A new study from Juniper Research has found that digital commerce spending will rise to over $11.6 trillion by the end of 2021, from $10.5 trillion last year; a growth of 11.5% in a single year. This spend encompasses money transfer, digital goods purchases, physical goods purchases, digital ticketing purchases, banking bill payments, NFC mobile retail payments and QR code retail payments. The research found that the success of digital solutions during the pandemic means that consumer behaviour will become increasingly digitally-led, rather than reverting to pre-pandemic norms.

The research identified that reactive digital commerce strategies built-in the pandemic by merchants need to turn into proactive, long-term strategies that offer the best user experiences, as competition in the digital commerce ecosystem intensifies.

For more insights, download the free whitepaper: Digital Commerce & Opportunities for Post-pandemic Growth Whitepaper

Mobile Leading Digital Commerce Spend

The new research, Digital Commerce: Key Trends, Sectors and Market Forecasts 2021-2025 Market Research, found that mobile commerce will account for 73% of all digital commerce transactions by value in 2021; rising to 79% by 2025. Mobile has emerged as the most important way to access services, and although online will remain relevant for higher-value transactions, user experiences must be mobile-first.

Research author Nick Maynard explains: ‘Mobile apps are the dominant force in digital commerce, with user experiences becoming critical, as products become heavily commoditised. Merchants must leverage AI-based analytics to ensure a truly personalized mobile commerce experience, or they will lose out to more digitally adept merchants.’

Remote Physical Goods Purchases are Largest Segment, but Contactless is Growing Rapidly

The research also found that remote physical goods purchases will account for the single largest transaction value of any segment in 2021 at 22% of the total, followed by money transfer and QR code payments. The research identified however that contactless mobile payments will have the highest rate of growth; increasing over 242% in value between 2021 and 2025, as OEM Pay services add spending insights and other value-added services to consolidate gains made during the pandemic.

Whitepaper Download: https://www.juniperresearch.com/document-library/white-papers/digital-commerce-opportunities-for-post-pandemic

Digital Commerce market research: https://www.juniperresearch.com/researchstore/fintech-payments/digital-commerce-platform-market-research-report

Today, Consumer Financial Protection Bureau (CFPB) Acting Director Dave Uejio and Federal Trade Commission (FTC) Acting Chairwoman Rebecca Kelly Slaughter sent notification letters to the nation’s largest apartment landlords, which collectively own more than 2 million units. The letters remind these landlords of federal protections in place to keep tenants in their homes and stop the spread of COVID-19. The Centers for Disease Control and Prevention (CDC) has extended until June 30 a temporary moratorium on evictions for non-payment of rent, and the CFPB has issued an interim final rule, which takes effect today, establishing new notice requirements under the Fair Debt Collection Practices Act (FDCPA). 

“Landlords should ensure that FDCPA-covered debt collectors working on their behalf, which may include attorneys, notify tenants of their rights under federal law. Nearly nine million households are at risk of eviction due to the economic effects of COVID-19, but no one should lose their home without understanding their rights,” said CFPB Acting Director Dave Uejio. “We will hold accountable debt collectors who move forward with illegal evictions.”

“With millions of families nationwide at risk of eviction, it's vital that landlords and the debt collectors who work on their behalf understand and abide by their obligations,” said Acting FTC Chairwoman Rebecca Kelly Slaughter. “We are continuing to monitor this area and will act as needed to protect renters.”  

The notification letters are the latest public action by the CFPB and the FTC in support of the CDC moratorium. The CDC order generally prohibits landlords from evicting tenants for non-payment of rent, if the tenant submits a written declaration that she is unable to afford full rental payments and would likely become homeless or have to move into a shared living setting if evicted. This prohibition applies to an agent or attorney acting on behalf of a landlord or owner of the residential property.

