GIG introduced the first edge cloud platform that would help the companies to automate the delivery of any application, at the lowest possible cost
European software company GIG Technology has inked a strategic agreement with Indian-Canadian Holding, DTM Global for developing an ecosystem around financial technology (fintech) cloud hub for India and Asian region.
As part of FinteGration strategy of DTM, the cloud hub will be installed at the heart of the fintech ecosystem of India. The cloud hub would offer robust infrastructure for financial technology to turbo charge the initiative of Indian Government – the Digital India, by enabling the digital objectives of the industries in the country.
GIG introduced the first edge cloud platform that would help the companies to automate the delivery of any application, at the lowest possible cost and at any location, anywhere in the world.
To address Indian fintech ecosystem
Commenting on the partnership, Willem Hendrickx, CEO, GIG Technology, said, “The lack of local, reliable and robust cloud infrastructure in India is holding the growth of fintech companies back. This partnership enables us to address the complete Indian fintech ecosystem with public and private cloud.”
“Furthermore, we are already bundling our technology expertise and started to provide our GIG partners with distribution capacity of an enterprise-grade cyber security solution for Latin America, Europe, the Middle East and Africa using DTM Global,” added Hendrickx.
Sanjeev Kumar, CEO of DTM Global, said, “Our expertise and resources in fintech will take us far beyond solving cloud infrastructure problems. The ambition is to develop a new market and cloud economy, driven by a derivative marketplace bringing buyers and sellers of edge cloud capacity together on a single exchange, the world’s first ever cloud exchange.”
The infrastructure of edge cloud helps digital firms like the Metropolitan Stock Exchange to scale up and grow their platform. On the other hand, it helps the companies to lower their overall cost of cloud infrastructure and increase the time to market the available applications in India and across Asian region.