Central banks are turning to cloud technology in an effort to prioritise scalability, process efficiency, risk management, data security and public policy goals by accelerating digital transformation.
Major breakthroughs in the cloud and encryption capabilities now see many central banks leveraging different approaches to support new product offerings and maximise interoperability with bank systems internationally.
Julien Casulleras, deputy head, IT projects for monetary policy, market operations and payment systems, and Sébastien Claude, internal cloud product owner at Banque de France, joined OMFIF to discuss the bank’s digitalisation objectives, data sovereignty and cloud strategy. They examined the benefits that cloud offers in comparison with on-premises architecture in a world rife with sophisticated cyberthreats and use cases, including resilient central bank digital currencies.
Speaker:
Julien Casulleras, Deputy Head, IT Projects for Monetary Policy, Market Operations and Payment Systems, Banque de France
Sébastien Claude, Internal Cloud Product Owner, Banque de France
You can download the report here: Central banking and cloud services: The new frontier
Recorded on 28 June 2023.