New IBM India platform empowering banks to brave Cloud journey

New Delhi, Aug 23 For those financial institutions including banks in the country that are still hesitant to embark on a Cloud journey for complete digital transformation due to genuine apprehensions emanating from safety and regulatory concerns, there is help at hand, say IBM India executives.

Banks know well that embracing the Cloud ecosystem can open the floodgates to innovations that can drive growth, increase efficiencies and more importantly, make the customers happier.

But the sensitivity of the data that they handle and the regulatory framework within which they must operate tend to sap their confidence.

However, IBM has a Cloud service precisely to address these concerns, two top executives of the company said.

"The world's first FSS

( With inputs from IANS )