LATEST INTELLIGENCE
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DELIVERING SECURE TRANSACTION PROCESSING IN THE PUBLIC CLOUD
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The deployment of secure processing technology environments is an arduous and costly process . With legacy transaction processing still mainframe-based ; and even relatively recent processing technologies burdened down with hardware security , key management and encryption devices ; deploying or scaling quickly - or even just changing anything infrastructure-related - is something not to be undertaken by the faint hearted .
When you place these restrictions into the context of the dramatic and wholesale changes that are occurring in the approach to procurement and management of technical infrastructure in other industries , you can begin to better understand the negative effect that the current position has on the agility and efficiency of payments products , and the operating costs of financial institutions and other businesses operating in the payments space .
The rulebook has been re-written with the advent of public cloud infrastructure . Imagine what financial institutions and payments businesses would be able to achieve if they could leverage the significant benefits that cloud deployment brings ? For example :
• creating or replicating a secure environment on another continent within a matter of hours ;
• scaling-up or down volume handling capacity , and the associated costs , on demand ;
• building and deploying new products for beta testing without any worries about the cost and availability of technical infrastructure resources ; or
• being able to mitigate disaster recovery and business continuity planning risks at a fraction of the cost of traditional techniques without compromising on recovery time or recovery point objectives .
All of these things are now possible - right here and right now - using public cloud technologies . However ,
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