hospitality

  • Dell

    Microsoft

    Salesforce

    SAP

  • Cognitive

    Compliance

    Contact Center

    Corporate Finance

    Data Center

    Data Integration

    Digital Asset Management

    Gamification

    HR Technology

    IT Service Management

    Managed Services

    Procurement

    RegTech

    Travel Retail

Menu
    • Salesforce
    • Software Testing
    • Procurement
    • Managed Services
    • Cyber Security
    • Gamification
    • Blockchain
    • CRM
    • E-Commerce
    • MORE
    #

    Apac CIO Outlook Weekly Brief

    ×

    Be first to read the latest tech news, Industry Leader's Insights, and CIO interviews of medium and large enterprises exclusively from Apac CIO Outlook

    Subscribe

    loading

    THANK YOU FOR SUBSCRIBING

    • Home
    • Salesforce
    Editor's Pick (1 - 4 of 8)
    left
    Redefining the CIO's role

    David Kennedy, CIO, Transaction Services Group

    IT in a balancing act between Agility & Sustainable Value Creation

    Mourad Ajarti, Asia Pacific CIO, L'Oréal

    Never Fear the Cloud

    Dennis Hodges, CIO, Inteva Products

    Is It About It? Never Ever

    Ralf Schneider, CIO, Allianz Group

    How digital tools are changing the radio industry

    Tim Armstrong, the Director of Digital Capability and Data at NOVA Entertainment

    The Ever-Evolving Landscape Of Customer Experience Management

    An Interview with Kannan Rajaratnam, Regional Director of Payments & Customer Operations, ZALORA Group

    Liberty Mutual Insurance

    Sourabh Chitrachar, The Regional Vice President- Asia Technology Strategy & Operations, Liberty Mutual Insurance

    Leveraging Technology To Improve Efficiency In The Hospitality Industry

    Graham Perry, Managing Director, Australasia, BWH Hotel Group®

    right

    The Future of Financial Markets: Getting Ready for the Next Level of Cloud Usage

    Michael Girg, Chief Cloud Officer, Deutsche Börse [FRA: DB1]

    Tweet
    content-image

    Michael Girg, Chief Cloud Officer, Deutsche Börse [FRA: DB1]

    The evolution of digitalization is leading to challenging transformational processes at an ever-increasing pace, and not only in the financial services industry. How does a market infrastructure provider and international exchange organization like Deutsche Börse deal with these transformations? And what technologies are crucial for our business as well as the broader financial services industry? Technological innovation has always been a part of our DNA. Our core expertise is to deliver operational excellence with high process reliability and stability at scale. Deutsche Börse, therefore, made the further exploration of new technologies, which is one of the key pillars of its growth strategy.

    The focus here is on four new technologies – DLT, Cloud, Big Data and Advanced Analytics, and Automation – to foster innovation for both our existing businesses and new markets. As a key technology, cloud services will accelerate the push into new technologies and enable major initiatives. Cloud services will allow for developing and running blockchain-based services wherever required. Public cloud components in big data/analytics solutions accelerate the analysis of large data sets and the usage of specialized services for machine learning, to name a few. In order to drive this forward and to unfold the benefits of cloud technology, the company embarked on its journey to the cloud.

    The Specific Benefits of Shifting to the New Technology

    The main advantages include improved agility, i.e.’ the possibility to provide more scalable infrastructure and much faster. In addition, using cloud technology, we can develop new functionalities faster and bring them to market maturity. We also see an opportunity to automate more and leverage the efficiencies that the cloud offers. It allows concentration on the business topics and, via standardization, reduces system-induced complexity to a large extent.
    Overall, the cloud is an important enabler for innovation and empowers us to implement key new technologies, which are much more difficult to set up without the availability of unlimited computing power, unlimited storage, and the democratization of frameworks.

    As A Key Technology, Cloud Services Will Accelerate The Push Into New Technologies And Enable Major Initiatives

    Deutsche Börse decided to follow a multi-vendor strategy for cloud usage, allowing us to make use of the best services and strengths of each for every individual use case, and to ensure portability. When entering the first partnership with Microsoft in 2019, Deutsche Börse was an early mover in the financial services industry, closing a regulatory compliant contract for migrating regulated workload into the cloud. With Google, we have a further strong partner on board to provide cloud services. Furthermore, Google’s state-of-the-art security and transparency capabilities will enable us to co-develop solutions for security and data privacy. Here we aim to lead in the financial services industry. Having two powerful partners on board allows us to extend and to deepen our cloud usage.

