Fintech, financial services sector to see highest adoption of cloud

The Financial Services sector in India is expected to see the highest adoption of cloud computing in the near future, with a heightened interest from Indian companies to adopt skilling services from Amazon Web Services AWS at its biggest cloud event of the year re: Invent, which was held in Las Vegas, USA, in 2017 and has trained over 5 million people in the APAC region with cloud skills since 2017. There are 3 million of these in India.

AWS sees India as the biggest market for cloud computing in terms of fintech and financial services. Axis Bank, Paytm, Upstox, Cred, Upstox, ICICI Lombard Insurance, Banking Lending Kart, AU Small Finance Bank, Khatabook, and Bank Bazaar are all set to use the AWS cloud platform, and several others are all set to be on board.

India is a leader in the digital economy. Several financial services companies are using our services because they want to train their employees in cloud computing. Andrew Sklar, the Director of AWS Training and Certification Sales and Delivery in Asia Pacific and Japan, said Paytm, one of India's largest digital payments, commerce and financial services platforms, was meeting its cloud-talent needs with the help of AWS Training. He said that the program will upskill more than 2,800 Paytm IT personnel by the end of 2022 because of the partnership with AWS to establish a Cloud Center of Excellence CCoE team.

With the global economy slowing and the skills gap widening, Indian employers are looking at upskilling and reskilling their workers.

Sklar said that AWS will continue to invest in its training programs to meet the growing demand for skills in cloud computing, machine learning, and other emerging technologies that will help the region weather financial turbulence.

AWS also has programs focusing on inclusive training such as AspireForHer, AWS re Start for skilling in various countries including India.