Financial institutions are increasingly adopting cloud technology due to its efficiency, security, and scalability, despite most banking workloads still being on-premise as of 2022. This shift is driven by the need to meet customer demands and leverage advanced data and analytics solutions, including AI. However, concerns about cloud security persist, even though cloud providers offer modern, secure environments with compliance and regulation certifications. The concept of shared responsibility in cloud security highlights the risks of client-side errors, with Gartner noting that 99% of cloud failures are due to customer mistakes such as misconfigurations. Cloud Native Application Protection Platforms (CNAPPs) are designed to help financial institutions improve their cloud security posture by automating the identification and remediation of misconfigurations, ensuring compliance, and providing visibility across multi-cloud environments. Elastic's security solution integrates CNAPP capabilities for AWS and soon for Google Cloud and Microsoft Azure, offering financial institutions a comprehensive tool to manage security across hybrid and multi-cloud setups, thereby reducing the risk of breaches and reputational damage.