The digital revolution in fintech, according to Siddharth Mehta, is being driven by the cloud.

 Cloud computing has had a big impact on the Fintech sector. Financial services firms can now access, store, and analyze data more quickly, securely, and effectively than in the past thanks to cloud computing. According to Siddharth Mehta, chief information officer at Bay Capital, Fintech firms today have many options and are able to create cutting-edge goods, services, and technology that are changing the financial landscape.
 
 When using cloud computing, remote servers and services are used instead of local servers or physical devices. It allows users to access information and programs via the internet or other distant networks. The implication is that companies may opt for a cloud-based solution rather than, say, having to buy, set up, and maintain an on-site chat server.
 The burgeoning fintech industry has more unicorns than any other sector, according to Siddharth Mehta IL&FS. Fintech is becoming more and more compelled to use cloud technology because of the enormous volumes of data that must be properly managed, preserved, and processed. The nature of the financial technology industry places a strong emphasis on speed, scalability, agility, and accountability for the custody of sensitive data. They build, develop, and maintain cloud-native applications there.
 
 Check out this article as well:  https://theprint.in/ani-press-releases/the-pandemic-has-accelerated-growth-in-the-digital-space-says-siddharth-mehta-former-director-ilfs/895259/

As these cloud-native infrastructure apps were created with the cloud in mind, it is simpler to deploy new features and solutions. On-premises applications are nonetheless out of place in a typical cloud-based environment, claims Bay Capital CIO, and are inappropriate for the environment. They were moved to the cloud.
 
 Because of the constant mobility and speed of transactions, the complexity of cloud-native apps is crucial for financial services solutions. A cloud-native design, for instance, will enable you to scale for more frequent spikes in the volume of transactions to our systems and will give you the groundwork for extending our current platform to include a strong API ecosystem. Additionally, according to Siddharth Mehta, "the scalability and durability of cloud-native apps mitigate the effects of disruptions, particularly during periods of peak traffic. " .
 
 The best techniques become apparent when you are aware of your particular needs. You won't be able to satisfy everyone, of course, but you must do so for the important people. Consider tailoring the cloud solution to your needs rather than completely eliminating it if the unmet needs are significant. The following list of essential best practices will impact your own and is necessary.

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