Ghent: GIG Technology, a European software company helping companies to effectively scale their digital infrastructure at the Edge, signed a strategic agreement with the Canadian-Indian Holding, DTM Global, to develop ecosystem around a fintech cloud hub for India and the region.
The cloud hub will be deployed at the heart of the Indian fintech ecosystem as part of DTM’s FinteGration strategy, and offer robust financial technology infrastructure to turbo charge the Digital India initiative of the government and enabling the digital aspirations of the companies in the country. GIG brings the first edge cloud platform helping businesses to automate the delivery of any application at any location, at the lowest possible cost, anywhere in the world.
“The lack of local, reliable and robust cloud infrastructure in India is holding the growth of fintech companies back,” says Willem Hendrickx, CEO of GIG Technology. “This partnership enables us to address the complete Indian fintech ecosystem with public and private cloud.”
Edge cloud infrastructure helps digital companies such as the Metropolitan Stock Exchange to further grow and scale their platform, while lowering the overall cloud infrastructure cost and increasing the time to market to make applications available in India and across Asia.
“Our expertise and resources in fintech will take us far beyond solving cloud infrastructure problems,” says Sanjeev Kumar, CEO of DTM Global. “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!”
Hendrickx concludes: “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.”