Our CXO Roundtable conducted on 30 Jan in Bengaluru offered a unique opportunity to discover innovative IT & business strategies for optimizing cloud infrastructure and business performance. Attendees learned how to right-size resources, leverage spot and reserved instances, and automate scaling processes to enhance cloud efficiency.

What was covered:

• Fuelling Growth with Scalable Cloud Technology: How scalable cloud platforms can enhance operational efficiency and agility, helping businesses stay competitive.
• Mastering FinOps for Cost Optimization: Strategies that can reduce cloud spending by up to 30% while maintaining optimal performance, maximizing ROI.
• Enhancing Data Security and Compliance: Robust cloud solutions to safeguard data and meet compliance requirements, a critical consideration for organizations.
• Driving Customer-Centric Innovation: How modernizing legacy systems can improve customer experiences and foster loyalty through tailored solutions.
• Harnessing AI for Business Transformation: The role of AI streamlined operations and informed decision-making in unlocking innovation and growth opportunities.

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Hardware matters. Whether businesses are building custom applications, migrating to the cloud, or deploying new services at the edge, Intel’s next-generation instances powered by the latest 4th Gen Intel® Xeon® Scalable Processors (Saphire Rapids) enable businesses today to optimize even the most demanding workloads and applications while reducing costs.

“As an industry-leading innovator, Intel has long been our steadfast partner in providing enterprise- grade computing capabilities for our customers to achieve the agility and efficiency they need to scale their cloud architecture. We look forward to advancing our collaboration with Intel to help businesses transition from a state of cloud-first to cloud-smart and take advantage of Intel’s cutting-edge technologies such as the 4th Gen Intel®Xeon® Scalable Processors across emerging domains spanning GenAI and Modernization.”Ayush Keshan
President - Application Services, Cloud Kinetics

With Intel’s solutions, Cloud Kinetics have helped industries across Financial Services, Manufacturing, and Transport & Logistics to run critical business applications and achieve faster time to market.

"Our collaboration blends technical expertise and ecosystem innovation to drive digital transformation and empower businesses in today's evolving digital landscape. Cloud Kinetics adeptly harnesses Intel's AI and Cloud technologies across optimized infrastructure and software tools to accelerate outcomes. Together with Cloud Kinetics, Intel is dedicated to delivering top-notch solutions that open up new opportunities and pave way for customer success in the ever-evolving cloud era."Elaine Chan
Director - Ecosystem & Software Sales APAC & Japan at Intel

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It was an energizing experience to explore the potential of automation alongside such a distinguished audience.

Key Takeaways: Empowering FSI Enterprises Through Automation

The event delved into how automated data management can be a game-changer for financial services enterprises. Here’s a recap of the key themes we explored:

• Boosting Efficiency: We discussed how automating manual data tasks can free up valuable time for your team, allowing them to focus on strategic initiatives that drive growth.
• Enhancing Security: The session explored how robust access controls and encryption, facilitated by automated data management, can strengthen your data protection posture.
• Simplifying Compliance: We highlighted how automated data governance and audit trails can streamline compliance efforts, ensuring adherence to ever-evolving regulations.
• Powered Decision-Making: The event showcased the power of AI-powered analytics fueled by automated data. This combination empowers FSI firms with deeper insights for fraud detection, risk management, and more informed decision-making.

Looking Forward: The Future of FSI and Automation

The event fostered a dynamic discussion on the transformative potential of automation in the financial services industry. We were impressed by the insightful questions and engaging conversations throughout the session.

Stay tuned for future events!

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For traditional banks this doubles up as an opportunity and an urgent reminder. To compete effectively with digital banks and fintechs and thrive in this evolving financial ecosystem, senior IT/business decision-makers at established banks must prioritize modernizing legacy systems and embracing the Open Banking paradigm.

Advancing customer experience with open banking

Open banking ushers in a new era of convenience and financial control. It fosters financial inclusion, more personalized services and convenience for customers. Open banking also increases the competitiveness of banks by enabling them to provide a diverse suite of financial products & services at reduced operational costs.

Some open banking use cases include:

• Instant payments and fund transfers directly from third-party applications such as PayNow in Singapore and Unified Payments Interface (UPI) in India.
• Account aggregation features for customers to access and manage savings & deposit accounts, loans, credit cards and investments from a single application.