The letters ask landlords to examine their practices to ensure they comply with the CDC Moratorium and the FTC Act and remediate any harm to consumers stemming from any such law violations. It also encourages landlords to notify FDCPA-covered debt collectors working on their behalf, which may include attorneys, of the CDC moratorium, applicable state or local moratoria, and those parties’ obligations under the FTC Act and FDCPA, including the CFPB’s interim final rule.

Effective today, the interim final rule requires debt collectors to provide written notice to tenants who may have rights under the CDC moratorium and prohibits them from misrepresenting tenants’ ineligibility for protection from eviction under the CDC moratorium. On March 29, 2021 Acting Director Uejio and Acting Chairwoman Slaughter issued a joint statement regarding their agencies’ work to help stop illegal evictions and protect American consumers facing economic hardship due to COVID-19.

Neither the CFPB nor the FTC has determined whether the letters’ recipients have violated the law.

Read a sample letter.

More information about the CFPB’s interim final rule requiring notices to tenants is available here.

Temenos, the banking software company, today announced that PBCOM (Philippine Bank of Communications) has gone live with Temenos Transact next-generation core banking Software-as-a-Service (SaaS) to offer “digital-first” banking services in the Philippines.

PBCOMobile is the mobile-only suite of services from PBCOM, one of the largest commercial banks in the Philippines. PBCOM offers a broad suite of financial solutions ranging from deposits and corporate, commercial and personal loans, to cash management solutions and investment services.

Supported by Temenos, PBCOM became one of the first commercial banks in the Philippines approved by the regulator to host its core banking system in the cloud. With Temenos SaaS, PBCOM was able to drive mass-market adoption using mobile apps to deliver new digital products and services and provide a low-cost channel to acquire new customers.

The Temenos SaaS solution allowed PBCOM to create PBCOMobile, a self-service onboarding and origination experience for its retail and corporate banking customers to drive sustainable growth and streamline product applications. PBCOM will also leverage Temenos’ API-first technology to pursue open banking initiatives, enabling third-party developers to create a digital ecosystem of products and services for PBCOM customers. The PBCOMobile app was launched during the pandemic and national lockdown to acquire and service “digital-first” customers. The app allowed non-PBCOM customers to immediately open bank accounts by submitting a selfie and an image of a valid ID.

PBCOMobile customers can deposit checks to their accounts using the app, request their PBCOMobile debit card to be physically delivered directly to them, and then link, activate and control the debit card securely from the app. The PBCOMobile app also offers the regular benefits of mobile banking, such as real-time funds transfers to other banks, prepaid reloading, bills payments, transfers to other PBCOM accounts, and account maintenance. The PBCOMobile Concierge feature can also be used to request account-related transactions via the app.  The PBCOMobile app is available on the Apple App Store, Google Play Android Store and the Huawei App Gallery.

Using Temenos to deliver its core banking software from the cloud allows PBCOM to focus on its core business and devote capital and resources to better banking solutions. The PBCOMobile app allowed PBCOM to create a virtual branch to provide customers to access their accounts, perform transactions, originate applications and communicate with the service desk of the bank through video conferencing.

John Howard D. Medina, Chief Operating Officer, PBCOM, commented: “With Temenos, we are building “digital-first” banking services for our customers they can access via their mobile devices. The Temenos SaaS platform will enable us to bring new digital products and services to market much faster. It is also open and extendable, enabling us to innovate easily and leverage the opportunities with open banking and financial ecosystems to create digital experiences to help customers manage their money and improve their financial lives.”

Jean-Paul Mergeai, President - APAC and MEA, Temenos, said: “We are proud to support PBCOM to build and scale its ground-breaking digital bank. Temenos SaaS will enable PBCOM to launch new products quickly and easily extend its banking services into new market segments with the winning combination of localized, rich banking functionality and advanced cloud technology. This is an exciting development in digital banking for the Philippines, and I look forward to seeing the bank continue to innovate, transforming the digital experience for individuals and businesses across the country.”

• Product Reviews
• 04.05.2021 09:21 am

• What does the product do?

