European Journal of Computer Science and Information Technology (EJCSIT)

EA Journals

cost management

High Stakes, High Performance: Applying Multi-Cloud Architecture & FinOps in Financial Services (Published)

The financial services industry operates under stringent regulatory requirements and demands for high performance and reliability. This article explores how multi-cloud architectures and FinOps can meet these challenges, providing a competitive edge. Financial institutions can strategically use multiple cloud providers to ensure data sovereignty, enhance security, and improve disaster recovery capabilities. FinOps enables precise cost management and optimization, which is crucial in an industry with tight margins. The article includes real-world examples from leading financial services firms, detailing how they have implemented multi-cloud strategies to achieve operational excellence and economic efficiency. It offers valuable insights for IT leaders in finance looking to modernize their infrastructure.

Keywords: Financial Services, cloud optimization, cost management, multi-cloud architecture, regulatory compliance

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