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‘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.


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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