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Going Beyond the Cloud to Modernize Your Banking Infrastructure

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View this presentation to learn about digital transformation in banking and how Cloudflare can help. You will learn about:

-Common challenges banks are facing when migrating to the cloud;
-How to integrate your existing on-premise infrastructure alongside public facing workloads;
-Why global load balancers are an essential part of any multi-cloud strategy;
-What banks can do to support faster innovation across your organization;
-What banks should be aware of regarding compliance and monitoring

Published in: Technology
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Going Beyond the Cloud to Modernize Your Banking Infrastructure

  1. 1. Going beyond the cloud to modernize your banking infrastructure Colin Murray, Solutions Engineer Derek Yee, Director of Product Marketing
  2. 2. Colin Murray Solutions Engineer Cloudflare Today’s speakers Derek Yee Director of Product Marketing Cloudflare
  3. 3. We are entirely focused on moving to the public cloud. Everything new we build new on AWS. We have been migrating legacy applications. Rob Alexander, CIO, Capital One
  4. 4. Forces of change in banking Customers Digital savvy, multi-channel customers Competition Smaller players are often more nimble and competitive Legacy apps Many banking applications are dated Automation The need for greater efficiency and agility
  5. 5. Modernizing architecture and infrastructure On Prem Hybrid Cloud Native Multi CloudPrivate Cloud Modern MicroservicesMonolithic Legacy Stacks
  6. 6. Flexibility Elasticity Scalability Reliability Agility Why Cloud?
  7. 7. Challenges of cloud migrations Integration How to work with existing systems, including legacy or on-prem. Complexity How to balance the benefits of an off the shelf solution with bespoke requirements. Security/compliance Security is ranked as IT’s top concern when it comes to the cloud. Business alignment IT and business need to work hand-in-hand to determine strategic goals.
  8. 8. We are building a Global Cloud Network where anything connected to the Internet faster, more secure, and more reliable.
  9. 9. Where Cloudflare sits in your network
  10. 10. Previous Generation Applications Network Edge Store and compute NOW Hardware / Software - Capital expenditures Services / Cloud - Operating expenses
  11. 11. 180Data centers globally 2.8BMonthly active visitors generating 1.4 trillion page view 8MRequests/second websites, apps & APIs in 150+ countries 16M+ 2x Speed up each request by Cloudflare’s Global Anycast Network 11
  12. 12. Customer: Large Global Bank The customer is a long established New York based financial institution with over $1.5 trillion of assets under management. CHALLENGES • Wanted to replace Akamai Prolexic. • Required DDoS and infrastructure protection • Spikes in DNS traffic that customer had not been aware of • Needed to pass bank’s IT architectural review board CLOUDFLARE SOLUTION • Started with DNS • Always-on, unmetered DDoS solution, no human intervention required • Application layer security
  13. 13. DNS performance and scale Global Anycast network • 180+ data centers • 75 countries (including China) • Over 1.5M queries per second Record propagation • Globally in seconds • P99 < 2 minutes
  14. 14. Deployment models DNS Primary DNS ● Records managed via API/Dashboard/Terraform ● DNSSEC Managed by Cloudflare Secondary DNS ● DNS Only ● Records managed via Zone Transfer (AXFR/IXFR) DNS Firewall ● DNS Only ● Records managed/signed at Origin server(s) ● Does not require NS change
  15. 15. Cloudflare Load Balancing Americas • Health checks with fast failover • Global and local load balancing American Consumers European Consumers Origin pool Asian Consumers Europe Origin pool Asia Origin pool Configuration made simple Easy configuration in the Cloudflare dashboard, or automation through a powerful API. DDoS resilient service Anycast network that is 10X bigger than the largest DDoS attack ever recorded ensures traffic continues to be routed even under stress. Global DNS network Health checks from each Cloudflare data center enables fast failover unbound by DNS propagation delays.
  16. 16. Security is everyone’s concern SECURITY Largest DDoS attack had 1.3 terabits/sec2 Brand Reputation 1 - Google study, 2 - Wired.com, 3- Forrester
  17. 17. Factors increasing exposure to security risks Greater scrutiny by government and media around data, privacy and security Greater attack surface area from more public APIs, moving to the cloud, and increasing third-party integrations Stronger and more sophisticated attackers
  18. 18. 18 Industry Legacy Scrubbing ● Long propagation times (up to 300 sec) ● Asynchronous routing ● Adds significant latency ● Typically requires manual intervention and regular testing (config drift) Always-On ● Zero propagation time ● Synchronous routing ● No added latency; ongoing perf. improvements ● Immediate, automated mitigation, with no “cutover” required Industry On-Demand vs. Cloudflare Always On
  19. 19. Cloudflare Security Summary 19 Cloudflare continues to out-innovate the market, driving growth in security-only deals The threat landscape is exploding with the growth in new platforms and devices; security solution use cases are expanding to meet them Cloud-based solutions reduce complexity, improve time to response and combine performance and security in a single, integrated offering Data-driven threat intelligence dynamically adapts our platform to meet the ever changing threat landscape
  20. 20. IDC MarketScape: WW DDoS Prevention Solutions IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of ICT suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. The Capabilities score measures vendor product, go-to-market and business execution in the short-term. The Strategy score measures alignment of vendor strategies with customer requirements in a 3-5-year timeframe. Vendor market share is represented by the size of the icons. Cloudflare is positioned as a Leader in the IDC MarketScape: Worldwide DDoS Prevention Solutions 2019 Assessment According to IDC, Cloudflare Strengths are its "unique architecture" and "rapid on-boarding process which is considered one of the easiest and fastest in the industry." Source: IDC MarketScape: Worldwide DDoS Prevention Solutions 2019 Vendor Assessment, by Martha Vazquez, March 2019, IDC #US43699318 Report Link: here
  21. 21. CDN Web optimization Mobile optimization WAN optimization Traffic monitoring Apps platform Serverless compute Cloudflare Services PERFORMANCE SECURITY RELIABILITY PLATFORM 21 DNS Anycast network Load balancing Always online Perimeter security WAFDDoS IoT security
  22. 22. Getting started with Cloudflare
  23. 23. Q&A

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