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FIDC unveils state-of-the-art cloud services. In response to Bangladesh Bank's cloud hosting recommendation, FIDC is building a compliant cloud infrastructure located within Bangladesh's territory

Felicity IDC Limited (FIDC), a PCI-DSS compliant tier 3 data centre located in Gazipur's Kaliakoir, is launching cloud services tailored for the financial sector today. This cutting-edge facility offers over 100,000 square feet of space, 5MW power, and 500 racks, dwarfing the second-largest private sector data centre in capacity tenfold, as stated by FIDC's CEO.

FIDC plays a pivotal role in Fiber@Home's extensive 1-million-core-kilometer cable network, with a presence spanning 35,000 points nationwide. It hosts major National Telecommunication Transmission Networks (NTTNs) and maximizes the utilization of a 110,000-kilometer cable network. Additionally, FIDC serves as a crucial distribution point for a massive global bandwidth exceeding 1000 Gbps.

CEO Sharful Alam underscores their commitment to meeting the banking and financial sector's rigorous standards set by Bangladesh Bank while extending services to enterprises, content delivery networks (CDNs), and over-the-top (OTT) platforms. Their strategic location, just 3 to 4 milliseconds away from over 170 million potential users, is a key advantage. He highlights their extensive network connections with top-tier internet exchanges and premier carriers, ensuring low latency, robust security, and a seamless user experience. In response to Bangladesh Bank's cloud hosting recommendation, FIDC is building a compliant cloud infrastructure located within Bangladesh's territory. FIDC plans to launch a Security Operations Centre as a Service (SOCaaS) in early 2024 in partnership with cybersecurity leaders to combat cyber threats for banks and enterprises, offering an alternative to building in-house cybersecurity teams.

Despite pandemic challenges, FIDC successfully completed a tier-III data center in Hi-Tech City by the end of 2021, attracting numerous organizations, including banks, for disaster recovery co-location. In March, the central bank issued cloud computing guidelines for the financial sector, enhancing security and facilitating data sharing while enabling regulatory oversight. Despite government restrictions on cross-border data sharing, local firms prefer this approach. Cloud computing offers cost savings, productivity, speed, efficiency, performance, and security benefits, as acknowledged by the Bangladesh Bank in its circular emphasizing adherence to guidelines for uninterrupted cloud services.