NTT DATA and IBM Partner to Launch SimpliZCloud for Financial Services in India [Video]

NTT DATA and IBM are expanding their partnership to launch SimpliZCloud, a new hybrid cloud service to address the computing needs of financial services organizations in India. Built on IBM’s LinuxONE platform, SimpliZCloud is built to handle critical financial applications such as core banking, lending and risk management systems.

This service will offer advanced performance and security, helping organisations consolidate their computing resources while reducing overall costs. By using a subscription model, SimpliZCloud will aim to eliminate the need for large upfront investments in hardware, allowing businesses to avoid costly maintenance and capital expenses.

“SimpliZCloud enables financial institutions to make significant progress in their cloud transformation journey. Critical applications, especially those using AI and machine learning, will now have access to infrastructure that far outperforms traditional x86 architectures,” said Avinash Joshi, CEO of NTT …