Independent Banker - May 2021 - 52

Defining the cloud
Terms community banks should know
Public cloud: Computing services offered by thirdparty
providers over the internet. The cloud service
provider manages and maintains the system. The public
cloud can be as secure as a private cloud offering if the
provider uses effective security methods.
Private cloud: Also called an internal or corporate
cloud, private cloud computing gives companies
additional control and customization options, but the
company is responsible for staffing, management
and maintenance expenses, rather than the cloud
service provider.
CLOUD SERVICE MODELS:
Q Software-as-a-service (SaaS) includes licensing
software to customers, traditionally through a payas-you-go
or an on-demand model. This type can be
found in Microsoft Office's 365.
Q Infrastructure-as-a-Service (IaaS) involves
delivering operating systems, storage, etc., through
IP-based connectivity as part of an on-demand
service. With IaaS, community banks may avoid
purchasing software or servers. Examples include
IBM Cloud and Microsoft Azure.
Q Platform-as-a-Service (PaaS) is like SaaS, but
instead of software, it's a platform for creating
software delivered over the web. Examples include
platforms like Salesforce.
management system, enabling our
sales teams and other external-facing
teams to log in remotely more easily. "
He adds that First Foundation
Bank initially did a test move within
each application to make sure the
applications functioned correctly.
" As each application was migrated
to the cloud, we also migrated
the interdependencies with other
applications, " Hareyan says. " That
way, if two applications needed
to communicate shared data with
one another, we wouldn't have to
build any new networking paths
between applications. "
First Foundation Bank's data
warehouse system and its clientfacing
loan origination system
are also now cloud-based. The
systems that remain on-site include
its archiving system for several
applications that don't need real-time
access, which are " too expensive to
put on the cloud, " Hareyan says. Also
not migrated were applications used
by very small groups of staff based
in specific regions. The bank's core is
a hosted solution from Fiserv that is
based in a data center.
president, solutions architect manager
Ashot Hareyan says it considered
applications that needed to be readily
available for either customers or
employees to prevent significant
disruption. The team also chose
applications that could be more easily
integrated with other applications that
were also being migrated to the cloud.
" We chose to migrate our
Sharepoint system, where most
employees have a number of workflow
service requirements that they
use daily, " Hareyan says. " We also
migrated our customer relationship
50 Q ICBA Independent Banker Q May 2021
Data governance considerations
TAB Bank in Ogden, Utah, started
its cloud migration process with
the migration of online banking
platforms. Its consumer version
was moved first and its platform
for commercial customers will be
completed later in 2021.
During the migration planning
process, banks should keep in
mind data responsibility and data
management, says Curt Queyrouze,
president of TAB Bank in Ogden,
Utah. The community bank formed a
data governance committee to better
manage the process.
" When putting together and
working toward one source of truth
and doing it in the cloud, you find
that disconnecting and connecting
different data flows is much more
complex than what you might first
expect, " Queyrouze says. " The best
Independent Banker - May 2021

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