NTT and IBM’s SimpliZCloud to support data for financial services

Key Takeaways

NTT Data and IBM launched SimpliZCloud, a hybrid cloud service designed to support critical workloads in sectors like financial services.

The platform aims to reduce total cost of ownership (TCO) through compute consolidation and license optimization, particularly for core banking and lending applications.

SimpliZCloud provides a secure, scalable infrastructure for businesses undergoing cloud transformation, with a focus on compliance and performance improvements for applications utilizing AI and ML.

NTT Data and IBM unveiled a hybrid cloud service, SimpliZCloud in Mumbai, India on September 18 to support critical workloads in sectors like financial services.

The system, which is built on IBM’s LinuxONE is touted to lower the total cost of ownership (TCO) through compute consolidation and license optimization for core banking and lending and risk applications.

The hybrid cloud will support businesses in cloud transformation objectives like agile infrastructure for traditional enterprise loads, fully managed and ready to deploy container solutions on a flexible cloud platform, and a strong infrastructure for applications and businesses that are governed by strict compliance or regulatory guidelines.

Explore related questions

Avinash Joshi, chief executive officer, India, NTT DATA said during the launch that financial institutions can significantly improve their cloud transformation journey by adapting SimpliZCloud. “Critical business applications, especially those infused with artificial intelligence (AI) and machine learning (ML) will now have the infrastructure to support performance far ahead of the traditional x86 architectures all in a fully managed, as-a-service model,” Joshi said.

Viswanath Ramaswamy, Vice President, Technology, IBM India & South Asia noted that by bringing SimpliZCloud to modern enterprises, the two companies continued its commitment to help them adopt a hybrid-by-design approach.

The cloud platform is powered by Software Defined Networking (SDN) to provide a secure, integrated and scalable architecture for dedicated compute and storage resources and is touted to enhance the system’s performance considerably.