{"id":16395,"date":"2021-09-02T19:35:11","date_gmt":"2021-09-02T14:05:11","guid":{"rendered":"https:\/\/cigniti.com\/blog\/?p=16395"},"modified":"2021-09-02T19:35:11","modified_gmt":"2021-09-02T14:05:11","slug":"cloud-migration-assurance-financial-services","status":"publish","type":"post","link":"https:\/\/www.cigniti.com\/blog\/cloud-migration-assurance-financial-services\/","title":{"rendered":"The need for Cloud migration assurance in the financial services industry"},"content":{"rendered":"<p><span data-contrast=\"none\">When Cloud computing started making\u00a0inroads into the industry around 2010,\u00a0financial services firms were\u00a0skeptical\u00a0about\u00a0moving their applications to the\u00a0Cloud. The common reasons cited were regulatory restrictions, security concerns,\u00a0and loss of control etc. However, in 2021,\u00a0the\u00a0Cloud has become an integral part of the digital strategy of all\u00a0financial services organizations. One Forbes study states that\u00a0about\u00a083%\u00a0of\u00a0enterprise workloads are on\u00a0the\u00a0Cloud by 2020 and\u00a0will reach\u00a095% by 2022. Even regulators like\u00a0the\u00a0Financial Industry Regulatory Authority (FINRA) have\u00a0moved 90% of\u00a0their\u00a0data to the\u00a0Cloud to capture, analyze and store a daily influx of 75 billion records. There is no better endorsement of\u00a0the\u00a0Cloud than a regulator moving their data to the\u00a0Cloud. We now have financial institutions born on the\u00a0Cloud and remain fully digital in\u00a0their\u00a0operations.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">While\u00a0the\u00a0Cloud has become an integral part of the digital strategy of all financial institutions, many older institutions have\u00a0legacy\u00a0investments in applications that are hosted within their data\u00a0centers. So, redoing their applications on the\u00a0Cloud\u00a0will be\u00a0an expensive change and one that\u00a0could be deemed\u00a0unnecessary as well. Here is where migration of existing applications to the\u00a0Cloud becomes an attractive proposition. Migration of applications to the\u00a0Cloud provides an excellent\u00a0middle road for institutions to become\u00a0Cloud-enabled at lower transition costs. This method,\u00a0often called\u00a0the Hybrid cloud strategy, also helps them test the waters and adopt a progressive cloud movement plan rather than having\u00a0a big bang approach.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><b><span data-contrast=\"none\">How does\u00a0a\u00a0hybrid cloud strategy benefit\u00a0financial institutions?<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">Financial institutions\u00a0are moving\u00a0to a\u00a0hybrid cloud, enabling\u00a0them to support\u00a0a\u00a0new generation of banking services without losing their\u00a0&#8220;community&#8221;\u00a0centered\u00a0relationship-based model. The common drivers of benefits are<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<ul>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"4\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"none\">The ability to plug into emerging financial services ecosystems,\u00a0e.g. Trade finance platforms like\u00a0Marcopolo\u00a0and\u00a0Voltran,\u00a0have emerged as a fast-growing ecosystem that traditional banks need to plug into\u00a0to participate\u00a0in the future of business.<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"4\" aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"none\">Reduced time to market for rolling out new services or applications and mobile apps,\u00a0e.g. Google Pay,\u00a0has started to\u00a0push smaller banks&#8217; time deposits as a threat to large,\u00a0established banks. Such moves need fast counters\u00a0or,\u00a0better yet, proactive measures from existing banks.<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"4\" aria-setsize=\"-1\" data-aria-posinset=\"3\" data-aria-level=\"1\"><span data-contrast=\"none\">Foster innovation using data and analytics<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span>\n<ul>\n<li><span data-contrast=\"none\">Low-cost storage and computing\u00a0enable\u00a0institutions to analyze large volumes of data to generate business intelligence.<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<\/ul>\n<\/li>\n<li><span data-contrast=\"none\">Low-cost storage and computing\u00a0enable\u00a0institutions to analyze large volumes of data to generate business intelligence.<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"4\" aria-setsize=\"-1\" data-aria-posinset=\"4\" data-aria-level=\"1\"><span data-contrast=\"none\">Conversion of fixed-cost Capex into service-based\u00a0Opex<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"4\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"none\">Enable on-demand services for end customers by exposing cloud-based APIs etc.