PR85622

HONG KONG, Sept. 17, 2020 /PRNewswire=KYODO JBN/ --

Homegrown virtual bank WeLab Bank (https://c212.net/c/link/?t=0&l=en&o=2916483-1&h=1103760746&u=https%3A%2F%2Fwww.welab.bank%2F&a=WeLab+Bank )

has selected Solace as a core component of its technology architecture to

establish multi-cloud vendor communication. Using Solace PubSub+

(https://c212.net/c/link/?t=0&l=en&o=2916483-1&h=3604360734&u=https%3A%2F%2Fsolace.com%2Fproducts%2Fplatform%2F&a=Solace+PubSub%2B ), 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 (https://c212.net/c/link/?t=0&l=en&o=2916483-1&h=3394110497&u=https%3A%2F%2Fwww.linkedin.com%2Fin%2Fkenneth-chau-54a5833a%2F&a=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 (https://c212.net/c/link/?t=0&l=en&o=2916483-1&h=1271541692&u=https%3A%2F%2Fwww.linkedin.com%2Fin%2Fsumeetpuri%2F&a=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.

To learn more, please visit: www.welab.bank or follow us on Instagram:

welab.bank (https://c212.net/c/link/?t=0&l=en&o=2916483-1&h=4032234777&u=https%3A%2F%2Fwww.instagram.com%2Fwelab.bank%2F&a=welab.bank )

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 https://solace.com .

Media Contacts

RICE for Solace

solace@ricecomms.com

+65 3157 5685

SOURCE: Solace Corporation