Cloud-native is not just old tech moved to the cloud

It is interesting to see just how many core banking platforms claim to be cloud-native when really they are simply old technologies repurposed for cloud. This means that they do not leverage all the benefits of the cloud.

Genuine, cloud-native core banking strips away all the technologies that were traditionally used for banking. By turning to the possibilities offered by modern public cloud we were able to implement those new architectural patterns to build a fundamentally different, data driven core banking platform. So accounts within SaaScada are based on a NoSQL database, and we can store multiple ledgers inside those accounts, with the ability to hold any assets. It doesn’t matter how many accounts you have, the system is going to behave in a consistent way. There’s no need to resort to work arounds like shadow ledgers to serve up data at the speeds demanded by modern banking.

Paul highlights the differences in his video…