Validus is a comprehensive platform combining trade surveillance, market risk, algo monitoring and AML/transaction monitoring to maximize the efficiency of regulatory operations.

Eventus Systems clients deploy, customize and operate Validus as a cloud-based or on-premise solution, surveilling across the full spectrum of assets classes, including equities, options, futures, FX, fixed income and digital assets. Validus can operate 24x7 in real-time, T+1, or a combination of both. 

Validus helps compliance and risk officers: 

• save time and mitigate risks of fines and reputational damage 

• comply with supervisory procedures and financial limits

• test, document and monitor a firm’s trading algorithms 

• facilitate efficient fraud detection, investigation and remediation

Eventus enables clients to conduct surveillance activity on 100+ exchanges and market centers globally, regularly adding new markets as requested. Validus provides users with a sandbox environment to test and easily deploy new procedures and calibrations.

Validus’ robust data management and replicable routines include generating real-time alerts within five seconds of an event, enabling clients to take immediate remedial action. For some clients such as cryptocurrency exchanges surveilling in real time, Validus processes billions of trade lifecycle messages per day. Full-featured APIs and scalable architecture provide maximum flexibility and interoperability. Centralized, intuitive dashboards are designed to integrate regulatory/operational/financial processes, making in-depth reporting and reconciliation seamless.

•  Who needs the product?

Validus is proven in the most complex, high-volume, real-time environments of tier-1 banks, broker-dealers, futures commission merchants (FCMs), proprietary trading groups, cryptocurrency exchanges, buy-side institutions, energy/commodity trading firms and regulators.

• What is special about the product?

No other trade surveillance platform gives clients the level of flexibility and customization, integration and automation tools, or ability to cast such a wide net and escalate the most actionable alerts that Validus provides. This enables senior executives, risk managers and compliance officers to dig more deeply into potential issues and take resolution action faster while accounting for all behavior that might get overlooked by legacy systems that over-rely on parameter calibration. Eventus provides a complete audit trail of all automation for use in supervisory reviews and regulatory inquiries. 

Eventus has become the global leader of trade surveillance and transaction monitoring services, and, for cryptocurrency exchanges in particular, Eventus’ Validus platform is able to meet the exchanges’ extremely high-security requirements as well as offer the ability to surveil billions of messages/day in real-time, going to 8 decimal places.

Validus is the only platform able to run all analytics and reporting off reconciled data received from counterparties and the only one able to support demanding Reg NMS and Intermarket Sweet Order (ISO) requirements in U.S. equity markets.

Unlike other platforms, Validus can accept data from any file type as part of the firm’s extract, transform, load (ETL) process – which is key to enabling clients to integrate the technology with other platforms they use.

Validus was built by experienced industry practitioners, and Eventus staff includes professionals with decades of experience in compliance, market regulation, multi-asset class financial markets and technology. The team works closely with clients to understand their needs and determine new features and functionality the firm can introduce to solve their evolving challenges as well as help them customize the platform to meet their unique objectives. 

• What are some of the key features?

Validus features hundreds of pre-built trade surveillance and risk monitoring procedures enhanced by advanced analytics and automation (including AI/machine learning techniques) to cast a wide net and leverage robotic process automation (RPA) and machine learning to escalate the most actionable alerts and support compliance/surveillance analysts.

The versatility of the offering enables clients to address evolving regulations and exchange rules in the many global jurisdictions in which they operate.

Among hundreds of recent enhancements:

• Increased automation tools - thousands of workflows enabled

• Robust alert audit trail functionality

• Increased speed and throughput for an ever-increasing message load

• New Signals analytical tool to monitor statistics, develop trading profiles and detect anomalies over time

• Strengthened insider trading functionality

•  Has the product won awards?

Eventus Systems has received multiple global awards and honors in just the past few years, including:

• WatersTechnology’s Sell-Side Technology award for Best Sell-Side Market Surveillance Provider (2021) 

• Markets Media’s Markets Choice Award for Best in RegTech (2020 and 2021)

• FOW International Award for Market Surveillance Solution of the Year (2019 and 2020)

• RegTech Insight Award for Best Trade Surveillance Solution for the Dodd-Frank Act (2019 and 2020)

• Risk Technology Award for Market Surveillance Product of the Year (2019)

•  What is a real-world example?

