Tag Archives: ahead

Supporting modern technology policy for the financial services industry – guidelines by the European Banking Authority | Transform

The financial services community has unprecedented opportunity ahead. With new technologies like cloud, AI and blockchain, firms are creating new customer experiences, managing risk more effectively, combating financial crime, and meeting critical operational objectives. Banks, insurers and other services providers are choosing digital innovation to address these opportunities at a time when competition is increasing from every angle – from traditional and non-traditional players alike.

At the same time, our experience is that lack of clarity in regulation can hinder adoption of these exciting technologies, as regulatory compliance remains fundamental to financial institutions using technology they trust.  Indeed, the common question I get from customers is: Will regulators let me use your technology, and have you built in the capabilities to help me meet my compliance obligations?

A portrait of Dave Dadoun, assistant general counsel for Microsoft.
Dave Dadoun.

With this in mind, we applaud the European Banking Authority’s (EBA) revised Guidelines on outsourcing arrangements which, in part, address the use of cloud computing. For several years now we have shared perspectives with regulators on how regulation can be modernized to address cloud computing without diminishing the security, privacy, transparency and compliance safeguards necessary in a native cloud or hybrid-cloud world. In fact, cloud computing can afford financial institutions greater risk assurance – particularly on key things like managing data, securing data, addressing cyber threats and maintaining resilience.

At the core of the revised guidelines are a set of flexible principles addressing cloud in financial services. Indeed, the EBA has been clear these “guidelines are subject to the principle of proportionality,” and should be “applied in a manner that is appropriate, taking into account, in particular, the institution’s or payment institution’s size … and the nature, scope and complexity of its activities.” In addition, the guidelines set out to harmonize approaches across jurisdictions, a big step forward for financial institutions to have predictability and consistency among regulators in Europe. We think the EBA took this smart move to support leading-edge innovation and responsible adoption, and prepare for more advanced technology like machine learning and AI going forward.

Given these guidelines reflect a modernized approach that transcends Europe, we have updated our global Financial Services Amendment for customers to reflect these key changes. We have also created a regulatory mapping document which shows how our cloud services and underlying contractual commitments map to these requirements in an EU Checklist. The EU Checklist is accessible on the Microsoft Service Trust Portal. In essence, Europe offers the benchmark in establishing rules to permit use of cloud for financial services and we are proud to align to such requirements.

Because this is such an important milestone for the financial sector, we wanted to share our point-of-view on a few key aspects of the guidelines, which may help firms accelerate technology transformation with the Microsoft cloud going forward:

  • Auditability: As cloud has become more prevalent, we think it is natural to extend audit rights to cloud vendors in circumstances that warrant it. We also think that audits are not a one-size-fits-all approach but adaptable based on use cases – particularly whether it involves running core banking systems in the cloud. Microsoft has provided innovations to help supervise and audit hyper-scale cloud, including:
  • Data localization: We are pleased there are no data localization requirements in the EBA guidance. Rather, customers must assess the legal, security and other risks where data is stored, as opposed to mandating data be stored strictly in Europe. We help customers manage and assess such risk by providing:
    • Contractual commitments to store data at rest in a specified region (including Europe).
    • Transparency where data is stored.
    • Full commitments to meet key privacy requirements, like the General Data Protection Regulation (GDPR).
    • Flow-through of such commitments to our subcontractors.
  • Subcontractors. The guidelines address subcontractors, particularly those that provide “critical or important” functions. Management, governance and oversight of Microsoft’s subcontractors is core to what we do.  Among other things:
    • Microsoft’s subcontractors are subject to a vetting process and must follow the same privacy and governance controls we ourselves implement to protect customer data.
    • We provide transparency about subcontractors who may have access to customer data and provide 180 days notification about any new subcontractors as well.
    • We provide customers termination rights should they conclude a subcontractor presents a material increase in risk to a critical or important function of their operations.
  • Core platforms: We welcome the EBA’s position providing clarity that core platforms may run in the cloud. What matters is governance, documenting protocols, the security and resiliency of such systems, and having appropriate oversight (and audit rights), and commitments to terminate an agreement, if and when that becomes necessary. These are all capabilities Microsoft offers to its customers and we now see movement among leading banks to put core systems into our cloud because of the benefits we provide.
  • Business Continuity and Exit Planning. Institutions must have business continuity plans and test them periodically for use of critical or important functions. Microsoft has supported our customers to meet this requirement, including providing a Modern Cloud Risk Assessment toolkit and, in addition, in the Service Trust Portal documentation on our service resilience architecture, our Enterprise Business Continuity Management team (EBCM), and a quarterly report detailing results from our recent EBCM testing. In addition, we have supported our customers in preparing exit planning documentation, and we work with industry bodies like the European Banking Federation towards further industry guidance for these new EBA requirements.
  • Concentration risk: The EBA addresses the need to assess whether concentration risk may exist due to potential systemic failures in use of cloud services (and other legacy infrastructure). However, this is balanced with understanding what the risks are of a single point of failure, and to balance those risks and trade-offs from existing legacy systems. In short, financial institutions should assess the resiliency and safeguards provided with our hyper-scale cloud services, which can offer a more robust approach than systems in place today. When making those assessments, financial institutions may decide to lean-in more with cloud as they transform their businesses going forward.

