Reaction Quote - RBI Government Proposed to Establish Cloud Facility for FIs in India by V. Balasubramanian, CEO, FSS Cash Tech
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Below the Reaction Quote by V. Balasubramanian, CEO, FSS Cash Tech
“RBI's proposal to establish a cloud facility for the Indian financial sector is a move in the right direction. We've seen numerous instances of data breaches and all of us understand the importance of keeping customer data secure. Cloud technology is known to enhance privacy through its homogeneous architecture and centralised security, and guard against DDoS attacks.
FSS has also recognized that cloud technology is the way forward in digital payments, which is why we have built FSS Blaze. In a world that is becoming increasingly digital, a cloud facility will be a win-win for everyone involved – regulators, companies and customers. RBI’s move will accelerate the cloud movement in India, pushing for more Made in India Initiatives, we should have Bharat Cloud even for payments in India.”
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