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Core Banking

Database built for distributed deployments - still SQL

About 80% of financial institutions run core banking systems they built themselves. These institutions use software designed in the pre-internet era for physical branch banking. While their technology has evolved based on the available technology and customer needs and demands, it wasn’t architected for distributed deployment.

Challenges

Risk & Complexity - A typical universal bank runs more than 180 documented applications, which restricts flexibility and creates thousands of points of failure.

Scalability - Traditional banking systems can't keep up with the pressures created by their modern, digital front-ends.

Expectation Gaps - Customers expect financial institutions to move beyond traditional bank roles and help them make better financial and commercial decisions.

Legacy Architecture - Maintaining legacy banking systems consumes a significant percentage of a bank’s IT budget, leaving little room for innovation.

Benefits of NuoDB

Scale - Scale out based on real-time demand, without stopping database services or over-provisioning your RDBMS.

Performance - Rely on in-memory caches to automatically adjust for optimal workload performance based on access patterns—without sharding the database.

Continuous Availability - Perform upgrades and withstand potential failure at all levels—of a process, a host, or a data center—while maintaining application availability.

Flexibility - Run in your environment of choice: on-premises, in containers, in one or more clouds, or in a hybrid-cloud.

 

How NuoDB can help.

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Temenos and NuoDB have been at the forefront of cloud innovation, building new ways to respond to the variable demands of scale in the cloud. Together they make it significantly easier for banks to migrate their critical applications to the cloud, satisfying evolving customer needs while benefiting from significant operational cost savings.

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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, Chief Executive Officer

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Read the press release

 

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