Amazon Web Services (AWS) HDFC Securities has launched its mobile trading app, HDFC Sky, on the AWS cloud.
Banking & Finance
Amazon Web Services (AWS) HDFC Securities, one of the leading investment service providers in India, has launched its mobile trading app, HDFC Sky, on the AWS Cloud. With AWS, HDFC Securities expects to reduce its annual IT infrastructure and management costs by up to 50 percent compared to using on-premises infrastructure. Amazon's cloud computing unit, AWS, recently outlined plans to invest USD 12.7 billion in cloud infrastructure in the country by 2030 as it looks to meet the growing customer demand for cloud services. HDFC Sky serves 75 million customers and all HDFC group companies, investors and traders on trading of stocks, commodities, futures, currencies, initial public offerings (IPOs), mutual funds and exchange-traded funds (ETFs). Is. Vaishali Kasture, director and country leader, commercial sales, AWS India and South Asia, said the financial services industry in South Asia is increasingly using cloud technology and AI to deal with the growing demand from sophisticated retail investors.
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