Page 19 - QDigitz
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Q!Digitz Vol 1 Aug 2019
Very common business goals would be like–
Auditing Cloud for cost savings. Would there be a considerable
infrastructure-related
in
the
reduction
Banking Domain capital expenditure of the banks?
Would it help bank by removing their
dependency on IT maintenance or hiring a
Authors–Anand Patel, Archita Ghadi, highly technical person and achieve scalable
Sonal Shah good performance?
In-depth assessment of the driving factors
We have heard of penetration of cloud in many that led to the decision of agreement to
sectors and keep on hearing of its ever-increasing Community Cloud could be a good starting
usage, its pros and cons. point.
The buy-in of the IT Steering Committee and
But we rarely hear about Cloud going hand in creation of the Cloud Policy Statement could
hand with the BFSI domain. The moment we hear provide a basis for further work.
of the BFSI and Cloud combination, our anxiety Has there been a formal vendor viability
reaches its peak. Common questions that come to assessment by the bank prior to being a
mind are “Will it be safe?”, “How the hell they are party to the community cloud?
to handle Data Privacy”, “Will sensitive data be
secured” and so on and so forth.
India is the rst country in the world to have a
“Banking Community Cloud”. IDRBT is a Research
and Development Institute established by RBI.
IDRBT in alliance with C-DAC has successfully
achieved this feat. IDRBT has deployed IaaS
services in this community cloud.
This paper majorly talks about what should be an
Auditor’s focus areas and challenges in auditing Regulatory Compliance and Needs - Banks need to
such a system. We will deal with all major comply with multiple national and international
concerns in depth in this paper, beginning from regulations while handling customer data. Many
goals and taking it ahead to technical details. banks need that the nancial details of the
customer must stay within the geographical
Business Goals–To begin with the Auditor needs to boundaries of the country.
verify what business goals have driven this
decision? And is the implementation aligned to
these goals.
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