From monolith to microservices: The application modernization journey to open banking

For most banks, successful adoption of open-banking standards will mean substantial re-architecting of their current application estate and IT infrastructure, and accelerated integration with third parties to on-board new products & services from partners. This is a critical success factor in the open banking ecosystem.

To seamlessly integrate with various third parties through APIs, banks will require an enterprise-wide adoption of microservices and API-based architecture to consume data from core banking and other legacy backend systems. This will support agile delivery, provide scalability and flexibility with multi-cloud / hybrid cloud deployments.

A microservices-based application modernization approach will eventually enable banks to drive growth through new business models, collaborate with partners to quickly on-board new product offerings and enhance customer experience.

1. Building the optimal microservices-based architecture for open banking

The application modernization journey and timelines will depend on the product roadmap, technology readiness and current IT architecture of the bank.

Banks with monolithic applications, legacy core banking systems and legacy integration platforms will need to adopt a phased approach to minimize business risks and potential disruptions. A phased approach will also allow banks to on-board partners and build marketplace offerings like digital wallets, lending and insurance services for customers in an incremental manner.

The figure here below illustrates an indicative microservices-based reference architecture for a bank along with key components such as API gateway, service orchestrator and microservices-based core services.

• The first step in the application modernization journey would involve building a service orchestration layer (Figure 1, point# 2) to efficiently manage commonly used cross-cutting concerns and non-functional requirements such as security, configurations, log aggregation, distributed tracing, service discovery and circuit breaker.
• All the above services can be developed as common components designed to ensure the core business logic is separated from cross-cutting non-functional concerns.
• The service orchestration layer along with an API gateway will interface with the core banking platform and expose APIs to both internal and external parties for accelerated integration.
• In subsequent phases, banks can start decomposing their monolithic core applications using various Microservices design patterns such as Strangler and Sidecar aligned to product domains such as account services, payment services and underwriting services (Figure 1: point# 3). For example, account services would include features such as account opening, customer onboarding and account updates.

2. Microservices-based application modernization: Challenges & way forward

Transitioning from a monolith to microservices can be a complex but rewarding undertaking for banks. Often, banks are concerned about technical complexity, security challenges and change management.

The right application enablement partner will equip you with a comprehensive roadmap, from initial strategy and architecture design to seamless implementation and ongoing support, ensuring your microservices journey is smooth and efficient.

3. Modernizing banking applications with Cloud Kinetics

Cloud Kinetics helps banking & financial services customers to amplify the value of cloud with our Application Modernization approach, driving business agility & flexibility.

Our modernization competencies focus on Application Portfolio Assessment, Microservices Architecture, Serverless, API Integration, Security & Compliance combined with DevOps & Continuous Delivery Approach. Our strategic partnerships with industry leaders like AWS, Azure, GCP (hyperscalers), Kong (API gateway), CAST (portfolio assessment) enable us to deliver a seamless solution for our customers.

Customer impact story: App modernization, cloud-native design & a one-stop digital marketplace for a leading fintech

Our customer is a leading fintech company that facilitates financing through credit guarantee schemes for micro, small & medium enterprises (MSMEs). They felt their current platform was lacking the comprehensiveness, accessibility and user-friendly experience that MSMEs now demand in a digital-first world.

With Cloud Kinetics, the customer embarked on a transformation journey to modernize their platform and provide MSMEs with a one-stop digital marketplace, with opportunities for cross- and up-selling products and services.

Cloud Kinetics developed the digital lending platform on AWS, using microservices architecture to create a cloud-native lending platform that was secure, scalable and adaptable to evolving needs. Cloud Kinetics also built a digital marketplace for the customer that expanded beyond loans, offering MSMEs financial products like working capital solutions, insurance options, and seamless integration with credit guarantee schemes. The interface enabled the bank to offer MSMEs a more intuitive experience and better manage their financial health.

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As more organizations embrace the cloud, securing cloud-native applications has become increasingly complex. Fragmented multi-vendor solutions attempt – and struggle – to shield an attack surface that’s expansive, dynamic and vulnerable. The solution to this growing challenge in cybersecurity could lie in cloud-native application protection platform or CNAPP.

