{"id":15950,"date":"2024-11-25T13:09:46","date_gmt":"2024-11-25T13:09:46","guid":{"rendered":"https:\/\/www.esds.co.in\/blog\/?p=15950"},"modified":"2024-11-25T13:14:49","modified_gmt":"2024-11-25T13:14:49","slug":"financial-inclusion-through-bfsi-community-cloud-platforms","status":"publish","type":"post","link":"https:\/\/www.esds.co.in\/blog\/financial-inclusion-through-bfsi-community-cloud-platforms\/","title":{"rendered":"Financial Inclusion through BFSI Community Cloud Platforms"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"502\" src=\"https:\/\/www.esds.co.in\/blog\/wp-content\/uploads\/2024\/11\/BFSI-blog-1024x502.png\" alt=\"\" class=\"wp-image-15952\" srcset=\"https:\/\/www.esds.co.in\/blog\/wp-content\/uploads\/2024\/11\/BFSI-blog-1024x502.png 1024w, https:\/\/www.esds.co.in\/blog\/wp-content\/uploads\/2024\/11\/BFSI-blog-300x147.png 300w, https:\/\/www.esds.co.in\/blog\/wp-content\/uploads\/2024\/11\/BFSI-blog-150x74.png 150w, https:\/\/www.esds.co.in\/blog\/wp-content\/uploads\/2024\/11\/BFSI-blog.png 1280w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Access to valuable and affordable financial products and services for people and businesses is critical to economic development. Therefore, BFSI <a href=\"https:\/\/www.esds.co.in\/blog\/what-is-community-cloud-make-the-most-out-of-esds-community-cloud\/\">Community Cloud<\/a> is slowly being realized as an integral enabler of financial inclusion, particularly among the vast, underserved rural and semi-urban masses. Financial institutions could easily reach previously excluded people by tapping into cloud-based solutions such as mobile banking applications, digital wallets, and micro-lending platforms.<\/p><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_76 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.esds.co.in\/blog\/financial-inclusion-through-bfsi-community-cloud-platforms\/#Significance_of_BFSI_Community_Cloud\" >Significance of BFSI Community Cloud<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.esds.co.in\/blog\/financial-inclusion-through-bfsi-community-cloud-platforms\/#The_benefits_of_BFSI_Community_Cloud_include\" >The benefits of BFSI Community Cloud include:<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.esds.co.in\/blog\/financial-inclusion-through-bfsi-community-cloud-platforms\/#Cloud_solutions_promoting_financial_inclusion_in_the_BFSI_space\" >Cloud solutions promoting financial inclusion in the BFSI space<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.esds.co.in\/blog\/financial-inclusion-through-bfsi-community-cloud-platforms\/#%C2%B7_Mobile_banking_application\" >\u00b7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mobile banking application<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.esds.co.in\/blog\/financial-inclusion-through-bfsi-community-cloud-platforms\/#%C2%B7_Digital_wallets\" >\u00b7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Digital wallets<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.esds.co.in\/blog\/financial-inclusion-through-bfsi-community-cloud-platforms\/#%C2%B7_Micro-lending_platforms\" >\u00b7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Micro-lending platforms<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.esds.co.in\/blog\/financial-inclusion-through-bfsi-community-cloud-platforms\/#%C2%B7_Savings_and_investment_services\" >\u00b7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Savings and investment services<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.esds.co.in\/blog\/financial-inclusion-through-bfsi-community-cloud-platforms\/#Role_of_ESDS_in_advancing_financial_inclusion\" >Role of ESDS in advancing financial inclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.esds.co.in\/blog\/financial-inclusion-through-bfsi-community-cloud-platforms\/#Comprehensive_cloud_infrastructure\" >Comprehensive cloud infrastructure<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.esds.co.in\/blog\/financial-inclusion-through-bfsi-community-cloud-platforms\/#%C2%B7_Data_security_and_compliance\" >\u00b7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Data security and compliance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.esds.co.in\/blog\/financial-inclusion-through-bfsi-community-cloud-platforms\/#%C2%B7_Real-time_transaction_processing\" >\u00b7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Real-time transaction processing<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.esds.co.in\/blog\/financial-inclusion-through-bfsi-community-cloud-platforms\/#%C2%B7_Innovative_financial_products\" >\u00b7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Innovative financial products<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/www.esds.co.in\/blog\/financial-inclusion-through-bfsi-community-cloud-platforms\/#Advantages_of_BFSI_Community_Cloud_for_financial_inclusion\" >Advantages of BFSI Community Cloud for financial inclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/www.esds.co.in\/blog\/financial-inclusion-through-bfsi-community-cloud-platforms\/#%C2%B7_Accessibility\" >\u00b7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accessibility<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/www.esds.co.in\/blog\/financial-inclusion-through-bfsi-community-cloud-platforms\/#%C2%B7_Reducing_costs\" >\u00b7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reducing costs<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/www.esds.co.in\/blog\/financial-inclusion-through-bfsi-community-cloud-platforms\/#%C2%B7_Empowerment_through_financial_literacy\" >\u00b7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Empowerment through financial literacy<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/www.esds.co.in\/blog\/financial-inclusion-through-bfsi-community-cloud-platforms\/#%C2%B7_Strengthening_economic_growth\" >\u00b7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Strengthening economic growth<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/www.esds.co.in\/blog\/financial-inclusion-through-bfsi-community-cloud-platforms\/#Conclusion\" >Conclusion<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Significance_of_BFSI_Community_Cloud\"><\/span>Significance of BFSI Community Cloud<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><a href=\"https:\/\/www.esds.co.in\/blog\/digital-transformation-in-the-cooperative-sector\/\">BFSI Community Cloud<\/a> is a type of digital banking platform explicitly designed by ESDS Software Solution to address the needs of the banking, financial services, and insurance sectors. An institution can share its infrastructure and resources within a cloud environment and maintain regulation compliance.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_benefits_of_BFSI_Community_Cloud_include\"><\/span>The benefits of BFSI Community Cloud include:<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Cost efficiency:<\/strong> The shared infrastructure reduces the operating costs for smaller banks and financial institutions, allowing them to offer cheaper services to their customers.<\/li>\n\n\n\n<li><strong>Flexibility and scalability:<\/strong> When the demand for financial services increases, this digital banking platform enables institutions to scale up their offerings quickly in response to market changes without massive capital investment.<\/li>\n\n\n\n<li><strong>Robust security:<\/strong> Cloud technology in banking is one area that provides a safe banking platform that is strictly complied with by the industries where critical financial information is provided with customer trust.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Cloud_solutions_promoting_financial_inclusion_in_the_BFSI_space\"><\/span>Cloud solutions promoting financial inclusion in the BFSI space<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The introduction of cloud computing in banking is vital since financial inclusion can be extended more widely to customers, and such financial services also become better in accessibility and efficiency. Let&#8217;s see below how these cloud technologies in banking add on the benefits:<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"502\" src=\"https:\/\/www.esds.co.in\/blog\/wp-content\/uploads\/2024\/11\/Promoting-financial-1024x502.png\" alt=\"\" class=\"wp-image-15953\" srcset=\"https:\/\/www.esds.co.in\/blog\/wp-content\/uploads\/2024\/11\/Promoting-financial-1024x502.png 1024w, https:\/\/www.esds.co.in\/blog\/wp-content\/uploads\/2024\/11\/Promoting-financial-300x147.png 300w, https:\/\/www.esds.co.in\/blog\/wp-content\/uploads\/2024\/11\/Promoting-financial-150x74.png 150w, https:\/\/www.esds.co.in\/blog\/wp-content\/uploads\/2024\/11\/Promoting-financial.png 1280w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%C2%B7_Mobile_banking_application\"><\/span>\u00b7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mobile banking application<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Cloud-based mobile banking applications enable users to conduct their banking anywhere, anytime. This is most useful in rural areas that have limited banks. Using these applications, it becomes easy to open accounts, transfer money, and perform other account management, bridging the gap between being banked and unbanked.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%C2%B7_Digital_wallets\"><\/span>\u00b7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Digital wallets<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Cloud technology in banking allows digital wallets to power cashless transactions, facilitating ease in payments and money transfers for people. Cashless transactions ensure a more inclusive financial system while saving habits among wallet users.