<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span>\n<ul>\n<li><span data-contrast=\"none\">These\u00a0API based services help financial institutions quickly partner with last-mile\u00a0Fintechs\u00a0and Reg Techs to fight challenges from Big Tech companies foraying into financial services.<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"4\" aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"none\">Enterprise synchronization of\u00a0the\u00a0platform shared data among teams. This translates into better decision making and optimization of resources.<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"4\" aria-setsize=\"-1\" data-aria-posinset=\"3\" data-aria-level=\"1\"><span data-contrast=\"none\">Increased agility and scalability of the computing resources required for handling business changes<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span>\n<ul>\n<li><span data-contrast=\"none\">Coinbase\u00a0has\u00a0deployed its bitcoin exchange on the Cloud to\u00a0provide\u00a0its bitcoin wallet and exchange services.<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><b><span data-contrast=\"none\">What are the challenges faced by organizations migrating to the\u00a0Cloud?<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">While\u00a0cloud enablement is a worthy goal, it can also be a laborious and risky process for many traditional financial institutions. The common challenges faced are:<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<ul>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"none\">Decision on the right cloud provider<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"none\">Decision on what applications to be moved to the\u00a0Cloud and what should be the priority of movements<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" aria-setsize=\"-1\" data-aria-posinset=\"3\" data-aria-level=\"1\"><span data-contrast=\"none\">Maintain or better\u00a0existing performance and reliability of the applications<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"none\">Many of the applications in the landscape could be third-party products which will need the product company to help the institution\u00a0with\u00a0the migration<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span>\n<ul>\n<li data-leveltext=\"o\" data-font=\"Courier New\" data-listid=\"1\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"2\"><span data-contrast=\"none\">Cloud migration will involve co-ordination across multiple organizations<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"o\" data-font=\"Courier New\" data-listid=\"1\" aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"2\"><span data-contrast=\"none\">Cost overruns due to these complexities<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"none\">Implementing suitable security and controls without compromising on any of these standards<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" aria-setsize=\"-1\" data-aria-posinset=\"3\" data-aria-level=\"1\"><span data-contrast=\"none\">Ensuring zero disruption to existing process and release cycles<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"none\">Testing and\u00a0ensuring all the applications are working as before<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><span data-contrast=\"none\">As\u00a0one\u00a0can understand by now, cloud migration is not necessarily a customer-driven change. It is more\u00a0of\u00a0an internal organizational driven change. So, if the time and money spent on this change take away the focus of the leadership from the customer, the institution will have a\u00a0considerable price to pay.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><b><span data-contrast=\"none\">How does\u00a0a\u00a0financial institution do the much-needed cloud migration yet not be distracted from its core business?<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">\u00a0A\u00a0valuable\u00a0solution to the above is to engage IT\u00a0service partners\u00a0with\u00a0fast and reliable cloud migration solutions. A comprehensive migration service will ensure the below outcomes:<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<ul>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"none\">Optimization of costs\u00a0based on\u00a0rightsizing\u00a0of computing resources and infrastructure<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"none\">Modernization of the infrastructure for greater security<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"none\">Ease of accessibility<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" aria-setsize=\"-1\" data-aria-posinset=\"3\" data-aria-level=\"1\"><span data-contrast=\"none\">Leverage newer technologies to modernize the architecture of legal applications<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" aria-setsize=\"-1\" data-aria-posinset=\"4\" data-aria-level=\"1\"><span data-contrast=\"none\">Faultless disaster recovery and business continuity<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><span data-contrast=\"none\">A comprehensive\u00a0<\/span><a href=\"https:\/\/www.cigniti.com\/blog\/quality-assurance-era-cloud\/\"><span data-contrast=\"none\">cloud migration assurance strategy<\/span><\/a><span data-contrast=\"none\">\u00a0covering infrastructure, applications, and data is essential to ensure the outcomes listed above.