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As one of the significant and rapidly developing technologies,
cloud computing has empowered numerous other disruptive
technologies such as big data, artificial intelligence (AI), the
internet of things (IoT), and others. It has reformed many core
banking processes, offering a heap of benefits, including cost
savings, usage-based pricing in insurance, business progression
in the financial sector, agility in customer service,
interoperability in payments, and secure storage of BFSI data,
among others.
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