NTT DATA and IBM have lately collaborated and it is considered as an important moment in the financial sector. The partnering has come up with the launch of a hybrid cloud solution named SimpliZCloud. The primary focus is to modernize infrastructure of financial institutions.
SimpliZCloud is built on the LinuxONE platform of IBM and it addresses some of the most critical needs in the financial sector. It is based on reliable performance and robust security. Financial services have long been burdened with maintaining legacy systems.
It is a subscription-based model and financial institutions can now bypass large capital expenditures with it. They can adopt a more flexible as well as scalable cloud solution.
One of the most compelling features of SimpliZCloud is its AI-ready infrastructure. NTT DATA India CEO Avinash Joshi said that the platform offers an opportunity for financial institutions to leverage AI and machine learning to their fullest potential. The role of AI in financial services is a futuristic concept and it is a necessity. It is highly required in areas like risk management, fraud detection and personalized customer services. Many financial organizations have struggled to integrate AI due to inadequate infrastructure. SimpliZCloud is directly addressing the gap and offering a solution that outperforms traditional x86 architectures as well as brings AI into the mainstream of financial operations.
Security remains a top concern in the financial sector. The Confidential Computing of SimpliZCloud equipped with its encryption capabilities for data at rest and in transit offers a level of trust that is critical for financial institutions.
Some of the recent initiatives of NTT DATA, such as the Accelerated AI and Edge AI platforms, are demonstrating broader vision of the company to integrate advanced technology across industries. The approach encompasses real-time analytics and also the Industry 4.0 technologies. It perfectly aligns with the needs of financial services.
