Daiwa Institute of Research Ltd, Fujitsu Ltd and KDDI Corp on Wednesday announced that they have collaborated to build Myanmar’s first cloud computing environment.
Built for the Central Bank of Myanmar, the new cloud environment is designed to improve efficiency in the bank’s operations. It consists of a private cloud platform designed, constructed, and operated in compliance with the Alliance Cloud, a standardized cloud model certified by the DIR-led Global Alliance for User-driven Cloud Computing, as well as a desktop service that features security countermeasures.
In advance of the fast-approaching economic integration of ASEAN nations scheduled for 2015, Myanmar, now rapidly implementing democratic reforms, has been actively seeking to modernize its financial sector by relaxing financial regulations, making preparations to establish a stock exchange and taking other initiatives. Under these circumstances, operating stability at the Central Bank of Myanmar is ever-more crucial to the country’s financial system given its pivotal role in issuing and managing currency and implementing monetary policy.