NTT DATA and IBM Partner to Launch SimpliZCloud for Financial Services in India
NTT DATA and IBM are expanding their partnership to launch SimpliZCloud, a new hybrid cloud service to address the computing needs of financial services organizations in India. Built on IBM’s LinuxONE platform, SimpliZCloud is built to handle critical financial applications such as core banking, lending and risk management systems. This service will offer advanced performance and security, helping organisations consolidate their computing resources while reducing overall costs. By using a subscription model, SimpliZCloud will aim to eliminate the need for large upfront investments in hardware, allowing businesses to avoid costly maintenance and capital expenses. “SimpliZCloud enables financial institutions to make significant progress in their cloud transformation journey. Critical applications, especially those using AI and machine learning, will now have access to infrastructure that far outperforms traditional x86 architectures,”  said Avinash Joshi, CEO of NTT DATA India. SimpliZCloud is equipped with secure, scalable infrastructure, featuring software defined networking (SDN) to improve performance. It also includes Confidential Computing, which protects data while it is in use, and encryption features to secure data at rest and in transit. The platform supports enterprise-wide cloud transformation, enabling businesses to reduce their data center footprint and enhance sustainability efforts. NTT DATA had also launched a new Accelerated AI Platform along with Edge AI platform in July designed to speed up the integration of IT and operational technology. The platform brings AI processing closer to where data is generated, enabling faster decision-making and more efficient operations. By unifying various IoT devices, systems, and data, this fully managed solution supports real-time analytics, secure AI deployment, and the advancement of Industry 4.0 technologies across different industries. SimpliZCloud will support financial institutions in modernizing their IT systems while adhering to regulatory guidelines and improving overall efficiency. Viswanath Ramaswamy, Vice President of Technology at IBM India & South Asia, added, “SimpliZCloud provides a secure, high performance platform to help financial institutions manage their workloads in the cloud. It enables them to adopt AI and hybrid cloud technologies to meet evolving business needs.”
SimpliZCloud will provide secure, scalable infrastructure with SDN for better performance, data encryption and Confidential Computing.
SimpliZCloud will provide secure, scalable infrastructure with SDN for better performance, data encryption and Confidential Computing.
["IBM", "NTT data"]
["API", "machine learning", "AI", "Scala", "GAN", "Aim", "analytics", "IBM", "edge AI", "real-time analytics", "NTT data", "R"]
["AI", "machine learning", "analytics", "Aim", "edge AI", "R", "Scala", "API", "real-time analytics", "GAN"]
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