NEWS
E . SUN Bank recognised by Red Hat for innovation
standardized container technology and microservice development capabilities . It also worked with Red Hat to combine its DevOps know-how to deliver better user experiences .
Additionally , the new core system was designed to allow flexibility for future business development , using its automatic scaling capabilities to handle spikes in traffic from large numbers of transactions , thereby ensuring the reliability of the bank ’ s systems .
E
. SUN Bank has been recognized at the
Red Hat Forum Asia Pacific 2020 for its innovative use of Red Hat solutions .
The bank delivers financial services to customers through its 139 branches in Taiwan . It is one of the first financial organizations in the country to develop its own core banking system and base it on a microservices architecture . It also collaborated with Red Hat Open Innovation Labs to utilize microservices and adopt DevOps processes .
E . SUN Bank adopted an open platform and microservices architecture to use
Wan-Li Hsieh , CIO , E . SUN Bank , said : “ Through the collaboration with Red Hat to optimize application development processes , including system enhancements and process streamlining , we are able to focus better on developing innovative financial services .
“ The ability to provide fintech services with a warm human touch , will allow E . SUN Bank to continue increasing customer satisfaction and its competitiveness as a technology brand .”
Ping Identity launches Consumer Data Right Integration Kit to support banking compliance with Australian regulation
Ping Identity has launched a Consumer
Data Right ( CDR ) Integration Kit enabling Australian banks and fintech company data holders to align with CDR regulatory requirements while also simplifying data recipient functionality .
Under CDR rules , financial institutions must provide customers with greater access and control of their data . The aim is to make it easier for consumers to switch between products and services , and to encourage more innovation and competition among service providers .
“ CDR is both a challenge and an opportunity for most organizations ,” said Mark Perry , APAC CTO , Ping Identity . “ As well as allowing the required data sharing to take place , the real value and competitive advantage will come from being able to use the underlying infrastructure in other areas of the business .
Opportunities could include improving the way consumer identity is managed and enabling new services in which secure data sharing is essential .
“ The Ping Identity CDR Integration Kit now fast tracks customers achieving CDR conformance as per ACCC specifications .
Indeed , CDR-conformant organizations must-have a consent model that not only captures and enforces consent in line with current requirements but also meets requirements for concurrent consent . Our kit now enables financial service organizations to have the security measures in place to make CDR possible .”
16 INTELLIGENTCIO APAC www . intelligentcio . com