Digitalization of Financial Services in the Age of Cloud: Considerations for Your Organization's Cloud Strategy

by Jamil Mina, Armin Warda, Rafael Marins, Russ Miles

Overview

If you're planning, building, or implementing a cloud strategy that supports digitalization for your financial services business, this invaluable guide clearly sets out the crucial factors and questions to consider first. With it, you'll learn how to avoid the costly and time-consuming pitfalls and disappointments of cloud adoption and take full advantage of the cloud operational model. You'll discover cloud tactics that unlock the benefits of digitalization and how to create a cloud strategy that has the flexibility to streamline operations, integrate channels, and encourage innovation in your firm.

Packed with invaluable advice and real-world case studies, this book will show you how to:

• Select the right operational models for your needs
• Build resilience into your company's technologies
• Assess the trade-offs of third-party digital native services versus developing them in-house
• Ensure operability across cloud services providers
• Balance innovation and accountability
• Deal with digitalization issues of particular importance in finance, such as governance, security, and regulatory compliance
• And more

Product Details

ISBN-13:	9781098136277
Publisher:	O'Reilly Media, Incorporated
Publication date:	06/13/2023
Pages:	111
Product dimensions:	6.00(w) x 9.00(h) x 0.24(d)

About the Author

Jamil Mina is the Head of the Regional Office of Technology, Financial Services, at Red Hat. A 25+ years technology veteran in the Financial Services industry, Jamil is passionate about the value of open source and how it can help Financial institutions be successful in achieving their Digital Transformation objectives. His areas of expertise include security, risk, and compliance, DevOps practices, open hybrid cloud, and banking and financial systems architecture.
Previously, Jamil was a leader at BMO Financial Group, a large financial institution in Canada and in the top 50 worldwide. During his tenure, he enabled continuous deployment, data center automation, and container orchestration. Driving such complex transformational capabilities required a strong collaboration with the business and application development teams.

Armin Warda is the FSI EMEA Chief Technologist at Red Hat. He supports Red Hat’s Financial Services customers and partners in the adoption of Red Hat technology, particularly in regard to Operational Efficiency, Security & Compliance as well as on their journey to Hybrid Cloud. He is currently exploring the impact of proposed European regulations and initiatives on the financial services industry and their IT providers, such as the Digital Operational Resiliency Act (EU-DORA) and the Artificial Intelligence Act (EU-AIA). Among his areas of interest are also Environment, Social & Governance (ESG) aspects of IT, Trustworthy AI, and the potential transformation of the Payment Industry through the introduction of StableCoins by Big Tech Companies and Central Bank Digital Currencies (CBDCs) as currently being discussed by central banks around the world, the EU and G7.



Armin has recently joined Red Hat. Prior to his current role, he worked for 22 years at Postbank Systems as a Senior IT Architect for Postbank and Deutsche Bank. Armin holds a master's degree in Computer Science from the Technical University of Dortmund.

Russ Miles is an international speaker, trainer and author. Most recently he published Learning Chaos Engineering with O'Reilly. He also delivers public and private courses on Chaos Engineering and Resilience Engineering around the world and online for O'Reilly Media. He is currently Head of Engineering at Segovia Technology.