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IBM

S2000-005

IBM Cloud for Financial Services v1 Specialty

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Question: 1

How can success be evaluated after implementing IBM Cloud for Financial Services?

1. Reduction in IT staff size

2. Increased revenue and profitability

   
   

   ecreased infrastructure maintenance costs wer: C

   anation: Success after implementing IBM Cloud for Financial Service valuated based on higher customer satisfaction ratings. Financial utions aim to provide a seamless and secure user experience, and posi back from customers indicates the effectiveness of the cloud solution i ing their expectations.

   
   

   stion: 2

   
   

   is one of the key motivations for implementing IBM Cloud for Fina ices?

   
   

   ost reduction and operational efficiency nhanced data security and compliance mproved customer experience and engagement

   Higher customer satisfaction ratings

3. D

Ans

Expl s can

be e

instit tive

feed n

meet

Que

What ncial

Serv

1. C

2. E

3. I

4. Increased scalability and flexibility Answer: B

Explanation: One of the key motivations for implementing IBM Cloud for Financial Services is to enhance data security and ensure compliance with industry regulations. Financial institutions prioritize the protection of sensitive

customer information and need a secure cloud platform that meets their specific compliance requirements.

Question: 3

Which factor is essential for effectively implementing IBM Cloud for Financial Services?

trong understanding of cloud computing concepts arge budget for infrastructure investments

-house software development capabilities omprehensive knowledge of financial regulations

wer: D

anation: Effectively implementing IBM Cloud for Financial Services res a comprehensive knowledge of financial regulations. Financial utions must ensure that the cloud solution aligns with regulatory rements specific to the financial industry, including data privacy, sec ompliance standards.

stion: 4

is a critical aspect of the customer workload environment for financi utions?

Ans Expl

requi instit

requi urity,

and c

Que

What al

instit

1. Continuous software updates

2. High-speed internet connection

3. Disaster recovery and business continuity

4. Virtual reality technology integration Answer: C

Explanation: A critical aspect of the customer workload environment for financial institutions is disaster recovery and business continuity. Financial institutions handle sensitive financial transactions and must have robust measures in place to ensure uninterrupted operations and safeguard against data loss or system failures.

Question: 5

should be prioritized during the implementation of IBM Cloud for ncial Services?

apid deployment without thorough testing inimal disruption to existing business processes aximum customization of all cloud services doption of the latest technology trends

wer: B

anation: During the implementation of IBM Cloud for Financial Servi ssential to prioritize minimal disruption to existing business processe ncial institutions cannot afford significant interruptions to their operati he cloud implementation should be carefully planned and executed to re a smooth transition.

stion: 6

What Fina

1. R

2. M

3. M

4. A

Ans

Expl ces,

it is e s.

Fina ons,

and t ensu

Que

Which approach is recommended when framing a technical solution for IBM Cloud for Financial Services?

1. One-size-fits-all solution for all financial institutions

2. Customized solution tailored to specific business needs

3. Minimalistic approach with limited features

4. Off-the-shelf solution without any configuration options

Answer: B

stion: 7

ch feature of IBM Cloud for Financial Services contributes to regulato pliance?

ulti-factor authentication (MFA) eal-time data analytics

achine learning algorithms lockchain technology

wer: A

anation: The feature of IBM Cloud for Financial Services that contrib gulatory compliance is multi-factor authentication (MFA). MFA enha rity by requiring users to provide multiple forms of identification befo ssing sensitive data or performing transactions, aligning with regulator rements for user authentication.

Explanation: When framing a technical solution for IBM Cloud for Financial Services, it is recommended to adopt a customized approach tailored to the specific business needs of the financial institution. Each institution may have unique requirements and objectives, and a tailored solution ensures that the cloud platform aligns with those needs.

Que

Whi ry

com

1. M

2. R

3. M

4. B

Ans

Expl utes

to re nces

secu re

acce y

requi

Question: 8

What are key considerations during the implementation phase of IBM Cloud for Financial Services?

1. Data migration and integration

2. Regulatory compliance audits

3. User training and onboarding

4. Performance benchmarking and optimization Answer: A

utions need to efficiently and securely migrate their data to the cloud orm while ensuring smooth integration with existing systems and cations.

stion: 9

When assessing the customer workload environment, what factors should idered?

ata residency and sovereignty ardware compatibility and availability etwork bandwidth and latency

pplication scalability and performance wer: A

anation: When assessing the customer workload environment, it is cru nsider factors such as data residency and sovereignty. Financial instit

Explanation: During the implementation phase of IBM Cloud for Financial Services, key considerations include data migration and integration. Financial instit

platf appli

Que

be cons

1. D

2. H

3. N

4. A

Ans

Expl cial

to co utions

often have regulatory requirements regarding data storage and processing locations, and the cloud solution should adhere to these requirements to ensure compliance.