Eventus’ new Automation Recipes tool gives clients the ability to automate many mundane and repetitive tasks, enabling managers to promote efficiency and track relevant trends. By working with a large FCM’s compliance team to manage cross-trade surveillance for global futures activity, Eventus helped the team achieve a 99.6% reduction in alerts requiring the attention of compliance staff.  

Payoneer Announces Agreement with eBay

eBay continues to manage payments in more countries with the support of Payoneer

NEW YORK, NY– May 4, 2021 – Payoneer, the global payment and commerce-enabling platform which powers growth for millions of digital businesses worldwide, announced today that it is collaborating with eBay to enable sellers in select countries to get paid for their sales on eBay’s core marketplace. eBay has teamed up with Payoneer as part of its mission to modernize its marketplace, removing complexities and creating a more streamlined payment experience for sellers around the world.  With the help of Payoneer, eBay sellers will benefit from faster access to funds, greater flexibility managing multi-currency payments and expanded reach by enabling sellers to list on multiple international eBay sites. 

Starting in April 2021, Payoneer will manage payouts for eBay sellers from Greater China as eBay expands its management of payments around the globe. eBay and Payoneer intend to expand the service to additional countries later in the year.

For Payoneer, this agreement comes on the heels of its announcement that it will go public later this year through a business combination with a special purpose acquisition company. The wave of digitization that has accelerated during the pandemic has further highlighted the importance of seamless global commerce, as more buyers and sellers transact across borders. Payoneer processed $44.4 billion in volume in 2020, a 53% increase from 2019.

“We are honored to partner with eBay, a true pioneer and giant in the world of e-commerce,” stated Scott Galit, CEO of Payoneer. “Their goal of creating a streamlined, modern marketplace that simplifies cross-border commerce is one that resonates deeply with us and our customers. As a commerce enabler, it is our mission to work with sellers across every platform where they transact. We look forward to working with eBay to provide the best possible experience to sellers all over the world.”

“Managing payments on our platform is a key component to enhancing the eBay experience for our customers,” added Alyssa Cutright, Vice President of Global Payments at eBay. “We’re excited to be partnering with Payoneer at a time of such growth for both our companies. Together, we will build on the momentum that e-commerce has seen in the past year, helping sellers transact with customers across borders with flexibility and security, all on a simple, modern platform.”

Note: In February 2021, Payoneer entered into an Agreement and Plan of Reorganization with FTAC Olympus Acquisition Corp (NASDAQ: FTOC) in a transaction that would result in Payoneer becoming a U.S. publicly listed entity. The transaction is expected to close in the second quarter of 2021, subject to satisfaction of customary closing conditions.

About Payoneer

Payoneer’s mission is to empower businesses to go beyond – beyond borders, limits, and expectations. In today’s digital world, Payoneer enables any business of any size from anywhere to access new economic opportunities by making it possible to transact as easily globally as they do locally.

Payoneer’s digital platform streamlines global commerce for millions of small businesses, marketplaces, and enterprises from 190 countries and territories.  Leveraging its robust technology, compliance, operations, and banking infrastructure, Payoneer delivers a suite of services that includes cross-border payments, working capital, tax solutions, merchant services and risk management.  Powering growth for customers ranging from aspiring entrepreneurs in emerging markets to the world’s leading digital brands like Airbnb, Amazon, Google and Upwork, Payoneer makes global commerce easy and secure.  Founded in 2005, Payoneer has a team-based all around the world.

In February 2021, Payoneer entered into a definitive agreement and plan of reorganization with FTAC Olympus Acquisition Corp in a transaction that would result in Payoneer becoming a U.S. publicly listed entity. The transaction is expected to close in the second quarter of 2021, subject to satisfaction of customary closing conditions.

