Financial industry or more broadly, FSI (Finance – Securities – Insurance) is an industry that requires very high data security and safety as well as system stability. Business data of FSI industry is very important because this is the personal information of customers, transaction information, financial data … In developed countries, the loss or disclosure of human data Used in this industry will often punish, great compensation. In some countries, fines can be imposed up to millions of dollars. Not only that affect the reputation of the brand is the biggest loss.

Data security – the key to the success of Fintech applications

With the development of the financial industry, especially when the IoT changes the behavior of consumers with the form of cashless payment, Fintechs appear quickly to accompany traditional banks. Fintech appeared, immediately accepted by the market by providing financial services using technology. Users only need a smart mobile device to borrow tens of millions of dong by providing some personal information through the Fintech application. Fintech’s IT systems simplify the transaction process, do not require complex procedures, operate entirely online with short transaction time and anytime, anywhere. But behind all the convenience, the system must be in the state of stability and highest security.

Traditional physical servers are gradually being replaced

Image of operational model of Digital Bank on public cloud

Financial units – Banking Vietnam is very agile. In a short time, they have made rapid changes when investing in online banking applications or cooperating with fintech units to develop digital banking to help reduce costs, add services, increase customer experience. and expand sales. The rapid expansion of transactions and customers has made the investment in traditional physical servers gradually removed from the minds of the tech world. The physical server no longer meets the strict standards of data security – safety. In particular, physical server can not meet the stability of up to 99.9%, not to mention 99.99%.

Public Cloud – The optimal digital conversion solution for FSI businesses

Businesses are now switching to Public Cloud – Renting cloud infrastructure of reputable Service Providers. Instead of investing in expensive hardware and software, outsourcing IT services, digital banks will need fewer employees, cutting investment and operating costs by up to 40% compared to traditional models. .

In terms of data management, information on the Public Cloud is protected safely because it is backed up so many times. Moreover, large cloud service providers often have a team of experienced security experts to ensure the server system is more secure, isolated from bad objects. FSI businesses can deploy 24/7 services and the best solutions without spending too much time and money. Accordingly, the speed of pushing products to the market to quickly gather customers, occupy market share and meet management requirements.

Currently, cloud computing technology has been able to guarantee stability up to 99.99%. Some major cloud service providers in the world such as AWS, Google, and Microsoft also commit to the stable rate of up to 99,999%.

Select CMC Cloud

Pursuing an open ecosystem model, CMC Telecom is currently the only unit in Vietnam that connects directly with Google Cloud, AWS (Amazon Web Services) and Microsoft. Accordingly, CMC Telecom customers in Vietnam can choose, directly experience the services of the world’s leading Cloud providers with the highest speed through Google Cloud Interconnect, Microsoft Express Route, and AWS Direct Connect.

In order to be accompanied by the above-mentioned Cloud giants, CMC must have a telecommunications infrastructure, Data Center and international standards experts. CMC Telecom’s neutral data center is the first DC in Vietnam to apply PCI DSS security standards. PCI DSS is a mandatory standard to help card issuers protect their data, prevent unauthorized access and will help businesses limit the risk and risk of information theft, especially enhancing Data protection work on the card. In 2019, CMC Telecom’s Data Center is nominated as one of the top 4 DCs in Asia at the prestigious TelecomAsia Awards 2019.

Currently, more than 3,000 large enterprises in Vietnam are using cloud services of CMC Telecom with high and stable data processing performance. CMC Cloud provides Gold 6130 Chip series with 2.2Ghz processing speed; provide 100% SSD hard drive read and write speeds up to 500MB / s and IOPS minimum 15,000. Moreover, the internet speed of each virtual server up to 500Mbps ensures that all transactions are always connected to the highest speed.

CMC Cloud provides a service that allows customers to choose location in Hanoi or Ho Chi Minh City so businesses can easily provide users nationwide and manage all Cloud Server resources on a single administration page. Best. In particular, the CMC Cloud service offers many highly configurable packages and varies by business type to meet the rigorous demands of FSI customers.

Source: http://cafef.vn/public-cloud-giup-hoat-dong-cua-nganh-tai-chinh-an-toan-va-on-dinh-hon-2019102112323303.chn?fbclid=IwAR3zbBCY_k_nv7XMTgNzxOD-SEfsl8siM4lmAu3aiWhcSH4HliA2SCGfDCc

(Google translate)