- Needed to provide cutting-edge cloud banking to their wide variety of clients, each with unique, diverse needs
- The solution must provide the fastest go-to-market time
- Needed unquestioned safety and security
- Must be highly scalable
- Required a flexible licensing model
- Struggled to find an appropriate industrial-grade enterprise solution with all of the above qualities
Indian Financial Technology & Allied Services (IFTAS) evolved out of India’s IDRBT (Institute for the Development & Research in Banking Technologies) and has been operating as a distinct registered organization since February 2015.
Their customers include various small and midsized co-operative banks (UCB’s, RRB’s, etc.) spread across the country. Among their many services IFTAS operates IBCC, the most trusted cloud platform for banks and financial institutions in India.
Charged with providing cutting edge banking solutions in the cloud, IFTAS needed to juggle between making optimal use of cloud infrastructure; meeting the needs of multiple clients (opting for the various solutions offered). Offering the fastest go-to-market time for their clients was equally challenging.
IFTAS knew that implementing solutions in the cloud, in a multi‑tenant model cloud was the only way to create a win-win, optimal situation for its customers.
“For our cloud‑based digital banking solutions, which are mainly OLTP (online transaction processing), we needed a safe, secure, scalable and robust enterprise RDBMS,” explains Srinivasan.