Forward-Looking Statements

This press release may include, and oral statements made from time to time by representatives of Payoneer may be considered, “forward-looking statements”. Forward-looking statements generally relate to future events or Payoneer’s future financial or operating performance. In some cases, you can identify forward-looking statements by terminology such as “may,” “should,” “expect,” “intend,” “will,” “estimate,” “anticipate,” “believe,” “predict,” “potential” or “continue,” or the negatives of these terms or variations of them or similar terminology. Such forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward looking statements. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by Payoneer and its management, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: (1) the occurrence of any event, change or other circumstances that could give rise to the termination of the relationship with eBay; and (2) other risks and uncertainties set forth in the section entitled “Risk Factors” and “Cautionary Statement Regarding Forward-Looking Statements”, as well as any further risks and uncertainties contained in the Form S-4/proxy statement filed New Starship Parent Inc. on February 16, 2021 (as may be amended). Nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. Payoneer does not undertake any duty to update these forward-looking statements.

Fixed Income trading software and smart order management capabilities now available via AWS.

SoftSolutions!, the high performance multi-market Fixed Income trading technology provider, today announced the availability of the nexRates solution on Amazon Web Services (AWS), validated by a completed AWS Foundational Technical Review for the electronic Trading-as-a-Service platform.

nexRates has been architected to take full advantage of AWS, as well as meeting strict criteria around security, disaster recovery, resilience, and operational excellence. This validation supports trading customers who want to take advantage of the elasticity, scalability, and faster time to market of the cloud-enabled trading SaaS offering. It also allows customers access to multi-markets, multi-feeds, and multi-asset environments with the security and risk controls in place to meet regulatory requirements. SoftSolutions! has delivered Fixed Income trading technology for over two decades, and has recently launched the next generation of its nexRates solution, a fully integrated electronic Trading-as-a-Service platform for secondary markets.  

Roberto Cocchi, CEO of SoftSolutions! said: “We are proud to have completed the AWS Foundational Technical Review for nexRates, further demonstrating SoftSolutions! commitment to bringing all the benefits that come with SaaS in the Cloud to the fixed income marketplace.“

nexRates, SoftSolutions! electronic Trading-as-a-Service platform is the new alternative for the Fixed Income market, born from the team’s experience of building proven and powerful end-to-end trading technology. Fixed Income traders can now navigate challenging market conditions and outperform the competition with a modern solution that delivers rich data, insights and intelligence. With nexRates, SoftSolutions! has engineered a platform that provides real-time risk management as well as integrated business intelligence, delivering a new trading experience for customers trading Govies, Credits, and Derivatives who are looking for the flexibility and cost efficiency of trading in the cloud.

BitcoinPoint the leading Bitcoin Teller in the UK with a network of agents and ATMs (16,000 machines to sell Bitcoin) has signed an agreement with a Point Of Sale partner to add 320,000 locations to buy Bitcoin in stores.

It’s a big step to accelerate the Bitcoin adoption and make Bitcoin accessible for the non-tech-savvy people & the unbanked. Countries are mostly in Europe including the UK and in Latin America, but Canada, Australia and Philippines are also in the list.

The BitcoinPoint App on Android and iOS have custodial and non-custodial (if a customer already has a wallet) options where users can buy almost instantly as little as £5:

At the cash-in location the user can generate a QR code to be scanned by the merchant to receive the corresponding fraction of bitcoin or Online the App will be able to connect to bank accounts and create an instant bank transfer.

In the same spirit of financial inclusion and to democratise the investment to small investors the company launched a crowdfunding campaign to accelerate its growth:

https://www.crowdcube.com/bitcoinpoint

The wait is over. Middle East WealthTech Forum 2021 is just 24 hours away. Middle East WealthTech Forum 2021  is a two-day virtual summit taking place on 03 and 04 of March from 10 am (Dubai Time) to 12:30 pm (Dubai  Time). Close to over 200 delegates have confirmed their attendance for this event. 

