The Association for Financial Markets in Europe (AFME) has recently set out 14 recommendations to help realise the full potential of public cloud computing across the capital markets industry, as issues such as legacy technology, security, regulatory concerns and standardisation have slowed uptake. One of the key themes of the research was that the industry as whole must continue to share knowledge, best practice, and promote standardisation and consistency, in how public cloud and wider cloud services are adopted.
The research identifies ample business benefits such as agility, innovation, improved cost management, efficiency, enhancing client experience and their service offerings are examples. However, they estimate that less than 10% of bank’s surveyed had any of their current workload on the public cloud today. It is also recognised that it must be easier for organisations to move between cloud service providers to avoid being locked in or have over dependency on one provider. So how can this be achieved?
Together we wish to explore the appetite for use of public cloud and cloud standards in this lunch time workshop. An introduction will be given by David Ostojitsch, Director of Technology and Operations at AFME and the discussion will be led by Cloud interoperability expert Alasdair Hodge from Cloudsoft Corporation, a recognised authority on cloud services architecture.
ISITC EUROPE CIC is a not for profit Community Interest Company who works with its members to promote operational efficiency in the capital markets arena and has been doing this for almost three decades. It has a track record as being a vehicle through which the industry and service providers can collaborate on areas such as standards.
The Chartered Institute for Securities & Investment (CISI) is the largest and most widely respected professional body for those who work in the securities and investment sector in the UK and in a growing number of financial centres globally.