The National Bank of Georgia presented a guide on financial outsourcing: strengthening operations and protecting against cyber threats

Cloud outsourcing operations are becoming increasingly relevant to financial institutions, and in this regard, the National Bank of Georgia has developed a special guide for microbanks and commercial banks to ensure reliability and cybersecurity in this area.

Cloud outsourcing is the process of outsourcing specialized cloud products and services, as well as their deployment and maintenance, to other specialized outsourcing companies. This approach allows financial institutions to focus on their core business and leave the care of technical infrastructure and security to professionals.

The guidance provided by the National Bank is an important tool for financial institutions. It helps them develop appropriate processes and mechanisms to ensure the reliability of operations and protection against cyber threats. The guide is based on international standards and recommendations developed by recognized organizations in the field.

One of the key aspects of the guide is a strategic approach to cloud outsourcing. It suggests assessing the need for such use in terms of the organization's strategic goals and risks, as well as ensuring the security of the services provided and having an exit strategy from cloud outsourcing.

The National Bank of Georgia is open for cooperation and is ready to share the developed guidelines with interested parties. This document will be a useful tool for banks seeking to improve the efficiency and security of their operations, as well as reduce risks in financial outsourcing.

An interesting fact: The use of cloud technology in the financial sector not only simplifies the work of organizations, but also contributes to their environmental sustainability. Replacing physical servers with cloud infrastructure reduces energy consumption and carbon footprint, contributing to a greener future.