New Delhi, April 23 -- NxtGen, India's leading sovereign cloud services provider, has launched its Financial Services Cloud (FSC) - the country's first sovereign cloud purpose-built for the Banking, Financial Services, and Insurance (BFSI) sector.

The NxtGen FSC addresses the urgent need for a localized, regulation-compliant cloud infrastructure in a sector governed by 400+ controls and oversight from six regulatory bodies, including RBI, SEBI, IRDAI, MeitY, NPCI, and Cert-In."India's financial sector is at a digital crossroads - torn between the need to modernize and the risks of regulatory and jurisdictional exposure," says A. S. Rajgopal, MD & CEO of NxtGen Cloud Technologies. "With NxtGen FSC, we're empowering financial institutions ...