Equinix and AFIN collaborates to provide better quality Infrastructure Services for Financial Institutions and FinTechs’ Collaborations

Equinix, Inc. (Nasdaq: EQIX) has recently announced that the ASEAN Financial Innovation Network (AFIN) would leverage Platform Equinix  to accelerate financial services innovation in Singapore and the global Fintech Ecosystem. 

 

The core consequences of this collaboration will include the provision of a dedicated on-premise API Exchange (APIX) sandbox platform on Platform Equinix for financial institutions (FIs). Moreover, it will offer Fintechs a fast-provisioning and affordable, enterprise-grade, cloud-like, single tenanted hardware for production services.

 

In an attempt to bridge the gap between FIs’ IT infrastructure and FinTechs’ cloud-native infrastructure, AFIN has collaborated with Equinix to provide FinTechs on APIX access to Platform Equinix and leveraged Equinix Metal to streamline and facilitate infrastructure connectivity and integration.

 

Through Platform Equinix, FIs and FinTechs can ensure that they remain compliant to the ever-changing compliance regulations. Equinix’s data centers in Singapore are certified to meet rigorous certification standards including the Outsourced Service Provider Audit Report (OSPAR), one of the most authoritative security certifications for financial institutions, and a detailed Threat and Vulnerability Risk Assessment (TVRA), a set of requirements issued by MAS for all Singapore-based financial institutions with overseas physical presences.

 

Sopnendu Mohanty, Chief FinTech Officer at the Monetary Authority of Singapore said that “Equinix’s secure and scalable infrastructure will provide Fintechs partnering with FIs an option to effectively manage technology risk in the financial sector. Further, Equinix will also host APIX Sandbox for FIs looking for on-premise scaled innovation infrastructure.”