Managing Data Sovereignty and Compliance in Multi-Cloud Environments

In the fast-changing world of financial services, multi-cloud environments are gaining popularity. They offer flexibility, scalability, and cost savings. However, using multiple cloud platforms creates serious challenges for data governance. Financial institutions must handle data fragmentation, inconsistent security policies, and complex compliance requirements. They also face issues like ensuring data integrity, availability, and real-time visibility. This article looks at these challenges in detail. It highlights problems such as the lack of unified frameworks, data synchronization across platforms, and the risk of data breaches. Additionally, it discusses the difficulty of maintaining audit trails and meeting regulatory demands. To address these challenges, we suggest solutions. These include adopting unified data governance frameworks, advanced encryption, and AI-driven monitoring. Automation also plays a key role by streamlining processes and reducing human errors. Continuous training for staff ensures organizations stay up-to-date.