NuoDB: A Distributed SQL Database That Powers Next-Generation Banking

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Ariff Kassam, CTO
The app economy has dramatically changed how consumers and brands interact, shifting expectations and putting new pressures on companies. That shift puts traditional Financial Services organizations under pressure to evolve, quickly. In the traditional banking sector, however, various business stakeholders are beginning to move towards an agile workflow, wherein traditional enterprises are modernizing architecture to deliver better user experiences digitally. Supporting this trend, NuoDB’s distributed SQL database empowers banks with a solution that enables them to retain the SQL consistency their mission-critical applications require while taking advantage of the efficiencies offered by the cloud.

Most banks trust their legacy architecture, yet digital transformation goals for banking operations through cloud adoption, containers, and microservices have left these financial organizations in a challenging situation. Expertise in these new areas is hard to come by, making it difficult to orchestrate such strategic changes.

NuoDB’s distributed SQL database allows traditional Financial Services organizations to evolve quickly. The challenge for many older banking applications comes when organizations try to take the legacy architecture that those applications were running on and move it to an environment that they weren’t built for. Instead, they need to move to a modern cloud-native architecture that still supports the requirements of their mission-critical applications. “NuoDB provides SQL consistency in distributed environments, so banks can rely on NuoDB to manage critical data as the database of record in the cloud,” states Ariff Kassam, CTO at NuoDB.

By itself, the distributed architecture doesn’t provide direct business benefits. The magic is in the technique that NuoDB uses to leverage the distributed architecture and provide two significant capabilities:

- Continuous availability - NuoDB protects against multiple failure modes from server to even data center failures without application outages and provides availability during planned maintenance by allowing rolling upgrades and maintenance tasks. This allows banks to provide the service availability that customers now expect.

- On-demand scale out - NuoDB’s distributed architecture enables customers to dynamically meet performance demands by elastically scaling out or in.
Now banks have the agility to meet changing demands easily and reduce TCO, because banks only need to deploy (and pay for) the infrastructure they need at any given time.


NuoDB provides SQL consistency in distributed environments, so banks can rely on NuoDB to manage critical data as the database of record in the cloud.


“With a scale-out architecture, you can deploy a database based on what you need today and grow or shrink it as your demand changes,” explains Kassam.

One digital bank situated in Hong Kong—a new entrant in the virtual banking space—wanted to launch a bank using cloud computing architecture with zero downtime and on demand scalability. NuoDB partnered with Rancher Labs to enable them to establish a virtual bank and revolutionize the banking experience for customers in Hong Kong. For challenger banks, technical partnerships with core banking providers, Kubernetes engines, and distributed SQL databases can help them leverage the power of Kubernetes to deploy stateful SQL applications in the cloud and across clouds. “We allow protection against server failure, node failure, and in this case a cloud failure. If they lose access to a particular cloud, they've got access to their information in a different cloud with no outage,” comments Kassam.

NuoDB works continuously to make sure that it supports future technological needs. The cloud native, cloud agnostic approach enables banks to make the choices that make the most sense for them as they move forward. Many banks already use a multi cloud or hybrid cloud deployment model, and soon will need a database that can be natively deployed inter-cloud—that is, a single logical database spanning more than one cloud provider. This enables unprecedented resiliency and availability in the case of one cloud provider going down. This is the kind of flexibility that allows banks to choose how, when, and where their applications will be deployed.

Company
NuoDB

Headquarters
Cambridge, MA

Management
Ariff Kassam, CTO

Description
A distributed SQL database that meets the needs of financial services organizations moving mission critical applications to the cloud. NuoDB’s distributed SQL database empowers banks with a solution that enables them to retain the SQL consistency their mission-critical applications require while taking advantage of the efficiencies offered by the cloud. The company works continuously to make sure that it supports future technological needs. NuoDB’s cloud native, cloud agnostic approach enables banks to make the choices that make the most sense for them as they move forward.

NuoDB