AWS Cloud Governance for Financial Services
AWS Cloud Governance for Financial Services is a framework to guide customers in establishing processes and selecting tools to manage and govern their AWS environment.
With this framework, customers can define requirements for security, cost, and ongoing oversight for their cloud journey; ensure processes are optimized and consistently followed; and implement solutions to measure cloud health at scale.
Case studies
National Australia Bank
National Australia Bank (NAB) automated elements of cloud governance to support the migration of hundreds of sensitive and regulated workloads to the cloud.
Monzo
A bank that “lives on your smartphone,” Monzo leveraged AWS services to enable security analysis, resource change tracking, and compliance auditing to grow from an idea to a fully regulated bank.
Millenium Management
Reinforcing the importance of balancing security and agility through automation, Millennium Management integrated provable security into their development process.
Use cases
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Define Requirements
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Deploy and Operate
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Measure and Assess
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Define Requirements
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Define Requirements
Cloud migration offers the opportunity to evolve your organization’s management and governance processes. You will benefit from proactively validating requirements and obligations to optimize for the cloud, including:
- Global Regulatory and Industry Expectations: Review the controls, processes, and documentation required to satisfy regulatory and industry expectations.
- Cloud Governance Structure: Review strategy, resourcing, and ongoing support for the management, control operation, and oversight of your enterprise’s cloud journey.
Related products and solutions
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Deploy and Operate
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Deploy and Operate
Formalizing an operating model for service assessments, cost allocation, and control design and operation is a critical element of cloud governance, and includes:
- Definition and Implementation of a Suite of Controls: Determine requirements to ensure controls align with risk appetite and optimize automation, while fostering innovation.
- Security and Compliance Automation: Manage security, risk, and compliance practices at scale by employing automation to enforce control requirements, and to help streamline governance activities across your company’s AWS accounts.
- Emphasis on Operations Management, including Monitoring: Confirm your AWS environment and applications have been architected to be secure, high-performing, resilient, and efficient.
Related products and solutions
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Measure and Assess
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Measure and Assess
It is important to continually monitor and assess the effectiveness of your cloud environment, applications, and infrastructure, including:
- Reporting and Metrics: Quantifying and communicating key cloud program elements will promote a common understanding across stakeholders.
- Cloud Financial Management: Cost transparency to monitor resource utilization and identify opportunities to optimize costs.
- Control Validation and Enhancement: Regularly assessing control coverage and effectiveness will foster an environment of continuous improvement.
Related products and solutions
Related content
- AWS Well-Architected Framework – Financial Services Industry Lens
- AWS Governance at Scale
- Build a Cloud Operating Model
- Governance in the Cloud and in the Digital Age: Part One
- Transform Your GRC Strategy to Get the Most Out of the Cloud
- Evolving GRC to Maximize Your Business Benefits from the Cloud
- How financial institutions can approve AWS services for highly confidential data
- Harness the power of control automation to reduce operational risk and improve compliance
- How to optimize assessment of cloud services
Benefits
Optimize governance, risk, and compliance practices
AWS enables customers to provision and operate a dynamic environment for business agility and governance control.
Scale securely and build with confidence, visibility, and control
With AWS, you control where your data is stored, who can access it, and what resources your organization is consuming at any given moment.
Employ continuous monitoring solutions
Verify operational performance, configuration settings, and access activity against established thresholds.
Compliance and Security
AWS understands the unique security, regulatory, and compliance obligations financial services institutions face on a global scale. From infrastructure to automation, financial services institutions have all the tools and resources they need to create a compliant and secure environment on AWS.
Innovation
Meaningful innovation thrives on AWS. See how companies leverage AWS to build new experiences, get more value from data, and modernize IT and processes.