Payments

Sia intros network service to connect banks, fintechs to cloud-based payment infrastructures

May 27, 2021

Sia, a payment services and infrastructure company owned by CDP Equity, has launched its Sia Cloudnet network service to allow banks and fintechs to connect their cloud-based applications to domestic and international payment infrastructures, according to a press release.

The service can connect business services and applications hosted at cloud providers such as Amazon Web Services with ecosystems of payment processing platforms via Sia's network infrastructure. It uses a high-speed, low latency, private fiber-optic network to deliver encrypted data on payment and e-money transactions .

"The cloud sector is growing significantly and an increasing number of customers, especially those who are more focused on innovation, are moving applications, services and processes over to external provider technologies," Andrea Galeazzi, capital markets and network services director, Sia, said in the release. "With Sia Cloudnet, we support this digital transformation with a unique solution that enables the integration, in a secure and efficient way, of the financial community with the many applications on the various cloud platforms, thus further strengthening the network services offering at international level."