The financial services industry has struggled with digital transformation due to increasing data residency and cross-border data transfer restrictions. It isnât practical or possible to operate a complete SaaS stack in every country where the existing and emerging data protections include the need to locate customersâ Personally Identifiable Information (PII) or Personal Financial Information (PFI) in the country. For regional and global financial institutions, it can be a regulatory impossibility to host all of their customersâ PII and PFI in a single SaaS region, leading to fragmentation of core banking systems.
Temenos and InCountry have partnered so Temenos Banking Cloud can offer a compliant solution to bringing a modern SaaS stack that solves for data residency and cross-border data transfer challenges. InCountry provides a complete data residency solution so that Temenos Cloud Banking hosted in one country can fully isolate PII and PFI within another country.
To learn more about InCountry and request a demo, Click here.