RBI aims to launch cloud services in 2025 to counter global dominance: Report

The Reserve Bank of India is launching a pilot program in 2025 to offer affordable data storage to financial institutions. This cloud platform, utilizing local IT firms, aims to provide a cost-effective alternative to foreign-dominated services and will be expanded in phases, focusing on smaller firms.

RBI aims to launch cloud services in 2025 to counter global dominance: Report

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The Reserve Bank of India is launching a pilot program in 2025 to offer affordable data storage to financial institutions. This cloud platform, utilizing local IT firms, aims to provide a cost-effective alternative to foreign-dominated services and will be expanded in phases, focusing on smaller firms.