The forum raises critical questions on what major hurdles the wealth management industry faces in 2021 and  beyond, and which technological innovations will help them tackle these challenges and succeed further. The  summit explores the role that data analytics, automation and artificial intelligence, and even open banking can  play in helping wealth managers better serve their customers. Featuring input from experts at major global and  local financial institutions, this forum outlines what changes and strategies can be implemented right now to  ensure that wealth management firms thrive in these interesting times of digital transformation. 

Our speaker set includes a list of renowned names of the industry like Haytham El-Mansoury, Head of Wealth  Management at Arab African International Bank ;Adam Malouf, Director – Investment at Government of Dubai  Knowledge Fund; Kunal Chawla, Founder & CIO at FinMark Capital Limited; Renoy Kundukulam, CEO at FinMark  Capital Limited; Jacques Bernard, General Manager at Wealth Element LLC; Mones Bazzy, Head of Private Banking  Wealth Management at Bank of Sharjah; Kieron Franklin, Director Elite Banking & Wealth Management, RAK  Bank; Chandrashekhar Kekane, Managing Director - GCC & Africa, ASK Investment Managers Ltd; Luis Ugedo,  Managing Director EMEA, Masttro; Ayesha Abbas, VCGM, Head of Priority and Premium Segments, Standard  Chartered Bank; Deepak Agarwal, CEO – Middle East and Africa, Kotak Mahindra (UK) Ltd.; Navneet Kampani,  Managing Director Chief Iinvestment Officer & Risk Head, Lamer Capital Limited; Ihab Khader, Senior Account  Manager, eToro; Avinash Menon, Head of Wealth Management, National Bank of Oman. 

The summit will cover topics like: 

· An Overview of Wealthtech Adoption in the Middle East 

· Mastering Information in Wealth Management 

· Regulatory Compliance and Innovation Trends in Wealth Management – A Global Perspective · Digitizing the Wealth Management Experience: Refocus On The Customer & Delivering Customer-centric Journeys And much more! 

Find out more about the event here. 

Save the date in your calendars. 

See you there.

Dispersion Holdings, an investment company specialising in decentralised finance (DeFi) and  established by the co-founders of Argo Blockchain plc, is pleased to announce that dealings in its ordinary shares will commence on the Aquis Stock Exchange Growth Market (AQSE) from 8am today,  30 April 2021. 

The shares will be traded under the ticker symbol DEFI. The ISIN code is GB00BN6JHS87, and the  SEDOL code is BN6JHS8. 

The Company has been admitted to the Access segment of the AQSE following a placing and  subscription at 3p per share, that raised a combined £9 million. The Company previously raised £2.2  million before expenses in a pre-IPO fundraising round. 

DeFi is a disruptive technology that uses the blockchain and cryptocurrencies to remove financial  intermediaries from transactions creating a quicker, cheaper, more efficient and more secure way of  providing financial services. 

On admission, the Company will have 612,500,000 ordinary shares in issue, valuing Dispersion  Holdings at a market capitalisation of approximately £18 million. 

Tennyson Securities and Novum Securities acted as brokers to the Company, with Novum Securities  also acting as Corporate Adviser. 

The flotation will enable Dispersion Holdings to raise the public profile of DeFi and provide new funds  for the Company to execute its portfolio driven investment strategy and realise long-term value creation.  The global DeFi market is seeing strong growth and by August 2020, it was estimated that $7 billion  was held in various DeFi platforms (source: medium.com). 

The Company has already made initial investments in NFT Investments plc and ePIC Blockchain  Technologies, Inc.. 

Michael Edwards, Chief Executive Officer of Dispersion Holdings, said: “Dispersion Holdings’ admission to the AQSE Growth Market marks a significant milestone in our journey and, indeed, for  the DeFi sector in the world’s leading financial centre. It is a vote of confidence in our investment plans  and gives us a firm foundation on which to build our long-term growth strategy in a market that has  bright days ahead. London has a golden opportunity to become the global capital for DeFi, and we look  forward to demonstrating the value of this growing part of the FinTech sector.” 

