Financial Cloud 4 Strategies Strengthen Data Power

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In order to keep up with the digital transformation trend of the global financial industry, the Financial Supervisory Commission has introduced major legislative amendments this year (2023), announcing that the cloud regulations in the financial industry will be significantly relaxed. In the future, all non-major and non-consumer financial information systems of banks will be outsourced to cloud services. It can be directly deployed in domestic and overseas cloud systems without application. The introduction of new financial cloud laws will be a new opportunity for digital transformation, which will help financial players introduce more diverse qatar whatsapp phone number digital tools such as cloud computing, SaaS data systems, and data integration . It is also expected to make digital competition more intense. This article will give you a quick understanding of the differences and advantages before and after the revision of the financial cloud law, as well as how financial industry players can use four data strategies such as data integration and marketing data application to gain digital competitiveness!

Financial Cloud Standards for Lazy People & Differences Before and After the Law Amendment
Financial cloud standardization for lazy people: Comparison of outsourcing application procedures before and after the law was revised. (Source: Financial Supervisory Commission)
Financial cloud standardization for lazy people: Comparison of outsourcing application procedures before and after the law was revised. (Source: Financial Supervisory Commission)
Before the law is revised: Regulatory restrictions become a challenge for the digital transformation of the financial industry