The EBA framework is a great step forward to help modernize regulation and take advantage of cloud computing. We look forward to participating in ongoing industry discussion, such as new guidance under consideration by the European Insurance and Occupational Pension Authority concerning use of cloud services, as well as assisting other regions and countries in their journey to creating more modern policy that both supports innovation while protecting the integrity of critical global infrastructure.

For more information on Microsoft in the financial services industry, please go here.

Top photo courtesy of the European Banking Authority.

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Author: Microsoft News Center

Microsoft announces investments to broaden opportunities for partners – Stories

Ahead of Microsoft Inspire, company shares how it is tuning partner investments for the cloud era, including updates to Teams, Dynamics 365, Azure

REDMOND, Wash. — July 11, 2019 — On Thursday, Microsoft Corp. announced new investments in technologies and programs designed to support its partner ecosystem. The investments are aimed at helping optimize Microsoft’s partner engagement for the cloud era.

“Customers and partners alike continue to move to the cloud and accelerate their digital transformation, leading us to new and different levels of partnership,” said Gavriella Schuster, corporate vice president of Microsoft’s One Commercial Partner group. “Our portfolio of programs, offers and resources for companies partnering with Microsoft is transforming to help them capitalize on this opportunity.”

The following are some highlights of the news announced today, with more details available here.

Investments in products and programs

  • Microsoft Teams extensions and adoption. Just two years after its launch, Teams now has 13 million daily active users and 19 million weekly active users. The company also announced new features in Microsoft Teams for every worker —including new ways to support healthcare organizations and firstline workers. Additional new partner integrations include support for contact centers, compliance recording and cloud solution providers.
  • Dynamics 365 updates. The company announced significant updates to the Dynamics 365 Nonprofit Accelerator and two new integrations for Dynamics 365 that address the automotive and financial services industries. In addition, the Business Applications ISV Connect program is generally available, with new development tools and guidance, marketplace resources, joint field engagement processes and go-to-market support.
  • Introducing Azure Lighthouse. Azure Lighthouse gives partners a single control plane to view and manage Azure at scale across all their customers. This provides a better managed Azure experience with higher automation and efficiency, resulting in greater visibility and security for customers. This marks the first time Microsoft has architected a solution at this scale, with partners and for partners.
  • Azure Migration Program. The new Azure Migration Program (AMP) helps customers accelerate their migration to Azure. AMP offers proactive advice and tools to help mitigate risks and address common issues associated with moving workloads to the cloud.

