SBP Pushes Hybrid Cloud for Digital Financial System Advancement

The State Bank of Pakistan (SBP) is actively expanding cloud infrastructure to accelerate the digitalization of the country's financial system. SBP Additional Director Ahmed Saeed noted that digitalization is impossible without robust cloud infrastructure, with the SBP's framework already advising banks to use private cloud within Pakistan. While a hybrid cloud model is seen as ideal for Pakistan's current needs, offering better data control, it also presents performance and security challenges. This strategic move aims to enhance the financial system's efficiency and resilience, contributing to long-term economic stability rather than immediate shifts in gold or currency rates.

بحوالہ / Source: www.brecorder.com