S2000-005 : IBM Cloud for Financial Services v1 Specialty Exam

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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?
S
L
In
C
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.

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