Tata Communications launches IZOTM Financial Cloud platform in India

Mumbai: Tata Communications, a global digital ecosystem enabler on Tuesday announced the launch of ‘IZOTM Financial Cloud, a purpose-built community cloud platform, enabling next-gen digital transformation, customised to meet the stringent data privacy and protection compliance and security guidelines defined by Indias regulators for the Banking, Financial Services and Insurance (BFSI) sector.

Developed on Tata Communications IZOTM Private Cloud, this platform aids in building an open banking ecosystem that offers BFSI and FinTechs, the foundation to enable advanced digital services. It also allows international banks to expand their footprint in India by meeting the country’s data residency requirements, said a company statement.