It also allows international banks to expand their footprint in India by meeting the country's data residency requirements, said a company statement.With IZOTM 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. "This purpose-built cloud platform will assist financial organisations to modernise their legacy systems to support the next-gen banking services and accelerate their digital transformation. ""We at Tata Communications recognise the journey they are undertaking and aim to assist the financial industry with a catalytic solution. IZOTM 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. "According to the company, the IZOTM Financial Cloud will help mature the BFSI industry and make it conducive for constant innovation.

Source: Economic Times June 30, 2021 09:22 UTC