eHosting DataFort and IL&FS Securities Services agree to partnership
“The UAE is a regional financial and trading hub where financial brokerages operate with critical client information that needs to be secure and always available,” Yasser Zeineldin, CEO of eHosting DataFort, said. “It is important for their clients to be able to stay connected to financial exchanges for their everyday transactions. This prompted us to develop a unique solution for disaster recovery and business continuity for the financial markets. We are extremely pleased to be working with ISSL to provide value added services to meet the unique requirements for this vertical.”
According to the partnership, the two companies will offer remote disaster recovery, innovative managed services for IT infrastructure and back-office operations for financial brokerage firms.
“We are very pleased at starting this relationship with eHosting DataFort,” Anil Somaiya, CTO, ISSL, said. “We believe that the managed services solution, as a combination of IT infrastructure and back office services, is value accretive and would lead to ease in business for brokerage firms.”
The partnership was designed as a response to recent industry requirements in the United Arab Emirates (UAE).
“We have enabled this solution in partnership with eHDF and ISSL, after considering upcoming industry requirements within UAE,” Sajith Kumar PK, director and CEO of IBMC Financial Professionals Group, said. “The hosting & DR coupled with Service Desks are in compliance with regulatory norms, provide companies with enhanced IT Security and operating efficiencies. The solution enables new entrants to outsource IT infrastructure to secure environments, outsource back office operations and set up businesses with ease within UAE regulated exchange environments. Brokers will be able to focus on their core functions.”