Beyond a set of challenges related to privacy and security issues, for those are unfamiliar, the BFSI sector is an information-intensive sector, and is spending aggressively on ICT. Banking products and services are embracing the digital technologies with the goal to enhance end-user experiences and to speed up transactions.
However, one can also observe that, many banks and
financial institutions still use legacy systems and a large portion of their IT
budgets are channelized towards its maintenance.
On this environment, Cloud-based IT management solutions bring up
unprecedented reduced costs, flexibility, performance, security, agility and
productivity the BFSI sector needs.