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As one of the significant and rapidly developing technologies, cloud computing has empowered numerous other disruptive technologies such as big data, artificial intelligence (AI), the internet of things (IoT), and others. It has reformed many core banking processes, offering a heap of benefits, including cost savings, usage-based pricing in insurance, business progression in the financial sector, agility in customer service, interoperability in payments, and secure storage of BFSI data, among others.
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