CNAPP is a comprehensive solution that gives DevSecOps and DevOps teams unified automated security that oversees containers, workloads, compliance and more – the entire application lifecycle. It is being used by organizations to crank up security as well as visibility across hybrid and multi-cloud, and private and public cloud environments. But first, let’s see why there’s such a strong case for CNAPP and how it fares over traditional solutions.

Why traditional cybersecurity solutions aren’t always optimal

How did security end up being so complicated? Organizations have grown their cloud investments over time and added solutions and products in phases, organically. The accompanying security products layered over these have also been heterogeneous and operated in silos. The result? DevSecOps is fashioned sometimes from as many as 10 different tools each working in isolation!

Add to that the fact that cloud environments often involve microservices, containerization or serverless architecture. A far cry from traditional IT environments. This is why traditional intrusion detection and firewalls just don’t cut it when it comes to the distributed and dynamic cloud environments of today. These modes of security were designed to serve a fixed network perimeter like a data centre. Not the complex distributed cloud environments that are par for the course today.

The most significant driver is the need to unify risk visibility across the entire hybrid application and across the entire application life cycle. This simply cannot be achieved using separate and siloed security and legacy application testing offerings. – 2023 Gartner® Market Guide for Cloud-Native Application Protection Platforms

Your cloud security & CNAPP

What is CNAPP? A cloud-native application protection platform offers a simplified security architecture to enable enterprises to reduce complexity and costs of security solutions that operate in silos. CNAPP lets a business benefit from a unified continuous security structure without any added investments by way of more manpower or investment in more tools.

The compelling case for CNAPP in cybersecurity

The global CNAPP market is set to grow at 19.9% (CAGR) between 2022 and 2027, to USD 19.3 billion, driven by a growing risk of breaches and reported incidents of cyber threats, an increasing use of cloud solutions, a manpower crunch within the IT security teams in-house, as well as the potential vulnerability posed by an increasingly WFH/remote workforce.

By 2025, 60% of enterprises will have consolidated cloud workload protection platform (CWPP) and cloud security posture management (CSPM) capabilities to a single vendor, up from 25% in 2022. 2023 Gartner® Market Guide for Cloud-Native Application Protection Platforms

CNAPP was built to protect cloud-based infrastructure and applications. The solution is agile, dynamic and scalable. Large existing cloud users like ISVs and SaaS companies have begun to see the benefits of CNAPP.

The issue of combined risk is something CNAPP is capable of dealing with. While security solutions like cloud infrastructure entitlement management (CIEM), cloud workload protection platform (CWPP) and cloud security posture management (CSPM) do offer data on vulnerability and risk they are unable to come together in a way that – as Gartner puts it – connects the dots. CNAPP identifies the effective risk across the various layers that comprise cloud-native applications, helping prioritize risk and easing the burden on overstretched security and developer teams.

Here are some features of CNAPP that make it the smart choice for enterprises that operate in the cloud.

• Is a combined cloud security solution
• Is purpose-built for cloud-native environments
• Is integrated with the app development life cycle
• Does not add additional complexity to the application
• Supports scanning and quick response to any misconfiguration

How to choose a CNAPP solution

There is a palpable shift underway in the market, to consolidate cloud security solutions and benefit from the ease and visibility that a single CNAPP solution brings.

If you are considering CNAPP, here is a quick guide to choosing the right partner. The exercise will be most effective if those doing the selection are drawn from the various teams that will be involved with or impacted by the solution – namely, developers, development security, app security, cloud security, workload security and middleware security teams.

Make a CNAPP decision for your cybersecurity!

Finding a good partner for your CNAPP solution is critical and Cloud Kinetics has the expertise you need. Cloud Kinetics offers CNAPP in partnership with Plerion, an all-in-one Cloud Security Platform that supports workloads across AWS, Azure and GCP. If securing your entire cloud with an all-in-one cloud security platform is on your mind, we can help!

Cloud Kinetics is an award-winning, certified cloud transformation and managed services partner headquartered in Singapore and operating globally. We use cutting-edge platform-driven services to accelerate and secure our clients’ digital and business transformation journeys. Get in touch with our cloud experts for a non-obligatory discussion at contactus@cloud-kinetics.com

You can also download the CNAPP Cloud Security Handbook Here

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According to the HashiCorp State of Cloud Strategy Survey, a significant 89% of participants emphasized the importance of security for successful cloud implementation. However, as organizations embrace the cloud, they face the challenge of reevaluating their approach to securing applications and infrastructure. The traditional notion of security, defined by a static and IP-based perimeter, is evolving into a dynamic and identity-based paradigm with no clear boundaries. This transformative concept is commonly referred to as zero trust security.

