Digital sovereignty: How financial service providers can become more independent

Enhancing digital sovereignty has now become strategically crucial in the financial sector. However, this task is complex due to regulatory requirements, market concentration and the technological lead held by global cloud and technology providers. It is essential to develop alternative approaches to gain greater control without compromising competitiveness.   

Our white paper demonstrates in a practical way how digital sovereignty can be understood and effectively embedded within organisations as a management and architectural principle. The focus is on combining technical and organisational solutions to maintain the organisation’s ability to act independently.

In this white paper, our experts demonstrate that digital sovereignty is not synonymous with self-sufficiency, but rather represents the ability to make autonomous decisions – regarding data sovereignty, technology pathways and operations – despite external dependencies. Sovereignty is therefore a form of controlled dependency, in which it is essential to establish robust safeguards.

Cloud, jurisdictional and supply chain dependencies should be systematically made transparent on the path to greater autonomy – throughout the entire outsourcing chain. This creates the basis for monitoring and actively managing concentration and aggregation risks.