February 2017

Data Centre, Cloud Ensuring Security for BFSI

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Dr Ravi Gupta

With the modern technology influencing nearly all sectors in India, the BFSI sector is perhaps the most significant one of them. In the wake of recent incidents of data breaches, data storage is slowly but steadily overwhelming a big section of business fraternity’s mindset.

Our cover story ‘Security BFSI Digital Space with Cutting-Edge Tech’ has attempted to explore the world of datacenters and cloud – the modern-day technologies safeguarding important data of internet-driven companies.

It explores the world of data centres, narrating the various ifs and buts linked with them while highlighting why these are actually worth relying upon, depending on any organisation’s infrastructural limitations and security needs.

On the other hand, realising the importance of tech leaders in the BFSI spectrum, Elets Technomedia has organised “BFSI Data Centre Summit” at Trident hotel, Bandra Kurla, Mumbai, on 2nd March, 2017. This summit becomes all the more relevant as the country is witnessing digital payment revolution and the managers of the data centre ecosystem too becomes more important.

Our special stories such as ‘Payments Banks – The New Age Banking’; ‘Cloud Technology: Rehashing the Banking Processes’; ‘Demonetisation: A Defining Moment for India’ and ‘Small Finance Banks: Transforming Banking in India’ touch on various others important issues concerning the banking and financial sector.

The latest issue also carries a number of interviews of business leaders linked to data centres, cooperative banks and insurance companies. The idea was to highlight their viewpoints to share how such companies are driving transformation in India. Explaining their line of products and services, they give new insights into why using their services can make a difference to the BFSI sector.

As the Indian BFSI sector has been burgeoning in various ways, ever since technology began effecting a major change in maintaining enormous data and large volume transactions, there is also a growing risk of getting exposed to various security threats and breaches. With the concern for technology-related threats and challenges on the rise, it was felt an opportune time to organise “The BFSI Security Summit 2016” recently.

The conference aimed to highlight security perspectives in the banking and finance domain and place the BFSI industry at the forefront of a comprehensive, global approach to take the IT and Security needs head on while touching upon the challenges in managing the security risk.

With such a bouquet of special stories, interviews, and articles we hope our endeavour in this February issue would a useful contribution in narrating the big story of Indian transformation.

Looking forward to our readers’ invaluable feedback.

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