Broadening partner opportunity

Since the inception of Microsoft’s co-sell program 24 months ago, the program has seen $9.5 billion in annual contracted partner revenue. The investments announced this week are designed to build on that opportunity:

  • General availability of the Microsoft Security competency. This new competency allows partners to market their expertise and provides access to a range of benefits designed to enable business growth and profitability.
  • Five advanced specializations. These include Windows Server and SQL Server Migration to Microsoft Azure, Linux and Open Source Databases Migration to Microsoft Azure, Data Warehouse Migration to Microsoft Azure, Modernization of Web Applications in Microsoft Azure, and Kubernetes on Microsoft Azure.
  • New advancements in marketplace. Additional pricing models, a rewards program and a new route to market are rolling out in July for companies that publish transactable offers in Microsoft’s expanded commercial marketplace. The pricing models include monthly and annual SaaS billing, flexible, custom-metered billing options, standard contracts, and free SaaS trials that convert to paid engagements.

About Microsoft Inspire

Microsoft Inspire provides Microsoft’s partner community with access to key marketing and business strategies, leadership, and information regarding specific customer solutions designed to help partners succeed in the marketplace. Along with informative learning opportunities covering sales, marketing, services, and technology, Microsoft Inspire is an ideal setting for partners to garner valuable knowledge from their peers and from Microsoft. More information can be found at https://partner.microsoft.com/en-us/inspire.

About Microsoft

Microsoft (Nasdaq “MSFT” @microsoft) enables digital transformation for the era of an intelligent cloud and an intelligent edge. Its mission is to empower every person and every organization on the planet to achieve more.

For more information, press only:

Microsoft Media Relations, WE Communications, (425) 638-7777, [email protected]

Note to editors: For more information, news and perspectives from Microsoft, please visit the Microsoft News Center at http://news.microsoft.com. Web links, telephone numbers and titles were correct at time of publication but may have changed. For additional assistance, journalists and analysts may contact Microsoft’s Rapid Response Team or other appropriate contacts listed at http://news.microsoft.com/microsoft-public-relations-contacts.

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Author: Microsoft News Center

Wanted – Good spec and condition Chromebook

Thanks buddy. crazy how time is flying so not long to go now. She’s given me the go ahead to sell her mint laptop as well which I’m about to advertise here which still has 1.5yr on-site warranty.

The Chromebook is a 16GB Internal I believe. It’s a beautiful machine. I can do it for £230 delivered and that is mainly because it’s in brand new condition. I cannot see a single hairline scratch on it or thumbprint. My wife and eye have serious OCD when it comes to keeping our tech in the best condition. Me being in IT, I’m always using Antec spray to clean my devices.

I appreciate the price may be out of your budget but just wanted to see if anyone would want it at this price. I’ll upload some pics for you now and any marks that come up, please ignore as it’s most likely my shadows,lol

Wanted – Good spec and condition Chromebook

Thanks buddy. crazy how time is flying so not long to go now. She’s given me the go ahead to sell her mint laptop as well which I’m about to advertise here which still has 1.5yr on-site warranty.

The Chromebook is a 16GB Internal I believe. It’s a beautiful machine. I can do it for £230 delivered and that is mainly because it’s in brand new condition. I cannot see a single hairline scratch on it or thumbprint. My wife and eye have serious OCD when it comes to keeping our tech in the best condition. Me being in IT, I’m always using Antec spray to clean my devices.

I appreciate the price may be out of your budget but just wanted to see if anyone would want it at this price. I’ll upload some pics for you now and any marks that come up, please ignore as it’s most likely my shadows,lol

Wanted – Good spec and condition Chromebook

Thanks buddy. crazy how time is flying so not long to go now. She’s given me the go ahead to sell her mint laptop as well which I’m about to advertise here which still has 1.5yr on-site warranty.

The Chromebook is a 16GB Internal I believe. It’s a beautiful machine. I can do it for £230 delivered and that is mainly because it’s in brand new condition. I cannot see a single hairline scratch on it or thumbprint. My wife and eye have serious OCD when it comes to keeping our tech in the best condition. Me being in IT, I’m always using Antec spray to clean my devices.

