Atlassian Finance User Forum 2024
Future Strategies for the Financial Industry
Cloud, Compliance, and Collaboration at the Core of Modern Technologies
On December 3, 2024, the fourth Atlassian Finance User Forum took place, addressing the key challenges and opportunities for the financial industry in adopting modern technologies, with a particular focus on Atlassian's Enterprise First strategy.
Key Topics Covered:
- Strategies for scaling and optimizing enterprise solutions with Atlassian
- Specific use cases and opportunities for the financial industry in Switzerland
- Regulatory requirements such as GDPR, FADP, and DORA, and their implementation
Collaborative discussions on solutions and best practices during the networking lunch
Highlights
Atlassian's vision to maximize efficiency and collaboration relies on integrating modern cloud technologies. The goal is to provide a platform that centralizes all relevant tools and data to:
- Facilitate cross-departmental collaboration
- Leverage AI and automation
- Ensure scalability and security for large enterprises
- Improve transparency and traceability
- Integrate all relevant systems
Swarmit's Presentation: The Atlassian platform offers limitless automation and integration of business processes with all DevOps aspects of development. In its Q4 FY24 Shareholder Letter, Atlassian stated: "We've shifted our mindset from 'cloud first' to 'enterprise first'." But what does this mean?Many enterprises will gradually transition to the cloud, with a growing number adopting a hybrid approach combining Data Center and cloud to migrate their teams and users over several years. Swarmit focused on:
- SaaS challenges
- Shared risk management, particularly regarding resilience and data protection
- Compliance and Atlassian's outsourcing guidelines aligned with FINMA circulars
- Atlassian's Data Processing Addendum and data security on the Atlassian platform, including tools like Atlassian Guard
Regulatory Insights by PwC: PwC provided an overview of the key data protection laws, including the General Data Protection Regulation (GDPR), NIS 2 Directive (EU) 2022/2555, Digital Operational Resilience Act (DORA), AI Act, Cyber Resilience Act (CRA), and FINMA Circular on Operational Risks and Resilience. A detailed update on data protection topics specific to Switzerland was also presented.
- What is the roadmap for the revised Swiss Federal Act on Data Protection (FADP), and how does it compare to GDPR?
- Data transfers to the USA: What is the Swiss-U.S. Data Privacy Framework?
- What does the Digital Operational Resilience Act (DORA) entail, and what is its roadmap?
- Updates on the Network and Information Security (NIS) 2 Directive
Looking Ahead to Future Events
Together, we go further. The Atlassian Finance User Forum, organized by Atlassian, provides a platform for exchanging ideas on critical Atlassian-related topics.A survey conducted at the end of the December 2024 event revealed:
- There is a confirmed need for this type of event.
- The event should ideally be held twice a year.
- A lunchtime format with a standing meal is highly preferred.
Swarmit will therefore plan the next edition of the Atlassian Finance User Forum.
5 Key Takeaways
- Atlassian's "Enterprise First" strategy enables scalable, secure solutions for financial enterprises.
- The transition to the cloud is inevitable. SaaS challenges and risk management must be collectively addressed.
- Regulatory compliance, including DORA and FADP, is essential, and Atlassian products offer comprehensive support.
- AI and automation boost efficiency but require thoughtful integration into existing processes.
- Data protection and sovereignty (e.g., data residency in Switzerland) are key concerns for businesses.
Your Partner for Atlassian Solutions
Do you have questions about these topics or need support implementing them in your organization? As your Platinum Atlassian Partner, we are here to help!Starting in 2025, the Atlassian Finance User Forum will take place twice a year. Stay updated on the upcoming dates—sign up for our newsletter, and we look forward to seeing you there!
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