Purpose-built for BFSI compliance and sovereignty
NxtGen, a prominent sovereign cloud services provider, has launched India’s first Financial Services Cloud (FSC), a dedicated platform tailored for the Banking, Financial Services, and Insurance (BFSI) industry. This marks a major milestone in India’s digital infrastructure, addressing growing concerns about data sovereignty and regulatory compliance amid increasing scrutiny.
The FSC has been designed with a strong focus on data residency, ensuring that all data remains within India. It offers an alternative to global cloud hyperscalers by eliminating exposure to foreign jurisdictions such as those governed by the U.S. CLOUD Act and FISA 702.
Built to Withstand Regulatory Pressure
According to AS Rajgopal, MD & CEO of NxtGen Cloud Technologies, “The Indian financial sector is at a digital crossroads caught between the need to modernise and the risk of regulatory and jurisdictional exposure.” The FSC directly addresses this challenge.
The platform is engineered to comply with over 400 regulatory controls from six critical regulatory bodies — RBI, SEBI, IRDAI, MeitY, NPCI, and Cert-In. It also features pre-integrated compliance frameworks and grants financial institutions the “right to audit,” enabling them to independently verify security and compliance at the infrastructure level.
Advanced Security and Performance Capabilities
NxtGen FSC includes an array of security features such as privileged access management (PAM), database activity monitoring (DAM), hardware security modules (HSM), and a software bill of materials (SBOM). These are supported by 24×7 managed compliance services, ensuring a robust security posture.
Resilience is another cornerstone of the platform, offering disaster recovery and business continuity through geo-redundant infrastructure. Customised recovery options further enhance its utility for financial institutions.
Enabling the FinTech Ecosystem
The platform also supports secure, regulation-ready integrations with FinTech partners. This capability is expected to encourage innovation while maintaining compliance across a growing network of digital financial services.
Performance-wise, the FSC has been benchmarked to exceed the offerings of global cloud providers. This makes it a high-performance, future-ready solution that meets both scalability and security needs.
Industry Adoption Underway
The FSC is already attracting interest from a wide range of financial institutions — from traditional public sector banks to emerging NBFCs and digital-first insurers. As the regulatory environment becomes more complex, these organisations are increasingly looking for solutions that prioritise compliance without sacrificing agility or performance.
With the launch of FSC, NxtGen reinforces its position as a frontrunner in sovereign cloud infrastructure and offers India’s financial ecosystem a secure and scalable path toward digital transformation.
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