Managed Private Cloud for Financial Services
Affordable, secure, fast & efficient.
“We see no fundamental reason why cloud services cannot be implemented, with appropriate consideration, in a manner that complies with our rules.”
FCA Guidance consultation 15/6 Proposed Guidance for firms outsourcing to the ‘cloud’ and other third party IT services.
If you are a financial services SME and fall under the FCA regulations, you’ll need to be sure that if considering outsourcing to the cloud, you choose the right company. Moving your services to the cloud is backed by the FCA. They recently launched ‘Project Innovate’ an initiative to promote innovation in financial services. When considering Managed Private Cloud for financial services, The FCA also said that:
“One of the main differences between the FCA and the FSA is that we have an objective to promote effective competition. Innovation can be a driver of effective competition, so we want to support innovation and ensure that regulation unlocks these benefits, rather than blocks them”
Part of the driving force behind the creation of the guidance was that stakeholders and firms were unsure about how the rules applied when outsourcing to the cloud, and this uncertainty may be acting as a barrier to forms using the cloud, stifling this innovation in financial services.
CCE has addressed the issues and considerations contained in the FCA guidance, and responded with a series of white papers outlining our response and service offering. You can download the white papers below for FREE. Of course, if care is not taken to choose the right provider and service, there are particular risks associated with cloud adoption. This ‘due diligence’ is a critical part of the FCA guidance, and requires that you undertake proper risk assessments in order to comply.
If you need more advice on how to identify the risks associated with choosing a cloud provider, call us today to arrange a meeting.
CCE managed Private Cloud. Compliant, efficient and UK based data.
Our Managed Private Cloud for SME service is based around 3 fully protected UK based data centres which allows our clients to obtain a secure and uninterrupted service, coupled with the firm knowledge that your data never leaves the UK. As well as greater security, supported by highly tolerant networks, the CCE Managed Private Cloud for SME offers an enhanced and more predictable service availability for your financial services company. We can provide you with:
- 100% security
- Remote backup
- Business continuity
- Disaster recovery
- Dynamic, cost saving cloud telephone system + VOICEMAIL
- Conferencing facilities replacing your current phone system