CloudMargin’s CTO, Filipe Rodriguez, shares his thoughts on why cloud solutions are a must-explore alternative for derivatives operations teams published recently in CIOReview Magazine. To read the entire article, click here.
In the field of derivative operations, CIOs and CTOs are rapidly discovering that cloud solutions are a must-explore alternative. The changing regulatory landscape has delivered extraordinary new challenges that chief technologists must help their firms manage, often without the safety nets of a higher budget or time. Every-day DerivOps processes, that previously were handled by simple Excel spreadsheets or complex on-premise proprietary or outsourced technology solutions, now face an exponential increase in volume, along with much higher stakes for errors. Well-designed cloud-based technologies may check all the boxes for solving these challenges:
- Compliant with new regulations; easily adaptable as these change
- Affordable; usually a fraction of the price of on-premise solutions
- Easy to maintain and upgrade
- Rapid to deploy
- Readily scalable (up or down)
- Offers a large set of automation tools
- Highly secure