Q&A: Alfa on meeting rising regulatory demands on cloud resilience

Core Insights - The overall strategy of the company emphasizes resilience against potential cyber threats and operational disruptions, with a focus on evolving backup strategies to enhance incident preparedness [1][4] - Regulatory frameworks such as DORA and EBA/PRA are reshaping the operational resilience requirements for banks and lenders, mandating rigorous risk management and continuous monitoring of outsourced digital services [3][7] Group 1: Data Guardian and Backup Strategies - Data Guardian is a critical component of the company's strategy, designed to provide resilience against various foreseeable incidents, including cyber attacks and regional outages [1][4] - The company has implemented a triple shield data protection strategy, which includes immutable retention policies to manage data optimally and reduce compliance risks [9][10] - The architecture of Data Guardian supports multi-cloud and multi-region deployments, allowing clients to meet data residency requirements while benefiting from the SaaS platform [8][12] Group 2: Regulatory Compliance and Risk Management - Compliance with evolving regulations such as GDPR, DORA, and EBA/PRA is essential for financial professionals, necessitating transparency and rigorous verification of outsourced suppliers [3][7] - The company emphasizes the importance of providing customers with Software Bill of Materials (SBOM) and vulnerability information to enhance understanding of the software supply chain [15] - Regular scenario-based resilience testing and direct supervisory oversight for critical providers are mandated under the new regulatory guidelines to ensure business continuity [3][12] Group 3: Security and Integration - The company employs a security-first approach in developing new features, focusing on authentication, authorization, and zero-trust techniques to protect data [10][11] - Integration with existing data architectures is facilitated through REST APIs and streaming technologies, ensuring secure yet transparent access to data [11][12] - The partnership with AWS is leveraged to enhance the security and scalability of the platform while maintaining flexibility in deployment options [12][16]