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><b><span data-contrast=\"none\">What are the common attributes of a comprehensive Cloud migration assurance strategy?<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><b><span data-contrast=\"none\">Infrastructure assurance<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<ul>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"3\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"none\">Validating the integrations for the\u00a0correct configuration settings<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span>\n<ul>\n<li data-leveltext=\"o\" data-font=\"Courier New\" data-listid=\"3\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"2\"><span data-contrast=\"none\">A Forbes study says that 80% of cloud breaches are due to customer misconfiguration or mismanaged credentials<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"3\" aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"none\">Testing the integrated environment for checkpoints of desired scalability, resiliency, and responsiveness<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"3\" aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"none\">Configuration testing around servers, storage, and databases<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"3\" aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"none\">Testing validation for multi-tenant applications<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><b><span data-contrast=\"none\">Application assurance<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<ul>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"3\" aria-setsize=\"-1\" data-aria-posinset=\"3\" data-aria-level=\"1\"><span data-contrast=\"auto\">Testing the functionalities along with the upgraded features\u202f<\/span><span data-contrast=\"none\">\u200b<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"3\" aria-setsize=\"-1\" data-aria-posinset=\"4\" data-aria-level=\"1\"><span data-contrast=\"auto\">Ensuring validation of the end-to-end business workflows\u202f\u202f\u202f<\/span><span data-contrast=\"none\">\u200b<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"3\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">Ensuring\u00a0the\u00a0integration of applications\u00a0and business processes\u202fafter the successful migration<\/span><span data-contrast=\"none\">\u200b<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"3\" aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"auto\">Validating the regulatory and compliance requirements<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><b><span data-contrast=\"none\">Data Assurance<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<ul>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"3\" aria-setsize=\"-1\" data-aria-posinset=\"3\" data-aria-level=\"1\"><span data-contrast=\"auto\">Validating all database components<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"3\" aria-setsize=\"-1\" data-aria-posinset=\"4\" data-aria-level=\"1\"><span data-contrast=\"auto\">Testing the data flow as per the requirements\u200b<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"3\" aria-setsize=\"-1\" data-aria-posinset=\"4\" data-aria-level=\"1\"><span data-contrast=\"auto\">Testing of data security at rest, in use and during transit\u200b<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"3\" aria-setsize=\"-1\" data-aria-posinset=\"4\" data-aria-level=\"1\"><span data-contrast=\"auto\">Enforcing checkpoints for\u00a0the\u00a0sensitivity of the data towards stakeholders through\u202fdata privacy testing\u200b<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"3\" aria-setsize=\"-1\" data-aria-posinset=\"4\" data-aria-level=\"1\"><span data-contrast=\"auto\">Assessing security vulnerabilities<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><b><span data-contrast=\"auto\">Conclusion<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Cigniti&#8217;s Cloud Migration Assurance Services comprises pre-migration advisory, Migration assurance and post-migration validation. We have\u00a0the\u00a0Cloud Assurance Platform (CLAP) built on top of our AI-enabled quality engineering platform, BlueSwan, which will provide comprehensive testing services across the migration lifecycle.