Tata Communication Lunches 'IZO Financial Cloud Platform' In India
Tata Communications has launched the ''IZO Financial Cloud'' on July 27 in India. Reportedly, the platform helps in building an open banking ecosystem that offers BFSI and FinTechs, the foundation to permit advanced digital services. Furthermore, it grants international banks to enlarge their footprint in India by meeting the country's data residency requirements.
According to the company, this also helps the financial organisations to modernise their legacy systems to support the next-generation banking services and speed up their digital transformation. Besides, it assists financial service providers to their customers' trust by operating on a platform.
On the occasion of the launch, Rajesh Awasthi, Associate Vice President, and Global Head, Managed Hosting and Cloud Services, Tata Communications, said, ''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.”