The increasing adoption of zero trust reflects the rising security challenges faced by enterprises. Organizations have seen their attack surfaces expand as remote work policies become more prevalent and endpoint devices are used outside the corporate network. Concurrently, the frequency and intensity of cyberattacks have significantly increased.

Zero Trust is based on three guiding principles that shape its implementation:

Verify explicitly: The Zero Trust paradigm does not assume trust by default. Users must actively request access to resources, and they must provide proof of identification. Authentication and authorization are required depending on a variety of data points, such as user identification, location, device, service or workload, data classification, and anomalies.

Impose least-privileged access: Each user is only given the privileges required for their work. This restricts users to just-in-time and just-enough access, employs risk-based adaptive controls, and implements data security measures. As a result, the risk of unintentional or purposeful misappropriation of corporate assets is reduced.

Assume breach: Until proven otherwise, every user within the organization, including employees, contractors, partners, and suppliers, is regarded as potentially malicious. To guard against this risk, security measures should be put in place. Access must be segmented by network, user, device, and application, and data must be encrypted. Analytics must be used for threat detection and better security.

Top use cases of Zero Trust

Reducing business and organizational risk: Zero-trust solutions ensure that applications and services can communicate only after verification based on their identity attributes. This approach reduces risk by uncovering the presence of assets on the network and how they communicate. Moreover, zero-trust strategies eliminate overprovisioned software and services while continuously verifying the credentials of every communicating asset.

Gaining access control over cloud and container environments: The migration to the cloud raises concerns regarding access management and loss of visibility. Zero-trust architecture addresses these concerns by applying security policies based on workload identities directly tied to the workloads themselves. This approach ensures that security remains closely integrated with protected assets, independent of network constructs like IP addresses or ports, and guarantees consistent protection as the environment evolves.

Thorough inspection and authentication: Zero trust operates on the principle of least privilege, assuming every entity to be hostile. Each request undergoes a thorough inspection, including authentication and permissions assessments for users and devices, before granting trust. Continual reassessment occurs as contextual factors change, such as user location or accessed data. By eliminating trust assumptions, even if an attacker infiltrates the network through a compromised device, their ability to access or steal data is restricted due to the zero-trust model’s secure segment isolation.

4 reasons organizations are opting for Zero Trust security

Enhanced cybersecurity: Zero trust models enable companies to establish more effective cybersecurity practices. This provides reassurance that even in the event of a cyberattack, the data remains secure from malicious actors.

Compliance support: Zero trust models help organizations meet compliance requirements, such as HIPAA regulations. By implementing a zero-trust approach, companies can ensure compliance without worrying about potential issues arising later due to non-compliance.

Risk reduction: By allowing access only when needed and limiting unnecessary access, zero-trust models reduce risks for businesses. This approach protects against both internal threats like malware infections and external threats like phishing attacks and ransomware.

Comprehensive data protection: With a zero-trust model, you can have peace of mind knowing that your data is safeguarded. This approach covers a wide range of threats, providing protection against various internal and external risks.
By following the core principles of zero trust, organizations can strengthen their security posture, comply with regulations, reduce risks, and ensure the safety of their valuable data.

Zero trust security with HashiCorp

HashiCorp offers solutions for enterprises that need zero trust security for multi-cloud environments. It manages secrets across multiple clouds and private data centres, enforces security with identity and provides governance through policies. HashiCorp Vault enables enterprises to centrally store, access, and distribute dynamic secrets like tokens, passwords, certificates, and encryption keys across any public or private cloud environment. Unlike burdensome ITIL-based systems, HashiCorp solutions issue credentials to both people and machines in a dynamic fashion, creating a secure, efficient, and multi-cloud solution suited to today’s insecure world.

It’s part of the company’s “zero trust” security which secures everything based on trusted identities. Organizations can use zero trust to manage the transition to the cloud while maintaining the level of security required, one that trusts nothing and authenticates and authorizes everything.

