Exclusive-India cenbank plans 2025 launch of cloud services, countering dominance of global firms

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Exclusive-India cenbank plans 2025 launch of cloud services, countering dominance of global firms - Channel News Asia

Quick Summary:

MUMBAI : India's central bank will launch a pilot programme in 2025 offering local cloud data storage to financial firms at affordable prices, according to two sources aware of the matter, who declined to be identified as conversations are confidential.

A logo of the Reserve Bank of India (RBI) is seen during the Global Fintech Fest in Mumbai, India, August 29, 2024.

The RBI has invited only companies incorporated in India with prior experience of building cloud-related solutions to bid for the project, as per a procurement document published on IFTAS website in October.