Cloud computing an opportunity for the banking sector

Analysts predict that in 2019, banks around the world will invest over $ 20 billion in cloud solutions. The implementation of cloud-based IT systems allows the financial sector to find a solution to many problems, such as rising IT costs or threats in the area of ​​cyber security.

Analysts predict that in 2019, banks around the world will invest over $ 20 billion in cloud solutions. The implementation of cloud-based IT systems allows the financial sector to find a solution to many problems, such as rising IT costs or threats in the area of ​​cyber security.

Polish banks also see this opportunity and are interested in cloud computing. Last year, the Association of Polish Banks carried out the “Theseus” experiment, which was to check the adequacy of cloud solutions to the needs of the financial sector. The study clearly proved that such a procedure is not only possible, but also financially and safely. The Polish Financial Supervision Authority is also beginning to look more favorably towards the cloud.

According to the NBP, in 2019 the amount of money in the cashless circulation will exceed the value of cash transactions. That is why 94 percent. bankers as the main threat indicates a burglary to the customer’s account. Building from scratch an infrastructure that provides a guarantee of nearly 100% security is associated with enormous financial outlays.

The cloud guarantees the highest level of security at a fraction of the cost of building infrastructure in the in-house model. Until now, no hacker has been able to break into a private cloud, i.e. one in which an entity using it is responsible for the infrastructure, and not an external provider like Amazon or Microsoft.

In the case of effective attacks on data contained in the cloud in 95 percent. Unbearable users are those who disregard security procedures such as caution in the event of phishing attacks, regular password changes or two-factor authentication.

Cloud service providers use AES 128 or 256 bit encryption, which in practice means that without access to the right key to decrypt data, reading them is impossible. In addition, unlike, for example, server collocation, data is stored in a dispersed space, so it is not known on which disk there is information potentially desired by criminals.

EU regulations play an important role in this sector. Currently, banks are obliged to comply with the EU Directive, Payment Services Directive II, which, among other things, obliges the banking sector to provide its data and API to trusted entities, including companies from the fintech sector.

This means an increase in competitive pressure from entities that can offer innovative financial services without having to bear the costs of security guarantees that lie with traditional banks. The cloud will allow banks to create a platform that will allow developers to create solutions based on the bank’s data at low cost, which will increase the profitability of its products.

Box Office USA: Popular Series Again Failed

top earnings movies

The black series of the continuation of the once-popular movies is in full swing. The “Men in Black: International” and “Shaft” joined “Godzilla II”, “Dark Phoenix” and “The Secret Life of Domestic Animals 2” this week. The cumulative weakness of the June prime minister meant that approximately 130 million dollars were left in cinemas. Since 1999, when for the first time during the 24th weekend the limit of 100 million dollars was exceeded, only three times the inflows were lower (in 1999, in 2000 and in 2003).

The number one was the show Sony “Men in Black: International”. But the studio has no reasons to be satisfied. The receipts after three days amount to only 28.5 million dollars. All three previous parts were scooped in over 50 million dollars. The fall is therefore dramatic.

Fortunately for the studio abroad, he saves this movie and eventually it may turn out that “Men in Black: International” will bring profits. It will be possible thanks to the sharp cutting of costs. The latest edition of the cycle cost $ 94 million (Sony claims that 110 million), while the third part over 220 million.

The second big premiere of the week is also disappointing. “Shaft” was supposed to attract African-American audiences to the cinemas. It did not happen. The image for good morning earned only 8.3 million dollars. It is difficult to even compare to the result of “Shaft” from 2000, although Samuel L. Jackson appeared in both. That film opened with USD 21.7 million, which after taking inflation into account gives USD 36.3 million.

Fortunately for the studio and in this case, the rest of the world saved the film. More specifically, Netflix, which bought international distribution rights for 22 million dollars. Given that the production budget was $ 35 million, Warner’s losses will be minimal, and with luck, the label may even make a profit.

The comedy “Late Night” went on a wide distribution, and once again it turned out that the fantastic results in the limited distribution (the second best average of cinema receipts this year) do not translate into ticket sales throughout the country. Amazon has traveled heavily in this movie. The Sundance Studio so much believed in the commercial potential of the title that it bought it for 13 million dollars and spent another 35 million on its promotion. Meanwhile, the first weekend in a wide distribution brought in receipts of 5.1 million dollars. It is already the third highest grossing film that premiered this year at Sundance. Amazon hoped, however, that “Late Night” will sell like “I love you so much”, which managed to earn 3.6 million dollars.

Top 10 of last released movies and their earnings in the first week.

Men in Black: International $28,5

The Secret Life of Pets 2 $23,8

Aladdin $16,7

X-Men: Dark Phoenix $9,0

Rocketman $8,8

Shaft $8,3

Godzilla II: King of the Monsters $8,1

John Wick 3 $6,1

Late Night $5,1

Ma $3,6