NuoDB, Rancher Labs partner to help WeLab set up virtual bank

NuoDB

Ariff Kassam, CTO, NuoDB

NuoDB, a distributed SQL database company, has partnered with Rancher Labs, creator of Kubernetes management platform, to help Hong Kong-based FinTech WeLab establish a virtual bank.

WeLab 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. The two US-based companies will assist the East Asian FinTech in delivering a single, logical SQL database across a multi-cluster Kubernetes environment managed by Rancher and deployed on multiple cloud providers, according to a statement.

WeLab will be working with NuoDB and Rancher to deliver a multi-cloud deployment managed by Rancher utilizing its Rancher Kubernetes Engine (RKE) and NuoDB’s distributed SQL database to service application SQL requests. The FinTech firm intends to provide digital banking services using innovative products and services.

In partnership with Rancher, NouDB will enable 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 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,” Ariff Kassam, CTO, NuoDB said.

NuoDB

Founded in 2010, NouDB is a cloud-native, cloud-agnostic SQL database that delivers the scalability, reliability, and performance customers demand. The company claims to have liberated the enterprise-critical database from its inherent limitations, monolithic architecture, and service providers and replaced it with simplicity, ready availability, transactional consistency, and partnership.

Rancher Labs

Rancher Labs offers enterprises the control and confidence to swiftly develop and deploy applications and services that drive business value. Its Kubernetes management platform provides 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.

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