Whether fintech, finance cloud or AI in the financial sector – no digitalization without regulation
One of the biggest challenges in the financial sector is the high level of regulation, including documentation requirements. The digitalization of processes offers enormous potential to meet the increasing requirements. Many compliance issues can be significantly simplified through technology – e.g. in the area of regulatory reporting relating to ESG.
Digitalization itself is subject to strict regulation. With the Digital Operational Resilience Act (DORA) and NIS2, further regulations have been defined to strengthen the financial sector’s resilience to IT disruptions.
The Finance Cloud from STACKIT – audit-proof technology for financial services
A cloud for the financial sector must be maximally available, highly secure and compliant with the applicable regulations. The digitally sovereign STACKIT Cloud from Europe forms this basis. This creates the basis for innovative technologies that offer almost unlimited possibilities.
ServiceNow on STACKIT
With ServiceNow on the sovereign STACKIT Cloud, all business processes can be intelligently automated – whether it’s reporting, customer processes or documentation. By using AI, including AI agents, analog processes can not only be mapped digitally, but also as smart workflows – this goes far beyond mere automation.
RISE with SAP on STACKIT
As part of the cloud transformation in the digital sector, together with SAP we offer a sovereign environment for cloud-based services. This allows regulated industries and companies in particular to enjoy the benefits of SAP’s established services outside of on-premises environments without having to compromise on data security.
Workspace by STACKIT
Our partnership with Google allows us to make the entire Google Workspace Suite sovereign through extensive security measures and to prevent data loss, even if Google services are suspended in Europe. This makes us the only European provider to offer a sovereign alternative to the well-known Office Suites.
STACKIT Data Platform
The sovereign STACKIT Data Platform offers a comprehensive data lakehouse and thus combines the advantages of a data lake with the performance of a data warehouse – the ideal combination for data-intensive industries that are faced with high complexity and dynamics and obtain data from different sources.
Services for the financial sector
Our partners in the financial sector
FAQs Cloud solutions Financial services
What is a financial cloud?
A financial cloud is a secure IT infrastructure that has been specially developed for the financial sector. It offers the flexibility and scalability of the cloud while meeting the strict regulatory requirements and security standards of the financial industry. It enables financial companies to accelerate innovation, reduce costs and improve the customer experience.
What are the advantages of a financial cloud?
A financial cloud offers numerous advantages, including increased security and compliance through specialized security measures and compliance with industry-specific regulations. It also enables greater scalability and flexibility to respond quickly to changing business requirements. Automation and improved data analysis can reduce costs and optimize decision-making. Ultimately, the Financial Cloud promotes innovation and allows financial institutions to focus on their core business.
What features should a financial cloud platform have?
When selecting a financial cloud platform, you should pay attention to the following characteristics: Security (data encryption, access controls, compliance), scalability (adaptability to growing data volumes and user numbers), reliability (high availability and disaster recovery), integration (with existing systems and data sources), cost (transparency and predictability) and compliance (adherence to industry-specific). Also pay attention to support and documentation to ensure smooth implementation and use.
How does the Financial Cloud ensure data security and compliance?
The Financial Cloud relies on a multi-layered security model that includes state-of-the-art encryption, strict access controls and continuous monitoring.
Is the cloud secure enough for financial companies?
Financial companies have special security requirements. Cloud providers invest heavily in security and often offer more advanced protection mechanisms than many companies could set up themselves. Nevertheless, a comprehensive risk assessment and a clearly defined security concept on the part of the financial company are essential.
Do you have questions or would you like to realize a cloud project with us?
“I have extensive experience in supporting regulated customers with the introduction and optimization of cloud solutions. I am familiar with the specific requirements of this industry and can support you as a competent contact person. I will be happy to discuss your individual cloud needs and support you on your journey to the cloud.”
Frank Jüngst
STACKIT Client Growth Officer BFSI