HDFC Securities launched its mobile trading app, called HDFC SKY on the AWS cloud. HDFC Securities is among the leading investment service providers in India. HDFC Securities is looking to educe its annual IT infrastructure and management costs by up to 50% as compared to using on-premises infrastructure.
AWS, Amazon’s cloud computing unit will invest USD 12.7 billion in cloud infrastructure in the country by 2030. HDFC SKY will provide investors access to the stock market at a scale of thousands of transactions per second.
HDFC Sky serves 75 million customers and all HDFC Group companies, investors, and traders across the world in trading of shares, commodities, futures, currencies, Initial Public Offerings (IPOs), mutual funds, and Exchange-Traded Funds (ETFs).
AWS invested USD 3.7 billion (about Rs 30,900 crore) in India between 2016 and 2022. Also, it will invest USD 12.7 billion in the country by 2030 in local cloud infrastructure, taking the total investment here to USD 16.4 billion (Rs 1,36,500 crore) by 2030.