Achieving resilience in financial services through cloud elasticity and automation

By Varoon Rajani, Founder and Chief Executive Officer of Blazeclan Technologies (An ITC Infotech brand)

By Sid Sengupta, Head of BFS&I Practice, ITC Infotech, Europe

Introduction

In 2024, financial institutions (FIs) worldwide were hit with over $2 billion in fines due to operational failures, underscoring the steep cost of downtime and lapses in resilience. As we move into 2025, the challenges have intensified, with a 25% increase in cyberattacks targeting the sector. These statistics reveal an alarming reality: in an era of heightened regulatory scrutiny, volatile markets, and growing cybersecurity threats, resilience isn’t just a nice-to-have—it’s a necessity. A lack of robust operational resilience can lead to regulatory penalties, damaged reputations, and crippling financial losses. In this context, cloud elasticity, automation, and cutting-edge security technologies are emerging as crucial tools for financial institutions to not only survive but thrive amidst these evolving pressures.

Why Resilience is Crucial ...