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%C2%B7_Micro-lending_platforms\"><\/span>\u00b7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Micro-lending platforms<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>BFSI Community Cloud is an innovative microlending solution for the underserved population. The advanced algorithms used in such cloud banking platforms help assess creditworthiness using alternative data, extending credit to individuals and small businesses that traditional lenders may overlook.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%C2%B7_Savings_and_investment_services\"><\/span>\u00b7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Savings and investment services<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Cloud-based financial services make saving and investing effortless for anyone with low initial capital. Low-priced savings accounts and investment instruments provided via community clouds would enable the users to fulfill their financial goals.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Role_of_ESDS_in_advancing_financial_inclusion\"><\/span>Role of ESDS in advancing financial inclusion<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>ESDS Software Solutions has become the market leader in <a href=\"https:\/\/www.esds.co.in\/blog\/indias-banking-community-cloud\/\">BFSI community cloud<\/a>, enabling financial inclusion for all Indians. Innovative offerings from ESDS help financial institutes reach out to the unbanked population and intensify service delivery efficiently.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"502\" src=\"https:\/\/www.esds.co.in\/blog\/wp-content\/uploads\/2024\/11\/Role-of-BFSI-1024x502.png\" alt=\"\" class=\"wp-image-15954\" srcset=\"https:\/\/www.esds.co.in\/blog\/wp-content\/uploads\/2024\/11\/Role-of-BFSI-1024x502.png 1024w, https:\/\/www.esds.co.in\/blog\/wp-content\/uploads\/2024\/11\/Role-of-BFSI-300x147.png 300w, https:\/\/www.esds.co.in\/blog\/wp-content\/uploads\/2024\/11\/Role-of-BFSI-150x74.png 150w, https:\/\/www.esds.co.in\/blog\/wp-content\/uploads\/2024\/11\/Role-of-BFSI.png 1280w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Comprehensive_cloud_infrastructure\"><\/span>Comprehensive cloud infrastructure<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><a href=\"https:\/\/www.esds.co.in\/bfsi-cloud-services\">ESDS<\/a> caters to financial institutions&#8217; various requirements with a flexible and scalable infrastructure for different needs, such as mobile banking applications or banks&#8217; local market-based digital wallets.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%C2%B7_Data_security_and_compliance\"><\/span>\u00b7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Data security and compliance<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Gaining the confidence of customers, especially from underprivileged areas, will be an essential requirement for data safety. All cloud solutions provided by ESDS are compliant with applicable laws and ensure the safeguarding of customer data and financial transaction integrity.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%C2%B7_Real-time_transaction_processing\"><\/span>\u00b7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Real-time transaction processing<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>With edge computing technology, ESDS enables faster and more reliable transaction processing. This ability will help ensure a frictionless user experience, specifically in areas where connectivity might not be constant while giving customers access to services without lag or interruption.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%C2%B7_Innovative_financial_products\"><\/span>\u00b7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Innovative financial products<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>ESDS&#8217;s collaboration with other financial institutions has focused primarily on designing and then launching new products that address the underserved population. Therefore, ESDS, through these customizable digital banking solutions <a href=\"https:\/\/www.esds.co.in\/blog\/best-practices-for-migrating-to-a-banking-community-cloud\/\">migrating to banking community cloud<\/a>, assists its bank customers in meeting and enhancing their vision to attract and serve the maximum number of clients using their services.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Advantages_of_BFSI_Community_Cloud_for_financial_inclusion\"><\/span>Advantages of BFSI Community Cloud for financial inclusion<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The overall vital benefits that are productive toward financial inclusion are as follows:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%C2%B7_Accessibility\"><\/span>\u00b7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accessibility<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Cloud-based solutions ensure that financial services are accessible to everybody, even those in remote places. Mobile banking and digital wallets have broken geographical boundaries by making access to financial services easy.