‘iTurmeric Fincloud’ Platform—By Intellect Design Arena Ltd. and IBM

Published on May 22, 2020
Current Context: Intellect Design Arena Ltd. and IBM has launched a cloud-ready, API (Application Programming Interface) first microservices-based platform called as ‘iTurmeric Fincloud’ Platform.
‘iTurmeric Fincloud’ Platform—By Intellect Design Arena Ltd. and IBM
  • It has been launched with the help of IBM Public Cloud.
  • The cloud platform has been launched for banks and financial institutions.
  • It will ensure that systems in the banks and financial institutions are operating in isolation or parallel with core legacy systems.
  • ‘iTurmeric Fincloud’ Platform already has retail banking, lending, origination, and corporate banking API and the company will continue to add relevant APIs. The platform provides a unique way of modernising without the risk of rip and replacement using Turmeric tools.

Question: 

Q.1 Which of the following organisation launched ‘iTurmeric Fincloud’ Platform?
a. IBM
b. Intellect Design Arena Ltd.
c. Federal Bank
d. Both (a) and (b)

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