UAE Business: Alibaba Cloud unveils financial services solutions – Gulf Digital News

UAE Business: Alibaba Cloud unveils financial services solutions – Gulf Digital News

Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, has launched its suite of Alibaba Cloud for Financial Services solutions, comprising over 70 products.

The products are designed to help financial services institutions (FSIs) of all sizes across banking, insurance, securities, and FinTech digitalise their operations.

These solutions are designed to support every stage of a FSI’s digital journey and provide easy access to cutting-edge cloud-native technology. Together, they deliver five core capabilities covering over 20 business scenarios to improve FSIs’ operational efficiency, customer experience, security and compliance:

Robust and elastic

Security and compliance solutions give FSIs confidence that they are operating in compliance with regional and industry-specific security and regulatory requirements.

Agility in business application development is achieved through a wide range of financial-grade cloud tools, middleware and distributed database products for developing cloud native applications, as well as the ability for FSIs to manage workloads through Alibaba Cloud’s public and hybrid cloud platforms, their own premises or via multi-cloud environments in a scalable and flexible way.

Digital onboarding and servicing leverages various Software-as-a-Service (SaaS) and hybrid cloud deployments to support mobile and digital operations, remote video-based sales platforms and an electronic know-your-customer (eKYC) solution, helping FSIs verify and onboard users online anytime