BFSI Community Cloud
Because of the increase in cybersecurity vulnerabilities during the pandemic outbreak and lockdown, the Banking, Financial Services, and Insurance (BFSI), sectors have had a difficult two years and counting. In India, 11, 60,000 cyberattacks on the banking sector were reported by the Indian government in 2022, which is three times more from 2019. But ESDS is leaving no stone unturned in overcoming this obstacle faced by the Indian BFSI sector.
Talk to Experts now to get a complete solution for your organization, whether a private cloud works for you, our Banking Community Cloud, or a Hybrid Cloud solution. We are here to give you a solution that will help your organization sail through the next few years without a hitch.
ESDS is the only organization in the country serving more than 450+ banks by offering the most secure BFSI community cloud to upgrade existing infrastructure or build new ones to meet digital banking. Banks now have to ensure that they support the growing digital transactions without compromising security, and here is where ESDS plays a vital role. One of the prominent banks, the Small Industries Development Bank of India (SIDBI), shook hands with ESDS, and today a significant number of Digital initiatives of SIDBI are managed by ESDS. Initiatives like the MUDRA Yojana, Standup India, Udyami Mitra, and PM Swanidhi are fully managed by ESDS. In the last 8 years, a total of a whopping Rs 19.22 trillion loans have been sanctioned to 353 million people in India under the MUDRA Yojana, to which ESDS has been a strong support. ESDS has also played a crucial role in the Digital Transformation of Hundreds of NBFCs, Cooperative banks, and other Fintech organizations in India and abroad. The top 5 Banks of Bahrain use ESDS’ Managed Services to manage their on-premise Private Cloud. Our knowledge of Private and Hybrid Cloud solutions for the BFSI sector is unmatched in the Industry.
ESDS offers cloud solutions to Cooperative Banks, Regional Rural Banks, Public Sector Banks, PSUs, Commercial Banks, Government Banks, and Local Area Banks with more than 200 million customers nationwide. ESDS established the world's first BFSI Community Cloud, which now connects over 280+ cooperative banks in India; this concept proved incredibly valuable to the country's cooperative banking industry. ESDS provides all banking infrastructure and solutions on a hosted model, providing a solution under one roof. Designed to meet the most basic requirements in any banking environment, ESDS has developed the BFSI Community Cloud that empowers banks and financial institutions to assist in fast delivering end-to-end digital banking experiences while leveraging innovative technology solutions. From mobile payments to digital wallets, ESDS has enabled banks to digitize operations, update digital experiences, and create new innovative digital capabilities.
Compared to on-premise solutions, BFSI community cloud architecture provides much-needed compliance and a secure cloud environment for BFSI organizations that cannot spend huge budgets like the big banks. ESDS safeguards hardware and equipment across geographies, availability zones, and edge locations. We design, deliver, and maintain the IT infrastructure of banks by protecting endpoints, storage, databases, networking software, etc.,
Compliance is essential to running a community cloud in the banking and financial services industry (BFSI). Maintaining trust and securing the sensitive data that is frequently stored and processed in a community cloud requires ensuring compliance with relevant laws, regulations, and standards.
ESDS' BFSI community cloud is Payment Card Industry Data Security Standard (PCI DSS), the General Data Protection Regulation (GDPR), and RBI guidelines compliant. The compliance safeguards data and assures the security of the BFSI community cloud. Besides this, we have all the necessary Compliances and certifications like ISO 9001, ISO 27001, ISO 20001, ISO 22301:2012, SOC1, SOC2 and SOC3
The ESDS' BFSI (Banking, Financial Services, and Insurance) community cloud offers dynamic IT governance to the BFSI sector in India. ESDS' Indian Datacenters are specifically designed to protect business-critical information of the Indian Banks within the Indian borders. The adoption of this BFSI community cloud has transformed the traditional image of the BFSI sector, known for its complicated IT infrastructure and paperwork, into a paperless workplace with digitized services by automating various functions.
To meet the end-to-end demands of RDCCB banks, ESDS provided BFSI Community Cloud with an innovative Application Service Provider (ASP) model. More than 320 private, PSU, microfinance, district central cooperative, rural, and scheduled banks are hosted on the ESDS BFSI Community Cloud. BFSI Community Cloud complies with all regulations, including PCI DSS, ISO 27001:2013, ISO 20000-1:2011, and ISO 22301:2012.
To know how the BFSI community cloud can make your BFSI industry flourish, talk to our Solution Architects.Are you looking for the right place to get BFSI Community Cloud Solution?
It's ESDS all the way! Our patented vertical auto-scaling technology allows most PSU and BFSI clients to host their business-critical applications on the tailored BFSI community cloud.
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