article thumbnail

Bridging the Gap in Modern Data Management

Fintech News

The database’s approach to disaster recovery, involving a network of IDCs across multiple sites, focuses on providing resilient and dependable data management solutions. For more information about OceanBase’s capabilities in data management, please click here for a detailed consultation.

Database 123
article thumbnail

5 Lessons APAC Digital Banks Can Learn from Nubank’s US$1B Profitability Journey

Fintech News

In Hong Kong, WeLab Bank stands out as a digital-only bank that operates on multiple clouds simultaneously, which increases operational resilience and disaster recovery capability. This multi-cloud strategy allows WeLab Bank to be more agile, improve speed to market, and lower operating costs. trillion by 2025.

APACS 128
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Strengthening Financial Resilience: Huawei’s Role in the Future of Finance

Fintech News

The ManageOne cloud management platform, iDRP automated disaster recovery management platform, and network digital map are essential tools for reducing risks and enhancing O&M capabilities. Comprehensive risk mitigation for financial resilience Huawei’s suite of solutions goes beyond mere equipment upgrades.

Finance 120
article thumbnail

Understanding Risk Management Strategies as a PayFac

Stax

Maintain a comprehensive disaster recovery program and undertake contingency planning so that you can resume operations quickly. To learn how you can facilitate payments for your SaaS customers easily, contact Stax today for a consultation. Follow these best practices for monitoring risks and dealing with them appropriately.

article thumbnail

Hong Kong Monetary Authority Issues Guidance for Banks on Crypto Custody and Sale of Tokenised Products

Global Fintech & Digital Assets

The guidance continues the momentum of digital asset regulation in Hong Kong, following a raft of other rules and consultations recently published by Hong Kong regulators. Banks’ contingency and disaster recovery arrangements should cover any disruption to the outsourced services.

article thumbnail

FCA Authorisations: How are things changing? Are things improving?

Neopay

If you are partnering with a consultancy firm, make sure they provide workshops and training to help you ensure that you have a good understanding of the regulations that apply and, more importantly, how they apply to your specific business model and services.

article thumbnail

Master SOX Compliance: A Comprehensive Guide for 2023

FloQast

It prohibits auditors from providing certain consulting services to their audit clients and requires a rotation of the lead audit partner every five years. It should be remembered that Arthur Andersen, the accounting firm contracted by Enron to handle its audits, used to provide Enron with substantial consulting services as well.