Why open banking and payment execution?

Open banking is being driven by the second Payment Services Directive (PSD2), a European directive designed to boost competition and the variety of products in the banking, credit cards, and payments space. Other new Initiatives are already in motion around the world driven by a combination of market forces and regulatory authorities.

To ensure regulatory compliance, Banks and Fintech providers must connect with partners and services with a local presence and global availability, which Beeks provide from any of our 17 global locations.

The major Cloud Service Providers already have multiple points of presence in datacentres around the world. By leveraging a private infrastructure, fully integrated in the Cloud, customers are able to mitigate significant cyber threats.

HYBRID ARCHITECTURE

Flexibility and commercial agility combined with high levels of security

PERFORMANCE

Dedicated bandwidth and infrastructure provides improved application performance and uptime than public cloud internet speeds

SECURITY

Sensitive data is saved and managed on dedicated, secure environments reducing compliance and regulatory risk

Beeks on demand model allows customers to enjoy huge economies of scale and leading edge technology under an OPEX based pricing model.

Beeks Open banking and payment execution

As many Fintech companies originate in the Cloud, the Beeks on demand model allows customers to enjoy huge economies of scale and leading edge technology under an OPEX based pricing model. Customers can then experience the benefits of this new and evolving ecosystems by connecting to Cloud Service Providers, peers, customers and content providers in a safe and secure environment reducing consumer concerns around security and privacy.

There are a number of ways in which customers can embrace security measures that will help prevent breaches and improve visibility over your infrastructure. Private connectivity provides a much stronger security stack against DDoS attacks coupled with high availability at a similar level of cost to the use of connectivity over the public internet. These private connections also reduce the risk of transaction timeouts, provide increased monitoring capabilities and guarantee reliable and scalable bandwidth around the globe.

Why Beeks?

By combining public cloud service providers with private infrastructure for a true hybrid architecture, customers are able to mitigate significant cyber threats and increase performance. As many Fintech companies originate in the Cloud, the Beeks on demand model allows workloads to be placed on private or public infrastructure depending on the requirement.

Working in this way allows customers to enjoy huge economies of scale and agility built on leading edge technology using an OPEX based pricing model in the same way as public clouds offer today.

Beeks Financial Cloud offer compute and connectivity products on monthly commitments.