Core Banking in the Cloud with Distributed SQL
Nearly 80% of financial institutions run homegrown core banking systems, built on legacy infrastructure designed for the pre-Internet era. To meet customer demands today, they must transition to modern architectures.
Your Business Challenges
- Risk & Complexity
Due to mergers and acquisitions, a typical bank has multiple systems performing the same tasks, such as core banking, payments, and loans, creating additional risk and complexity.
- Difficulty Scaling
Modern digital front-ends place pressures on legacy systems to perform in ways they were never designed to handle.
- Legacy Architecture
Maintaining legacy banking systems consumes a significant percentage of a bank’s IT budget, leaving little room for innovation.
- Expectation Gaps
Traditional architectures cannot adapt quickly to address customers expectations for banks to move beyond traditional roles and help them make better financial decisions.
Temenos Transact is a leading core banking application used by top global banks. In this demo, see how you can deploy Transact on Google Cloud Anthos and NuoDB and gain the flexibility to burst and failover to Google Cloud in cases of unforeseen spikes and outages.
"Our partnership with NuoDB is strategic and strengthens our commitment to ensuring that our banking clients running Temenos software benefit from scale-out simplicity, elasticity and continuous availability and that they can ultimately maximize the benefits of their shift to the cloud.”
- Max Chuard, CEO, Temenos
4 Ways NuoDB Helps You
Scale out and in based on real-time demand, without stopping database services or over-provisioning your relational database management system (RDBMS).
Perform upgrades and withstand potential failure at all levels—of a process, a host, or a data center—while maintaining application availability
Run in your environment of choice: on-premises, in containers, in one or more clouds, or in a hybrid-cloud, so you can deploy where you want, when you want, and how you want.
Reduced Total Cost of Ownership
Eliminate pre-provisioning and scale on demand, so your bank only pays for the active workload through dynamic deployment of containers.