Challenges remain, but India better equipped to move to Cloud: Experts

Cloud, generative AI (artificial intelligence), hyperscalers, high-redundancy data centres. Technology jargon like these have become a common lexicon for the banking and fintech industry in India. At the Business Standard BFSI Insight Summit, a panel discussed how Cloud and data centres have allowed banking, financial services and insurance (BFSI) and fintechs to ride the challenging wave of Covid-19.

The discussion, titled ‘Using cloud & data centres to mitigate disruption and address security challenges’, involved top industry players — Ranjeet Bellary, partner, EY; Raghavendra Singh, Global Head - Cloud Security Centre of Excellence of Cyber Security Practice, Tata Consultancy Services; Prakash