A Contemporary Approach: Zero Trust Architecture for Cloud-Based Fintech Services

Abstract

The financial technology (fintech) sector has witnessed a meteoric rise in recent years, driven by the increasing adoption of cloud computing and the introduction of innovative financial services. This rapid migration to the cloud, while enabling greater accessibility and scalability, has also introduced inherent security challenges that traditional perimeter-based security models are struggling to address effectively. As cyber threats become more sophisticated and persistent, fintech companies must adopt a more robust and comprehensive approach to safeguarding their cloud-based services and sensitive financial data. This paper explores Zero Trust Architecture (ZTA) as a contemporary security framework specifically designed to meet the evolving security needs of cloud-based fintech services. This article delves into the core principles underpinning ZTA and analyzes their practical implementation for achieving robust security in fintech environments, encompassing critical aspects such as identity verification, micro-segmentation, and continuous monitoring. Finally, this paper discusses the significant benefits and potential challenges associated with adopting a Zero Trust Architecture in the rapidly evolving fintech landscape.