Managing the Regulatory Burden with the Cloud

UDT has experience working with regulations and privacy issues, as well as migrating organizations to the cloud.

Since the 2008 financial crash, the financial industry has seen many shifts in their institutions and from the federal government. Regulations such as the Dodd-Frank act have introduced new standards of control at banks, and the industry must be quick to adapt.

Some of the key numbers:

Major banks spend over $1 billion on compliance and controls
Regional banks spend between 5-30% of their operating costs on compliance

Because of these high costs, the financial institutions are looking to cut the cost, while still being mindful of these new regulations. One of the main ways to make this happen? Shift from an on-premise data center to the cloud.

Some of the benefits of the cloud:

Enables firms to have access to large volumes of storage
Greater computing power to analyze data
Respond quickly to changes in processes and regulation requirements
Cost-effective and easy way to upgrade applications

According to Guillermo Benites, Vice President of Financial Services at UDT (UDT), “From a compliance perspective, just enabling the industry to have all these options changes everything. These are incredible cloud reporting tools that can be used to present data in whatever format they want– whether that’s conforming to the Health Insurance Portability and Accountability Act (HIPAA), the General Data Protection Regulation (GDPR) or any of the other financial regulations. They offer something that’s so much more mature and developed than anything that was available before.”

UDT has experience working with regulations and privacy issues, as well as migrating organizations to the cloud.

Complete the form below to receive more information on regulations in the financial services industry. If you’re ready to begin, our cloud and security experts are only a phone call away at 1-833-438-8383!

Accomplish More With UDT

Get your custom solution in cybersecurity, lifecycle management, digital transformation and managed IT services. Connect with our team today.

More to explore

Optimizing Operations and Management for 1:1 Device Programs in K12 Schools

Discover how to optimize operations and management for 1:1 device programs in K12 schools. Understand the role of device management in enhancing educational experiences.

Guide – How to Optimize Your School District’s Year-End Budget

The end of the academic year is fast approaching. Many school districts have leftover budget available to reinvest elsewhere—but time is running out. Download the guide and make the most of your ‘use-it-or-lose-it’ funds.

2024 Will Test Cybersecurity Leaders: Is Your Company Ready?

Experts say new AI-driven threats and an election year will spell trouble for companies.

K12 Budgeting: Planning Your 1:1 Device Refresh Program Cost

As K12 education evolves, managing 1:1 device programs effectively is crucial. These programs, providing each student with a personal computing device, play a pivotal role in modern education. Success demands strategic planning, communication, foresight, and a holistic approach to device management. With digital learning on the rise, these devices are more than just tools for accessing information; they are platforms for interactive, core learning experiences. However, funding remains a significant hurdle, making effective budgeting for your device refresh program essential for optimizing ROI and device longevity.

Crafting a Futureproof 1:1 Device Strategy for School Districts

In the evolving landscape of Education Technology, crafting a futureproof 1:1 device strategy is crucial. This strategy should link every student, teacher, and administrator experience with specific device specifications. The integration of educational apps into the curriculum can significantly enhance the learning environment. These apps, tailored to the needs of students, can provide interactive content, fostering a dynamic learning experience.

Optimizing Your K12 Tech Investments: Funding 1:1 Device Programs

This blog will guide school districts grappling with the financial and resource demands of implementing a successful 1:1 device program amid ongoing challenges of budget constraints and competing priorities. Our guided workbook, created in partnership with Intel, provides further support with personalized roadmap on “Pathways to Innovation: Building a Sustainable Digital Learning Environment”.