FYERS goes for the cloud

Banking Frontiers|June 2020

FYERS goes for the cloud
Implements zero-trust policies, VPN, VDI, multi-factor authentication and alerts to ensure security:

Tejas Khoday outlines FYERS’ plan to launch a brand new mobile app

FYERS, the technology-focused stockbroking firm, offers seamless trading platforms to traders and investors across all major Indian exchanges. It has a strong community of traders and investors and is currently powering thousands of customers to trade seamlessly, across all major Indian exchanges.

FYERS had a business continuity plan (BCP) in place even before the onset of the COVID lockdown. It implemented additional measures to ensure that its team could work from home without any challenges and disruptions. It also ensured that most of the internal applications which do not contain sensitive information are accessible securely over the web. According to Tejas Khoday, CEO and co-founder, access to critical applications, which contain sensitive information, is well protected and enabled only via VPN and Virtual Desktop Instances (VDIs). The company has also implemented zero-trust policies and access to VPN and VDIs are provided on an as-needed basis. There is centralized authentication for users of internal email, chat, voice, and video communications, which have been enabled on the cloud. But, in order to ensure secured access to these applications, it has implemented policies such as multi-factor authentication and alerts in case of logins from a new device.

The company also uses Google Chat, Google Meet, and Slack for internal communications. It also has a significant edge in handling market data of exchanges, order execution, and other such vital aspects that it believes define the future of the business.

WEB, MOBILE PLATFORM

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June 2020