Defending the Global Financial Backbone: Euroclear's Reliability Journey

Thursday, 9 October, 2025 - 11:5012:35

Haytham Elkhoja, Euroclear / Kyndryl, and Erik Van Nooten, Euroclear

In the heart of global financial markets, where transactions worth billions flow daily, reliability isn't just a best practice—it's a regulatory mandate and global economic necessity.

As a Central Securities Depository (CSD) handling over €40 trillion in assets, Euroclear faces unique and escalating challenges in reliability engineering. As one of the backbones of the world’s economy and its critical role in the global financial ecosystem, any operational disruption could have cascading effects across international markets, potentially impacting thousands of financial institutions and millions of transactions daily.

Euroclear’s reliability strategy is evolving to a model that must simultaneously address scenarios ranging from natural disasters, technical outages and applications failures to coordinated state-sponsored cyber-attacks while ensuring data integrity preservation and rapid recovery capabilities.

This talk will show how Euroclear is building an ‘Always On’ strategy to achieve application-level resilience and regulatory compliance whilst managing a major multi-data center transformation.

We’ll outline how our MVFMI (Minimum Viable Financial Market Infrastructure) model secures top-priority business services, how our Application Reliability Factory addresses reliability, resilience and distributed consistency at the architectural level to support self-healing operations and minimize all kinds of outages for both legacy and modern applications, and how regulatory compliance is seamlessly integrated through core architectural principles that guide our decision-making.

This talk will target reliability architects, engineers, and technology leaders in critical or heavily regulated industries seeking to future-proof critical platforms and showcases Euroclear's approach to ensuring mission-critical financial applications maintain the utmost levels of availability while navigating a complex data center migration program.

Principal Architect and Director in Kyndryl’s Office of the CTO, Haytham leads the Always On Practice, focusing on transforming and modernizing mission-critical applications. He also heads the Euroclear Application Reliability Factory, where he architects and drives the enhancement of application-level reliability, ensuring technical integration and viability.

Resilience Program Transformation Leader at Euroclear. Erik leads Euroclear’s flagship resilience program, overseeing its strategic design, planning, and overall governance. He works closely with regulators to ensure the program’s compliance and executability.

BibTeX
@conference {311902,
author = {Haytham Elkhoja and Erik Van Nooten},
title = {Defending the Global Financial Backbone: Euroclear{\textquoteright}s Reliability Journey},
year = {2025},
address = {Dublin},
publisher = {USENIX Association},
month = oct
}

Presentation Video