5 Ways Thrive Helps the Financial Industry Shine in the Cloud

All eyes are on the Cloud in the financial industry as adoption is on the rise, with 83% of financial services companies using the public Cloud in some form. The forecast is calling for more Cloud activity in the near future, with 91% of banking and finance companies stating they either currently use Cloud services or plan to in the next 6 to 9 months, according to a Cloud Security Alliance report.

The Cloud is helping financial and banking companies reduce costs, drive innovation, improve security and improve the customer experience. But that’s not all. The rolling thunder of the booming Cloud movement has resulted in companies, like Thrive, redefining the industry with an out-of-the-box approach to optimizing and securing tech infrastructure to meet company and consumer demand.

However, the sun doesn’t always shine in the Cloud. Financial services companies are prime targets for cyber attackers. Ransomware, threats and vulnerabilities are on the rise, which requires a secure, compliant and strategic game plan to take their business to new altitudes with trusted partners.

The Cloud era promises greater business agility, scalability, and responsiveness, but one size does not fit all when it comes to choosing a Cloud platform that best meets your business and financial objectives.

In financial services, performance, cost, security and regulatory demands drive decisions for where financial applications and data should reside. This often leads to some confusion around how financial regulatory frameworks apply to Cloud services and whose responsibility it is to meet those requirements. This is where Thrive shines. We design, build and support the ideal Cloud solution that meets your business needs and budget.

Take your financial services business Cloud services to new heights with Thrive.

1. Improve Security & Resiliency

Security is top of mind for financial services firms. That’s why Thrive delivers best-in-class security platforms to provide a multi-layer defense to protect data and end users from advanced threats. A fully redundant and resilient Cloud architecture by Thrive ensures your financial business operates at the highest levels of availability and performance. Thrive Cybersecurity solutions are secured by NextGen Unified Threat Management Firewall platforms, SOC/ SIEM and Distributed Denial of Service (DDoS) detection and mitigation. Thrive puts financial services companies at ease by continuously monitoring and auto-remediating access risks.

2. Enhance Compliance

Financial institutions are bound by stringent compliance and regulatory standards while operating their Cloud infrastructure and configuration. System and regulatory requirements demand that organizations log, monitor, analyze and report on their data as it passes through a complex network of IT infrastructure and applications. To ensure security and mitigate risk, as well as meet regulatory requirements, financial services organizations need a comprehensive Security Incident and Event Management (SIEM) solution. That’s why Thrive has developed SIEM-as-a-Service (SIEMaaS) that scales with budgets, can flexibly meet changing demands, and provides clear and actionable information.

Our Cloud engineering team has the ability to design, build, and support the Cloud solution that best meets the needs and regulatory requirements of your specific business. Thrive serves as a comprehensive tool to monitor and manage regulatory compliance with SEC, FINRA, SIPC, MSRB and NFA. Thrive’s private Cloud platform also delivers Enterprise-grade service from multiple SSAE 16 SOC 2 data centers.

3. Control Costs

We understand the uncertainty and costly infrastructure needed to keep financial services companies competitive and secure in the Cloud. Our team of experts eliminates the ambiguity and surprises around hardware, software and maintenance expenses. Thrive streamlines operating budgets, avoids expensive and cumbersome maintenance and supports renewal agreements. For example, Thrive ensures teams are using the right services without overlap, consistently tracks and right-sizes your cloud resources, avoids costly data breaches, implements productivity tools and customizes invoicing to eliminate unnecessary expenses.

4. Reduce IT Strain

Remote work and digital transformation have spiked the need for Cloud security professionals. However, financial companies are struggling to fill the demand for experienced and Cloud-proficient employees that can build, maintain, innovate and secure Cloud environments. The lack of available talent puts security at risk with inexperienced people overseeing Cloud security and handling threats and vulnerabilities. Solve your talent gap challenge by tapping into Thrive’s team of Cloud and security experts, trusted by top financial organizations, including large hedge funds, financial services companies and regional banks.

5. Gain More Flexibility and Visibility

Thrive’s NextGen Cloud services allow financial services companies to access applications seamlessly and securely from anywhere. Organizations can easily add or remove resources as their business requirements change. With Thrive’s multiple Cloud platforms, financial customers can optimize performance and cost – all managed by Thrive’s expert team of Cloud engineers.

As organizations deploy multi-Cloud infrastructure, gaining governance over all components becomes even more challenging. Thrive delivers a comprehensive Cloud security solution with the required visibility for all of your Cloud operations, compliance and workflow into one single pane.

Click here to contact the Thrive team today to solve and manage the customized Cloud needs of your financial services organization.