Country for PR: United States
Contributor: PR Newswire New York
Thursday, September 17 2020 - 10:33
WeLab Bank Teams Up with Solace to Achieve Digital Banking Ambitions
HONG KONG, Sept. 17, 2020 /PRNewswire-AsiaNet/ --

Homegrown virtual bank WeLab Bank ( 
) has selected Solace as a core component of its technology architecture to 
establish multi-cloud vendor communication. Using Solace PubSub+ ( 
), WeLab Bank will run its entire infrastructure on multiple clouds to ensure 
customer information is well protected and secured. Through the partnership 
with Solace, WeLab Bank can also continue to deliver innovative and 
game-changing financial service products to all customers.

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Solace's technology helps WeLab Bank connect its key backend systems, including 
Temenos Cloud Core Banking and Fast Payment, to enable event-driven 
microservices critical for real-time data flow. This allows WeLab Bank to 
respond to critical business events in an agile and efficient manner, providing 
customers with a seamless virtual banking experience. In addition, having the 
entire virtual bank infrastructure in the cloud with a solid foundation that 
supports high scalability allows it to bring next-generation digital services 
to customers 24/7.

"Solace provides us with the scalability necessary to support our vision to 
become a leading virtual bank in the region. Through a microservices 
architecture, WeLab Bank can create and deploy innovative products such as 
GoSave and WeLab Debit Card, one of Asia's first numberless debit cards. 
Solace's secure and scalable messaging backbone has been invaluable in helping 
WeLab Bank shorten the time-to-market for our current and future digital bank 
offerings," said Kenneth Chau ( 
), Chief Technology Officer at WeLab Bank.

"Solace is proud to be a part of Hong Kong's digital banking revolution by 
working with WeLab Bank to bring a next-generation banking experience to 
fruition," said Sumeet Puri ( 
), Chief Technology Solutions Officer, Solace. "Financial institutions that 
wish to differentiate themselves and thrive in the rapidly evolving financial 
services sector must seek new ways to leverage real-time data and provide 
innovative offerings, or they risk being left behind." 

About WeLab Bank 
WeLab Bank Limited ("WeLab Bank" or the "Bank"), is a homegrown virtual bank 
licensed by the Hong Kong Monetary Authority ("HKMA"). Founded by a team of 
financial and technology experts, WeLab Bank's mission is to understand 
customers' needs and design a personalized, full-service banking experience 
that helps them manage and grow their money.
WeLab Bank represents a 100% digital banking experience that is simple, 
intuitive and built around our customers. WeLab Bank focuses on the powerful 
mobile app and the numberless Debit Card, both designed with obsession with 
customers' experience and data security.
WeLab Bank is a wholly owned subsidiary of WeLab Holdings Limited ("WeLab"), a 
leading fintech company in Asia. 

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About Solace
Solace helps large enterprises become modern and real-time by giving them 
everything they need to make their business operations and customer 
interactions event-driven. With PubSub+, the market's first and only event 
management platform, the company provides a comprehensive way to create, 
document, discover and stream events from where they are produced to where they 
need to be consumed - securely, reliably, quickly, and guaranteed. Behind 
Solace technology is the world's leading group of data movement experts, with 
nearly 20 years of experience helping global enterprises solve some of the most 
demanding challenges in a variety of industries - from capital markets, retail, 
and gaming to space, aviation, and automotive. Established enterprises such as 
SAP, Barclays and the Royal Bank of Canada, multinational automobile 
manufacturers such as Renault and Groupe PSA, and industry disruptors such as 
Jio use Solace's event broker technologies to modernize legacy applications, 
deploy modern microservices, and build an event mesh to support their hybrid 
cloud, multi-cloud and IoT architectures. 

Learn more at

Media Contacts
RICE for Solace 
+65 3157 5685

SOURCE: Solace Corporation