IBM and NTT Data Launches SimpliZCloud to Revamp India’s Financial Services Sector

IBM, NTT Data

IBM and NTT DATA have forged a partnership in India and introduced SimpliZCloud, a fully managed cloud service built on IBM LinuxONE designed for the Indian financial services sector. Targeting critical workloads such as core banking applications, lending, and risk management, the platform offers financial institutions a scalable and secure infrastructure to enhance performance and optimise operational costs.

SimpliZCloud leverages AI and hybrid cloud technologies, providing dedicated compute and storage resources with Software Defined Networking (SDN). The platform allows financial institutions to manage evolving applications efficiently, supporting increasing workloads without compromising performance.

With a focus on reducing enterprise software license costs and infrastructure investments, the platform is expected to drive significant digital transformation in the sector.

“With SimpliZCloud, enterprises, especially financial institutions now have the power to make a generational shift in their cloud transformation journey. Critical business applications, especially those infused with AI and 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. This launch represents our continued commitment to supporting our clients’ ambitions for innovation and digital transformation,” said Avinash Joshi, Chief Executive Officer, India, NTT DATA, Inc. “I’m proud of the work our teams at NTT DATA and IBM have done in bringing this service to our clients and look forward to the transformative outcomes of this collaboration.”

“Over the years, with the IBM LinuxONE platform, IBM has delivered much-needed security, scalability, reliability and performance to help India’s leading financial institutions manage their mission-critical workloads safely and sustainably. By bringing SimpliZCloud to modern enterprises, we are continuing our commitment to help them adopt a hybrid-by-design approach. With SimpliZCloud, financial institutions can leverage a highly secure, high-performance platform and robust infrastructure to harness the benefits of AI and hybrid cloud to manage their evolving applications and workloads,” said Viswanath Ramaswamy, Vice President, Technology, IBM India & South Asia.

This launch follows a series of collaborations between NTT DATA and IBM, including a Center of Excellence (CoE) for IBM watsonx generative AI, established earlier this year to drive AI innovation in India.

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