    Whenever a new technology comes into play, trust is an essential prerequisite to ensure acceptance in the markets. We see it as our responsibility to create this trust in the markets of today and tomorrow, which is why security and compliance are of utmost importance. We know that these aspects are always a moving target in financial services. Ensuring our data and that of our customers receive the highest levels of protection, therefore, counts as a top priority. Besides, a broad dialogue with all involved parties is very important.

    In light of this, a key characteristic of our approach is the idea of partnership. This is firmly anchored in our corporate strategy and shapes our actions at all levels – including when it comes to meeting the opportunities and challenges of digitalization. Through our collaborative approach and deep involvement with multiple regulators and authorities, we were able to address remaining gaps and to create a first-of-its-kind contractual framework. With this, we are also paving the way for cloud adoption for many others by providing new contractual standards. And, of course, our journey does not end here as we are looking forward to expanding our collaboration and adding new partners.

    Another good example of how partnerships can help to overcome common challenges is the collaborative cloud audit group (CCAG). EU financial institutions are required by regulation to ensure unrestricted audit rights and the capability to perform audits when they outsource material workloads to cloud service providers. As a result, Deutsche Börse initiated the CCAG in 2017 to comply with these regulatory requirements. The collaborative audit group performs such audits in a collective manner, significantly reducing the effort for both financial institutions and cloud service providers. This industry-wide initiative includes about 30 large EU financial institutions and insurance companies.

    In a nutshell, the cloud sets the foundation for innovation and empowers us further to shape the future of our digital financial services. Cloud is already happening at a large scale and impacting the way we work and how we serve our customers.

    tag

    Financial

    Big Data

    Machine Learning

    Weekly Brief

    loading
    Top 10 Salesforce Solutions Companies - 2022

    Featured Vendors

    OSF Commerce

    Gerard Szatvanyi, President & CEO

    Beryl8

    Apisek Tewinpagti, Co-Founder & CEO

    ON THE DECK

    Salesforce 2022

    Top Vendors

    Salesforce 2021

    Top Vendors

    Salesforce 2020

    Top Vendors

    Salesforce 2019

    Top Vendors

    Salesforce 2018

    Top Vendors

    Salesforce 2017

    Top Vendors

    Salesforce 2016

    Top Vendors

    Previous Next

    I agree We use cookies on this website to enhance your user experience. By clicking any link on this page you are giving your consent for us to set cookies. More info

    Read Also

    Deliver Resiliency with Managed Services

    Deliver Resiliency with Managed Services

    Edy Salim, Head of Technology Services & Enterprise Architecture, PT Adira Dinamika Multifinance Tbk
    Sustainable Future through Innovative Technology Solutions

    Sustainable Future through Innovative Technology Solutions

    Faisal Parvez, CIO and Director, BT
    How to align Supply Chain with Corporate Strategy

    How to align Supply Chain with Corporate Strategy

    Chanaka Rathnayake, Senior Production Manager (Packaging) at The HEINEKEN Company
    A dose of our own medicine

    A dose of our own medicine

    SABINA JANSTROM, IT DIRECTOR, DYNO NOBEL
    Insider Threat

    Insider Threat

    AI is America's best weapon for disrupting health inequities

    AI is America's best weapon for disrupting health inequities

    Michael Dowling, President & Ceo, Northwell Health and Tom Manning, Chairman, Ascertain
    Combating IoT Challenges with Smart Choices

    Combating IoT Challenges with Smart Choices

    Sandeep Babbar, Head Of Technology Innovation, Gwa Group Limited
    Artificial Intelligence regulations and its impact on medical devices

    Artificial Intelligence regulations and its impact on medical devices

    Leo Hovestadt, Director Quality Assurance Elekta
    Loading...

    Copyright © 2023 APAC CIOoutlook. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Use and Privacy and Anti Spam Policy 

    |  Sitemap |  Subscribe |   About us

    follow on linkedinfollow on twitter follow on rss
    This content is copyright protected

    However, if you would like to share the information in this article, you may use the link below:

    https://salesforce.apacciooutlook.com/cxoinsights/the-future-of-financial-markets-getting-ready-for-the-next-level-of-cloud-usage-nwid-7851.html?utm_source=google&utm_campaign=apacciooutlook_topslider