Financial regulators play an essential role supervising and regulating financial institutions. With financial technology revolutionizing traditional banking, regulators are adopting technologies like cloud computing to keep pace. The Municipal Securities Rulemaking Board (MSRB) plays a vital role in safeguarding the nearly $4 trillion municipal securities industry.
The MSRB tapped into the scalability & flexibility provided by cloud computing while avoiding looming infrastructure investments by migrating their data centers to Amazon Web Services (AWS). The migration helped enhance operational excellence, harness the power of their market data and create a platform to digitize regulatory, compliance & monitoring practices.
The MSRB recognized that sustainable success in the cloud would hinge upon equipping its workforce with the right skills and tools using comprehensive change management and workforce transformation programs.