Persistent Systems Delivers Digital-for New Challenger GB Bank

GB Bank, a new specialist bank that will boost economic growth and prosperity by being the property development finance lender of choice in underserved UK regions, has partnered with Digital Engineering provider Persistent Systems (BSE: PERSISTENT) (NSE: PERSISTENT), to build its digital-first IT infrastructure and support the bank’s ongoing operations.

Persistent’s Digital Bank and Credit Union Solution has enabled GB Bank to rapidly build a bespoke cloud architecture using a ‘digital mosaic’ approach. The solution’s core is a microservices-based, integration layer. Pre-built integrations allow for the selection of technologies that are best suited to the unique vision. Persistent’s solution provides flexibility to easily add or replace specific technologies, avoiding vendor lock-in and creating a future-proof architecture that can evolve with the bank’s growth and strategy.

To deliver on its promise, GB Bank’s strategy is to provide outstanding customer service, delivered by technology-enabled relationship managers. Instead of relying on traditional banking technologies, UK’s newest challenger bank is committed to building an ecosystem of solutions, including payment and reporting features that can be integrated or replaced dynamically in response to the changing demands of a growing business. GB Bank carefully chose cloud-based solution providers such as Mambu OutSystems, AWS, and Mambu to ensure that they provide the best features. Persistent will seamlessly integrate all of these features by using its Digital Bank Solution and Credit Union Solution.

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