In this tutorial, we'll deploy a simple web app to the cloud of your choice - composed of a database and a virtual machine where the frontend code will run. So that the configuration is reusable and consistent, we'll write it in Terraform. Usually Terraform configurations are cloud-specific, and changing clouds requires a complete rewrite. In this case, so that you can reuse the same configuration across clouds, we'll be using Multy.

Cloud has become the de facto way to build infrastructure, meaning cloud providers end up in charge of a significant amount of the apps we use every day. From the likes of Netflix, Slack, Ring and Doordash running on AWS or PayPal, Twitter and HSBC on GCP, it's easy to see how impactful a failure of any type can be. Let's look at some of the issues that have happened recently that have led business to consider how dependent they are on a single provider.

Cloud computing can bring many benefits to financial services companies such as increased speed and agility, easier innovation and scalability. It is no wonder then that cloud adoption is set to continue increasing with 54% of financial services companies expected to have more than half of their entire IT footprint in public clouds in the next five years. However, despite the benefits that this can bring for financial services, it also brings a new set of challenges for financial market stability.