Cloud-native distributed SQL database provider, NuoDB, has announced a partnership with Rancher Labs – creators of this Kubernetes management platform, to help WeLab become the first homegrown Hong Kong fintech company to establish a virtual bank.
WeLab has been recognized by KPMG as one of the top-100 FinTech companies in the world. The company was recently granted a virtual banking license by the Hong Kong Monetary Authority (HKMA) – to deliver a cloud hosted bank to better serve the region. Together, NuoDB and Rancher Labs will help WeLab deliver a single, logical SQL database across a multi-cluster Kubernetes environment managed by Rancher and deployed on multiple cloud providers.
WeLab works with NuoDB and Rancher Labs to deliver a multi-cloud deployment managed by Rancher. It utilizes the Rancher Kubernetes Engine (RKE) and NuoDB’s distributed SQL database to service application SQL requests.
NouDB’s cloud-native, cloud-agnostic SQL database would deliver the “scalability, reliability, and performance” customers demand. It is uniquely designed to support financial organizations like WeLab seeking to deliver cloud-native banking to their customers. In partnership with Rancher Labs, NuoDB enables core banking applications to be deployed across multiple cloud platforms using a single logical database and RKE for multi-cluster deployment and management through Rancher.
“We are thrilled to partner with Rancher and support WeLab as they establish a virtual bank and revolutionize the banking experience for customers in Hong Kong,” said Ariff Kassam, CTO of NuoDB. “This partnership underscores our continued commitment to supporting WeLab and customers like them as they look to develop applications in the cloud and across clouds. We look forward to working with Rancher to help more customers leverage the power of Kubernetes for stateful SQL applications and deliver on the demands of a digital era while meeting regulations as they evolve around the world.”
Rancher Labs harnesses containers and Kubernetes to unleash all of their power. The company’s flagship product Rancher is a widely adopted Kubernetes management platform providing enterprises global control and visibility of all their containers no matter where they are running – from the data center, to the cloud, to the edge.