There are now thousands of companies who seek to leverage the cloud (whether hybrid or multi-cloud) to run mission-critical workloads. It’s imperative that they seriously consider zero trust to secure access to authorized personnel. That’s where Cloud Kinetics and HashiCorp can help significantly.

Organizations are rethinking how to secure their apps and infrastructure on the cloud. Security in the cloud is being recast from static, IP-based (defined by a perimeter) to dynamic, identity-based (with no clear perimeter). This is the core of zero trust security.

This is especially true with emerging and booming markets. Sandy Kosasih, Cloud Kinetics Country Director for Indonesia, says, “HashiCorp’s approach to identity-based security and access provides a solid foundation for companies to safely migrate and secure their infrastructure, applications, and data as they move to a multi-cloud world.” Suhail Gulzar, HashiCorp’s Regional Manager of Solutions Engineering for Asia, adds: “Companies use different identity platforms for federated systems of record. Leveraging these trusted identity providers is the principle of identity-based access and security. Our products provide deep integration with the leading identity providers.”

How does zero trust enable human-to-machine access?

“Traditional solutions for safeguarding user access used to require you to distribute and manage SSH keys, VPN credentials, and bastion hosts, which creates risks of credential sprawl and users gaining access to entire networks and systems. Cloud Kinetics deploys HashiCorp’s Boundary solution to secure access to apps and critical systems with fine-grained authorizations that don’t require managing credentials or exposing your entire network. This is an excellent security feature to protect the core network.”Fitra Alim, Cloud Kinetics Country Technology Officer

As security challenges continue to grow, embracing the zero-trust model becomes increasingly crucial for organizations aiming to safeguard their valuable assets from the ever-evolving threat landscape. If you have any questions about improving your cybersecurity practices with zero trust security, get in touch with us. Cloud Kinetics security specialists will be happy to have a non-obligatory discussion with you.

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Amazon Relational Database Service (Amazon RDS) is a powerful managed relational database service offered by AWS. It allows customers to easily set up, operate and scale their databases. With Amazon RDS, customers have the flexibility to choose from seven common and familiar database engines such as MS SQL, Oracle, MySQL, MariaDB, PostgreSQL, Amazon Aurora MySQL and Amazon Aurora PostgreSQL.

One of the key advantages of Amazon RDS is its ability to seamlessly integrate with existing code, applications and tools, minimizing the need for extensive modifications. Moreover, Amazon RDS takes care of routine database tasks such as provisioning, patching, backup, recovery, failure detection and repair. This allows customers to focus on their core business operations without worrying about the complexities of managing databases.

Using the Multi-AZ deployment option, customers can run mission-critical workloads with high availability and built-in automated failover. Read Replicas, in turn, help scale beyond the capacity of a single database deployment for read-heavy database workloads.

Cloud Kinetics for Amazon RDS

Cloud Kinetics works closely with customers to design, architect, migrate and monitor workloads containing databases, implementing Amazon RDS where feasible. We help our customers rapidly build, deploy, scale and manage solutions with Amazon RDS, driving and ensuring outcomes such as speed, simplicity, security and cost-effectiveness. Our expertise is backed by validated technical capabilities and a track record of successfully assisting customers in migrating, managing and deploying solutions with Amazon RDS.

Features & Benefits

Performance

Amazon RDS offers a range of storage options, including General Purpose (SSD) and Provisioned IOPS (SSD), which can be selected based on the workload requirements. Additionally, customers can optimize RDS Reads and RDS Writes to maximize performance and meet specific workload demands.

Scalability

Scaling up compute resources is as simple as pushing a button, with minimal downtime. Storage can also be scaled up on the fly, ensuring uninterrupted operations. Furthermore, Read Replicas enable customers to elastically scale out their database workloads beyond the limits of a single DB instance, especially for read-heavy workloads.

Availability and durability

Amazon RDS provides automated backups, allowing customers to recover their databases to specific points in time. Database snapshots can also be taken at user-defined intervals, serving as full backups. Multi-AZ deployments enhance availability and durability, ensuring high availability and automatic failover for mission-critical workloads.

Security

Amazon RDS prioritizes data security by enabling encryption at rest and in transit, safeguarding sensitive information. Network isolation ensures that database instances are protected from unauthorized access. Moreover, resource-level permissions can be managed efficiently, ensuring proper access controls.