I appreciate the price may be out of your budget but just wanted to see if anyone would want it at this price. I’ll upload some pics for you now and any marks that come up, please ignore as it’s most likely my shadows,lol

Wanted – Good spec and condition Chromebook

Thanks buddy. crazy how time is flying so not long to go now. She’s given me the go ahead to sell her mint laptop as well which I’m about to advertise here which still has 1.5yr on-site warranty.

The Chromebook is a 16GB Internal I believe. It’s a beautiful machine. I can do it for £230 delivered and that is mainly because it’s in brand new condition. I cannot see a single hairline scratch on it or thumbprint. My wife and eye have serious OCD when it comes to keeping our tech in the best condition. Me being in IT, I’m always using Antec spray to clean my devices.

I appreciate the price may be out of your budget but just wanted to see if anyone would want it at this price. I’ll upload some pics for you now and any marks that come up, please ignore as it’s most likely my shadows,lol

Wanted – Good spec and condition Chromebook

Thanks buddy. crazy how time is flying so not long to go now. She’s given me the go ahead to sell her mint laptop as well which I’m about to advertise here which still has 1.5yr on-site warranty.

The Chromebook is a 16GB Internal I believe. It’s a beautiful machine. I can do it for £230 delivered and that is mainly because it’s in brand new condition. I cannot see a single hairline scratch on it or thumbprint. My wife and eye have serious OCD when it comes to keeping our tech in the best condition. Me being in IT, I’m always using Antec spray to clean my devices.

I appreciate the price may be out of your budget but just wanted to see if anyone would want it at this price. I’ll upload some pics for you now and any marks that come up, please ignore as it’s most likely my shadows,lol

Wanted – Good spec and condition Chromebook

Thanks buddy. crazy how time is flying so not long to go now. She’s given me the go ahead to sell her mint laptop as well which I’m about to advertise here which still has 1.5yr on-site warranty.

The Chromebook is a 16GB Internal I believe. It’s a beautiful machine. I can do it for £230 delivered and that is mainly because it’s in brand new condition. I cannot see a single hairline scratch on it or thumbprint. My wife and eye have serious OCD when it comes to keeping our tech in the best condition. Me being in IT, I’m always using Antec spray to clean my devices.

I appreciate the price may be out of your budget but just wanted to see if anyone would want it at this price. I’ll upload some pics for you now and any marks that come up, please ignore as it’s most likely my shadows,lol

Wanted – Good spec and condition Chromebook

Thanks buddy. crazy how time is flying so not long to go now. She’s given me the go ahead to sell her mint laptop as well which I’m about to advertise here which still has 1.5yr on-site warranty.

The Chromebook is a 16GB Internal I believe. It’s a beautiful machine. I can do it for £230 delivered and that is mainly because it’s in brand new condition. I cannot see a single hairline scratch on it or thumbprint. My wife and eye have serious OCD when it comes to keeping our tech in the best condition. Me being in IT, I’m always using Antec spray to clean my devices.

I appreciate the price may be out of your budget but just wanted to see if anyone would want it at this price. I’ll upload some pics for you now and any marks that come up, please ignore as it’s most likely my shadows,lol

Wanted – Dell XPS 13 9360

Hi
I did consider what you had posted, however I too had spent some time looking into what would be a suitable laptop for my son who is going into 6th next month. I was disappointed when the thread was achieved as I was going to put an offer in as well.

Sean had a FS thread for a couple of screens, one of which I was interested in, I asked if he would in interested in a deal for both the screen and the laptop only to find out the screen had been sold off forum, I pointed Sean in the direction on my wanted thread should he change his mind.

The rest can be seen above, the laptop has been paid for, Sean should have put Windows 10 back on and posted today for delivery tomorrow.

I wish you luck in your hunt, perhaps a wanted thread may help, there is another XPS here for sale.