PodChats for FutureCIO: Cloud considerations for capital market firms in Asia

According to Accenture, prior to the world awakening to the threat of the COVID-19 pandemic, capital market firms were in a steady but slow progression towards the cloud.Then almost overnight, the industry turned on its head as firms rushes to mandate remote work and in the process scramble to make internal and external services available on the cloud.The scalability, resiliency, flexibility, and accessibility of public cloud services became more attractive as firms sought to manage uncertainty. But while public cloud services have their appeal, many in the capital markets also realized that a hybrid cloud approach offered a safer, less disruptive alternative.In this episode of PodChats for FutureCIO, we speak to Tara Winters, head of Global Managed Services at FIS, to speak to us on the topic of cloud considerations for capital market firms in Asia.I’d like to cover our topic with you but looking at it from several lenses: business, innovation, regulation, platforms, security and finally outlook for 2022.1.       BUSINESS: Despite the current regulatory and economic environments, we are seeing an active capital markets, including M&A. What is spurring these activities?2.       INNOVATION: Do you see RegTech as meeting most of the compliance requirements of capital markets firms in Asia, including more recent amendments by local regulators?3.       REGULATION: What areas of financial regulation (in Asia) have changed because of the pandemic?a.       Are these changes influencing adoption of cloud and cloud-based manage services? 4.       PLATFORMS: With regards to cloud use among capital market firms, what are the primary holdbacks preventing leadership from moving forward?5.       SECURITY: Given the recent high level ransomware attacks, what conditions must CIO/CISOs at capital market firms address for business and compliance heads to be open to cloud-based strategies?6.       OUTLOOK: How do you see business and technology leaders at capital market firms in Asia continuing to address the uncertainties of the current environment as they strive for resilience and growth?