Home Just In Tata Communications Introduces IZO Financial Cloud platform in India

Tata Communications Introduces IZO Financial Cloud platform in India


To enhance performance and security of banking and financial services, this platform is a secure, compliant and high performant cloud foundation.

A global digital ecosystem enabler, Tata Communications has launched ‘IZO Financial Cloud’. A purpose-built community cloud platform that enabling next-gen digital transformation, customised to meet the stringent data privacy and protection compliance and security guidelines defined by India’s regulators for the Banking, Financial Services and Insurance (BFSI) sector.

This platform, built on the Tata Communications IZO Private Cloud, supports in the development of an open banking ecosystem that provides BFSI and FinTechs with the foundation to allow sophisticated digital services. International banks can also increase their footprint in India by meeting the country’s data residency regulations.

With IZO Financial Cloud, the financial service providers are able to strengthen their customers trust by operating on a platform that is secure, compliant and supported by a transparent cloud model. It also enriches the end-user experience by enabling BFSIs to launch advanced services with agility.

Now, financial service companies can improve their clients’ trust with IZO Financial Cloud by operating on a platform that is secure, compliant, and supported by a transparent cloud model. It also improves the end-user experience by allowing BFSIs to quickly offer enhanced services.

This purpose-built cloud platform will help financial institutions modernise their legacy systems and speed their digital transformation by supporting next-generation banking services. To address industry-specific cyber risks, it will embed security for data, applications, and perimeters. It will also help the industry flourish in the future by acting as a platform for emerging technologies like Artificial Intelligence (AI), Machine Learning (ML), and Blockchain to be implemented.

Rajesh Awasthi, Associate Vice President and Global Head, Managed Hosting and Cloud Services, Tata Communications, said, “Being at the forefront of digital transformation is vital to survive in today’s competitive environment where digital is not only an enabler but a differentiator. Financial institutions in India have significantly shifted to digital, providing highly personalised digital experience to their consumers with round-the-clock access to banking services through online platforms and mobile apps. We at Tata Communications recognise the journey they are undertaking and aim to assist the financial industry with a catalytic solution. IZO Financial Cloud supports to simplify the modernisation charter, fuel innovation employing new technologies and plan business continuity through a geo-resilient redundancy to manage disaster situations.”

The IZO Financial Cloud will help mature the BFSI industry and make it conducive for constant innovation. It will offer resiliency through embedded security controls and adherence to key industry compliances, uptime assurance through high availability of Disaster Recovery (DR) and service assurance through managed cloud infrastructure, and agility to manage dynamic changes in cloud infrastructure requirements and faster Development and Operations (DevOps) through the use of emerging technologies. The IZO Financial Cloud Command Portal comes with an integrated dashboard for network, cloud and security services along with a personalised, proactive notification and timely information enabled system.

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