DIR, Fujitsu, and KDDI build Myanmar's cloud-computing environment

Jan 07, 2013 (Datamonitor via COMTEX) -- Daiwa Institute of Research Ltd, or DIR, Fujitsu Ltd and KDDI Corp have collaborated to build the Republic of the Union of Myanmar's first cloud computing environment.

Built for the Central Bank of Myanmar, the new cloud environment is designed to improve efficiency in the bank's operations. It consists of a private cloud platform designed, constructed, and operated in compliance with the Alliance Cloud, a standardized cloud model certified by the DIR-led Global Alliance for User-driven Cloud Computing, as well as a desktop service that features security countermeasures.

In advance of the fast-approaching economic integration of ASEAN nations scheduled for 2015, Myanmar, now implementing democratic reforms, has been actively seeking to modernize its financial sector by relaxing financial regulations, making preparations to establish a stock exchange and taking other initiatives. Under these circumstances, operating stability at the Central Bank of Myanmar is ever-more crucial to the country's financial system given its pivotal role in issuing and managing currency and implementing monetary policy.

Comment by Takashi Fukai, President, Daiwa Institute of Research Ltd. "For many years, DIR has been providing support for the cultivation of Myanmar's financial markets. In May of this year, DIR and Tokyo Stock Exchange Group, Inc. concluded a memorandum of understanding with the Central Bank of Myanmar to collaborate on the establishment of a securities exchange.

"This new computing environment paves the way to build an ICT infrastructure that is indispensable for the modernization of Myanmar's financial system and represents an important milestone toward the establishment of a stock exchange. We are honored that this important computing environment employs our cloud platform and uses our desktop services." http://www.datamonitor.com Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Datamonitor shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon

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