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%C2%B7_Reducing_costs\"><\/span>\u00b7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reducing costs<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Community clouds are shared, reducing financial institutions&#8217; operating costs and enabling them to offer cost-effective products and services to consumers who need them.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%C2%B7_Empowerment_through_financial_literacy\"><\/span>\u00b7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Empowerment through financial literacy<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Cloud solutions can even integrate educational material with financial applications, helping the user understand concepts like saving, investing, and credits. Therefore, they can improve their economic status with proper financial choices.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%C2%B7_Strengthening_economic_growth\"><\/span>\u00b7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Strengthening economic growth<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Community clouds of BFSI enhance economies in terms of financial development by facilitating financial inclusion. The more access holders to financial services, the better the economy because every individual becomes a stimulator and aids in the augmented creation of economic activity in society, which leads to steady growth.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Financial inclusion is extremely important to economic development and supporting individuals. BFSI Community Cloud is changing the face of delivering financial services, making them accessible, affordable, and secure. With innovative cloud computing in banking, financial institutions can reach those not yet on the radar of economic stability.<\/p>\n\n\n\n<p>One of the major participants in this revolution is the company ESDS Software Solutions, which offers <a href=\"https:\/\/www.esds.co.in\/blog\/heres-280-indian-banks-chose-esds-banking-community-cloud-services\/\">stronger community cloud solutions<\/a> to provide greater outreach to financial institutes. Embracing cloud-based solutions would lead the BFSI industry towards a relatively open financial environment wherein everyone contributes to the economy.<\/p>\n\n\n\n<p>It is a need and strategic imperative of an age when technology prescribes the future of finance.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Access to valuable and affordable financial products and services for people and businesses is critical to economic development. Therefore, BFSI Community Cloud is slowly being realized as an integral enabler of financial inclusion, particularly among the vast, underserved rural and semi-urban masses. Financial institutions could easily reach previously excluded people by tapping into cloud-based solutions&#8230; <\/p>\n<div class=\"clear\"><\/div>\n<p><a href=\"https:\/\/www.esds.co.in\/blog\/financial-inclusion-through-bfsi-community-cloud-platforms\/\" class=\"gdlr-button small excerpt-read-more\">Read More<\/a><\/p>\n","protected":false},"author":85,"featured_media":15956,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3777],"tags":[2920,3712,2627,504,446,344,1789,3778,149,3664],"class_list":["post-15950","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bfsi-community-cloud","tag-bfsi-community-cloud","tag-bfsi-industry","tag-cloud-computing-in-banking","tag-cloud-solution","tag-cloud-solutions","tag-cloud-technology","tag-community-cloud","tag-digital-banking-platform","tag-esds","tag-esds-software-solution"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.esds.co.in\/blog\/wp-json\/wp\/v2\/posts\/15950","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.esds.co.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.esds.co.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.esds.co.in\/blog\/wp-json\/wp\/v2\/users\/85"}],"replies":[{"embeddable":true,"href":"https:\/\/www.esds.co.in\/blog\/wp-json\/wp\/v2\/comments?post=15950"}],"version-history":[{"count":2,"href":"https:\/\/www.esds.co.in\/blog\/wp-json\/wp\/v2\/posts\/15950\/revisions"}],"predecessor-version":[{"id":15957,"href":"https:\/\/www.esds.co.in\/blog\/wp-json\/wp\/v2\/posts\/15950\/revisions\/15957"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.esds.co.in\/blog\/wp-json\/wp\/v2\/media\/15956"}],"wp:attachment":[{"href":"https:\/\/www.esds.co.in\/blog\/wp-json\/wp\/v2\/media?parent=15950"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.esds.co.in\/blog\/wp-json\/wp\/v2\/categories?post=15950"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.esds.co.in\/blog\/wp-json\/wp\/v2\/tags?post=15950"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}