Financial Services
Pakistan
Enterprise/Public Sector
"Alibaba Cloud not only has the experience in the wider financial services market but also provides industry-leading SLAs and cloud-based solutions to help PSX guarantee a secure and value-added service to investors."
About PSX
Pakistan Stock Exchange Limited (PSX) is a leading Stock Exchange in Asia and is the only major institution helping capital formation in Pakistan. For more than 60 years, PSX has provided a safe, reliable, efficient and consistent marketplace for individual and institutional investors, the trading community and listed companies. As it continues to grow and innovate, PSX aspires to be one of the leading Stock Exchanges in the world.
Challenge
PSX’s existing functional and operational capabilities include a range of robust trading systems, IT security systems and a progressive regulatory framework. The PSX website also plays a key role in providing information to all the stakeholders, investors and general public about listing of companies record and regular investment updates. This critical workload needed to be managed to ensure security and compliance while also providing robust security to protect against cyber-attacks and other online threats.
Why Alibaba Cloud
PSX’s mission is to provide quality and value-added services to the capital market in an efficient, transparent and orderly manner, compatible with international standards and best practices. One of PSX’s vital commitments “is to provide unhampered, continued value-added services to the capital market.” Alibaba Cloud not only has the experience in the wider financial services market but also provides industry-leading SLAs and cloud-based solutions to help PSX guarantee a secure and value-added service to investors.
Architecture
Alibaba Cloud helped PSX mitigate a range of data security threats. Using our suite of security solutions, Alibaba Cloud helped PSX both optimize the critical data used by its systems and boost the response time of its website. We also provided various redundant high availability options. Alibaba Cloud’s multi-zone server instances come with a guaranteed 99.995% SLA – providing PSX and its customers with an industry-leading service guarantee. Data security is of paramount importance for PSX, and Alibaba Cloud implemented several layers of security to not only protect customer data but also ensure it was easy to manage, helping the organization scale and secure its online offerings while providing a reliable and high quality of service.
Looking Forward
Alibaba Cloud will continue to be strategically partner with PSX, adding value to further optimize PSX’s processes as per Alibaba Cloud’s standards. As PSX continues its journey to become one of the world’s leading Stock Exchanges, Alibaba Cloud will help it scale with confidence and provide value-added services for its customers.
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Snapshot
Alibaba Cloud helped PSX optimize and secure its critical data while boosting the response time of its website to provide investors with a value-added service.
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