Company
Date Published
Author
Mike Moss
Word count
919
Language
English
Hacker News points
None

Summary

Infosys and Redis Cloud are collaborating to enhance secure Open Banking by leveraging tokenization and Redis's real-time data platform. Tokenization is pivotal in safeguarding sensitive data by replacing it with tokens, fostering secure exchanges in Open Banking environments. This partnership enables financial institutions to achieve sub-millisecond performance while ensuring compliance with regulations like PSD2 and GDPR. Redis Cloud enhances the performance of tokenization processes through its in-memory architecture, providing fast token validation, session management, and API performance optimization. It supports multi-cloud integration and offers real-time monitoring, aiding banks in maintaining security, compliance, and speed across various financial services, including payments, wealth management, and digital banking. Infosys brings its deep financial expertise, while Redis contributes real-time data handling capabilities, together offering a scalable and secure solution for modern financial demands. Redis and Infosys aim to help banks transition to agile, cloud-native architectures without compromising security or regulatory adherence.