Manageability

Amazon RDS offers robust monitoring and metrics capabilities through Amazon CloudWatch, providing real-time insights into database performance. Integration with AWS Config enhances configuration governance, making it easier to manage and maintain databases effectively.

Cost-effectiveness

Cost optimization is achieved through various strategies. Customers can leverage Reserved Instances (RI) to reduce expenses when using RDS. Additionally, the ability to stop and start database instances allows users to utilize resources only when needed, further optimizing costs.

Amazon RDS empowers customers with a highly reliable and scalable managed database service. By leveraging its wide range of features and benefits, businesses can streamline their operations, enhance security, optimize costs and focus on delivering value to their customers. With Cloud Kinetics’ expertise, customers can harness the full potential of Amazon RDS to achieve desired outcomes effectively.

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“Vertrax was created by truckers, for truckers,” the company proudly states. “We took our insights from across the industry and developed products that help fleets deliver smart and swift results.” Its specialty: supply chain management solutions for the bulk oil and gas distribution market, akin to an economy’s blood circulation.

“Our solutions drive optimization and never-seen-before visibility, value-added analytics, and insight,” says Rob Ljunggren, Vertrax’s Head of IT. “With built-in Amazon Web Services (AWS) integration, Vertrax stands out against the competition in terms of breadth of solution and native cloud benefits.”

The firm used Veeam to back up its core data on Microsoft 365. Until a ransomware attack threatened to ground everything to an abrupt halt. “The hackers not only encrypted our files on OneDrive, but they also corrupted our backups which were on-prem,” Rob says. “We were placed in an impossible situation.”

The complication? Vertrax’ contract with a data center to manage backups didn’t include support, stifling his staff’s ability to make changes or retrieve backups. Moreover, different Veeam consoles were operated independently, so Rob’s team had little visibility of what was being backed up. And with Covid-19, staff were forced to work remotely, which required additional layers of data security.

The status quo couldn’t continue; we had to find a solution – fast. We went through the options and zeroed in on Druva. It offered simple and reliable data protection and management-as-a-service. For implementation, we selected Cloud Kinetics, who had the experience and expertise to get us back on track. Rob Ljunggren, Head of IT, Vertrax 

Sunnyvale, California-headquartered Druva enables cyber, data and operational resilience with its Data Resiliency Cloud, the industry’s first SaaS solution. It allows enterprises to simplify data protection, streamline governance, and gain visibility and insights into their data on the cloud. Druva pioneered a SaaS-based approach to eliminate complex infrastructure and related management costs.

CK set up a team to help Vertrax get its siloed data centralized, its multiple backups organized, and its numerous management consoles focused on a single pane of glass. “With Veeam, it took us 30 minutes to restore a file; Druva helped us do this in three minutes,” Rob said. “My team had previously no insight into what was being backed up. Now we have everything in one management console. I even get automated email updates, so I always know where we stand.”

We helped Vertrax implement Druva across the enterprise with a single sign-on, multi-factor authentication, role-based access, and controls to guard against cyberattacks. The result: 10x faster data restoration compared to Veeam, 4x reduction in management time, and 50% cost savings compared to Veeam. Wen Chi Li, CTO, Cloud Kinetics

Ransomware is taking a toll on companies globally. The threat landscape is a moving target – and so are the sums demanded. The average ransom demand in 2021 is US$5.3 million, up 518% from an average of US$847,000 in 2020, according to data collated by Palo Alto Networks’ Unit 42.

According to a recent study by ISACA (Information Systems Audit and Control Association), the Asia-Pacific region is a hotspot for ransomware attacks. In its State of Cybersecurity 2021 report, ISACA states that 33% of IT leaders in Singapore and Malaysia expect their organization to experience a cyberattack in 2022.

Almost 30% of respondents indicated that their enterprises were getting hit more often than a year ago. ISACA provides security training and advisory services. In late 2020, it surveyed 3,659 executives, including 154 from Malaysia and Singapore, 65% of which represent organizations with more than 1,500 employees. The key reasons: organizations in Asia take 1.7 times longer than the global average to detect a breach; 70% of organizations lack a good understanding of their cyber posture, and investments in cybersecurity are 47% lower than in North America.

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