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">The Cigniti\u00a0BFSI\u00a0Practice &amp;\u00a0Centre of Excellence\u00a0comprises\u00a0domain experts with experience\u00a0across the various subdomains. Our\u00a0BFSI\u00a0Practice&#8217;s\u00a0dedicated FinTech\u00a0focused group\u00a0concentrates on testing complex real-time applications.\u00a0Our\u00a0resources are experienced in\u00a0Cloud migration,\u00a0QA and testing services of various\u00a0Banking, Insurance and Financial markets\u00a0applications, including\u00a0core banking systems, Life insurance, Annuities, Property &amp; Casualty, Exchange trading applications,\u00a0and risk management\u00a0back-office systems, and\u00a0various leading\u00a0third-party vendor applications.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Our Cloud assurance solution,\u00a0Independent testing services, early warning signals, and\u00a0deep BFSI domain\u00a0knowledge in understanding business processes and requirements across\u00a0the industry helps us\u00a0create value-added solutions.\u00a0Cigniti&#8217;s CLAP Platform,\u00a0automated\u00a0reusable test scripts, and\u00a0automated test approach are\u00a0our key\u00a0technical\u00a0differentiators.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Cigniti&#8217;s\u00a0<\/span><a href=\"https:\/\/www.cigniti.com\/services\/cloud-application-security-testing\/\"><span data-contrast=\"none\">Cloud Migration Assurance services<\/span><\/a><span data-contrast=\"auto\">\u00a0can help you get the\u00a0best out of your\u00a0Cloud transition.\u00a0Schedule a discussion with us to consult with our experienced team of cloud migration assurance experts.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>When Cloud computing started making\u00a0inroads into the industry around 2010,\u00a0financial services firms were\u00a0skeptical\u00a0about\u00a0moving their applications to the\u00a0Cloud. The common reasons cited were regulatory restrictions, security concerns,\u00a0and loss of control etc. However, in 2021,\u00a0the\u00a0Cloud has become an integral part of the digital strategy of all\u00a0financial services organizations. One Forbes study states that\u00a0about\u00a083%\u00a0of\u00a0enterprise workloads are on\u00a0the\u00a0Cloud by [&hellip;]<\/p>\n","protected":false},"author":53,"featured_media":16396,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[732],"tags":[565,3304,3791,3789,3786,3788,3787,3596,3595,129,3790,1087,3095],"ppma_author":[3771],"class_list":["post-16395","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bfsi-testing","tag-bfsi-testing","tag-cloud-app-testing","tag-cloud-application-testing-services","tag-cloud-migration-approach","tag-cloud-migration-assurance","tag-cloud-migration-methodology","tag-cloud-migration-solutions","tag-cloud-migration-strategy","tag-cloud-migration-testing","tag-cloud-testing-strategy","tag-enterprise-cloud-migration","tag-financial-application-testing","tag-software-testing-for-financial-services"],"authors":[{"term_id":3771,"user_id":53,"is_guest":0,"slug":"sathish-t","display_name":"Sathish Thiruvenkataswamy","avatar_url":{"url":"https:\/\/www.cigniti.com\/blog\/wp-content\/uploads\/Sathish.png","url2x":"https:\/\/www.cigniti.com\/blog\/wp-content\/uploads\/Sathish.png"},"user_url":"https:\/\/www.cigniti.com\/","last_name":"Thiruvenkataswamy","first_name":"Sathish","job_title":"","description":"<span data-contrast=\"auto\">Sathish has 20 years of experience in Consulting, fostering Innovation, managing Product Partnerships, Delivery Solutions and Program Management, focusing on the BFSI domain. <\/span><span data-contrast=\"auto\">Within Cigniti, Sathish is building a new age BFSI Practice &amp;\u00a0Centres\u00a0of Excellence that focuses on building deep domain competence and developing\u00a0solutions for the challenges faced by the industry.<\/span>"}],"_links":{"self":[{"href":"https:\/\/www.cigniti.com\/blog\/wp-json\/wp\/v2\/posts\/16395"}],"collection":[{"href":"https:\/\/www.cigniti.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cigniti.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cigniti.com\/blog\/wp-json\/wp\/v2\/users\/53"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cigniti.com\/blog\/wp-json\/wp\/v2\/comments?post=16395"}],"version-history":[{"count":0,"href":"https:\/\/www.cigniti.com\/blog\/wp-json\/wp\/v2\/posts\/16395\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.cigniti.com\/blog\/wp-json\/wp\/v2\/media\/16396"}],"wp:attachment":[{"href":"https:\/\/www.cigniti.com\/blog\/wp-json\/wp\/v2\/media?parent=16395"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cigniti.com\/blog\/wp-json\/wp\/v2\/categories?post=16395"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cigniti.com\/blog\/wp-json\/wp\/v2\/tags?post=16395"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.cigniti.com\/blog\/wp-json\/wp\/v2\/ppma_author?post=16395"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}