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A Bank Operates in a Regulated Environment

question 83

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A bank operates in a regulated environment. The compliance requirements for the country in which the bank operates say that customer data for each state should only be accessible by the bank's employees located in the same state. Bank employees in one state should NOT be able to access data for customers who have provided a home address in a different state. The bank's marketing team has hired a data analyst to gather insights from customer data for a new campaign being launched in certain states. Currently, data linking each customer account to its home state is stored in a tabular .csv file within a single Amazon S3 folder in a private S3 bucket. The total size of the S3 folder is 2 GB uncompressed. Due to the country's compliance requirements, the marketing team is not able to access this folder. The data analyst is responsible for ensuring that the marketing team gets one-time access to customer data for their campaign analytics project, while being subject to all the compliance requirements and controls. Which solution should the data analyst implement to meet the desired requirements with the LEAST amount of setup effort?


Definitions:

Par Common Stock

The nominal or face value of a share of common stock as stated in the corporate charter, which has no direct relation to the market value.

Fair Market Price

This term refers to the price at which an asset would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or sell and both having reasonable knowledge of relevant facts.

Treasury Stock

Shares that were once part of the floating stock of a company but were then repurchased and are held by the company itself.

Retained Earnings

The portion of a business's profits not distributed to shareholders as dividends but retained for reinvestment in the business or to pay debt.

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