Company Highlights

The Company will look to identify investment opportunities in the high growth FinTech sector within  the UK, the USA and Canada. The Board intends to deploy the majority of the Company’s cash  resources in the acquisition of minority interests in a number of different, yet to be identified, companies  in the broad FinTech sector, and to apply expertise to the business operations and strategic plans of  these companies. The experience, operational skills and contacts of the Board are intended to act as an  accelerator to start-ups and early-stage companies to maximise their profit opportunity.  

The Company’s Directors have an established track record, experience and networks in the crypto  currency sector, digital assets management and decentralised finance, as well as the media industry to  drive value creation. 

The Board of Directors includes Michael Edwards (Chief Executive Officer) – the co-founder of Argo  Blockchain (LSE: ARB), Guild Esports (LSE: GILD) and Cellular Goods (LSE: CBX) and Timothy Le  Druillenec, a Director of NFT Investments Plc. 

The other Non-Executive Directors of the Company are Mark Rutledge, CEO of Carraway Capital  Corp., an investor with a decade’s worth of experience in the cryptoasset world and more than 25 years’  experience in structuring and financing technology start-ups, such as 20 Year Media, an early AI pioneer  in chatbot technology and Misha Sher, Vice-President of Sport and Entertainment at MediaCom, who  brings a 15 year career in sponsorship, media and digital marketing, having negotiated in excess of $100  million in sponsorships and rights agreements across four continents.

• Product Reviews
• 03.05.2021 02:49 pm

• What does the product do?

Scality ARTESCA is a new application-centric, developer-friendly, and cloud-first object storage platform designed for an emerging breed of cloud-native, AI/ML, analytics, and in-memory workloads. Lightweight and easy to deploy, it offers an app-centric ability to view and manage data no matter where it lives. ARTESCA is an enterprise class, fully-containerised object storage solution that transforms how data is managed and delivered in a cloud-native world. It can scale out to limitless capacity, with lightning fast agility, to run in any environment where data needs to be delivered and processed -- in the cloud, in the datacentre or at the edge.

• Who needs the product?

With the emergence of new workloads in AI/ML, business intelligence, big data analytics, in-memory databases, and brand new workflows at the edge, applications need faster access to massive volumes of data, whether it is in the cloud, at the edge, and on prem. A fresh approach to data delivery is essential, one that is application-centric, rather than location or technology-centric. 

Application owners and developers need a universal data layer that allows application and data portability across environments (on-premises, in the cloud or at the edge), with API-based access that is natural for cloud-native apps. This gives them fast and uniform data access without the expense, time or resources needed to migrate and move data for application use.

• What is special about the product? 

Scality ARTESCA is unique in offering the only cloud-native storage that is lightweight and true enterprise grade. 

• What features are relevant?

Application & Management APIs 

• Comprehensive S3 API, including full IAM implementation 

• Streamlined, intuitive User Interface 

• Prometheus API 

Scalability 

• Scales out organically from single node to web-scale 

Data Protection 

• Async replication to remote instance 

• Dual-layer erasure coding for highest levels of data durability with lowest overhead and improved performance 

Performance 

• Fast, application-centric primary storage for new or emerging workloads 

• High performance with ultra-low latency and scale-out to 10s of GB/s throughput 

Cloud-Native 

• Fully containerised, Kubernetes based architecture 

• Supports multiple Kubernetes distributions as well as bare-metal deployments 

Multi-Cloud Aware 

• Built-in multi-cloud data, workflow management and metadata search in a single pane of glass 

• Federated cloud data management with a global namespace 

Software-defined 

• Adaptive and sustainable across future platforms and technology innovations 

• No silos, forklift upgrades or data migration 

• Deployed on industry-standard x86 storage servers (no vendor lock-in, optimal TCO)

• Who is the competition?

Scality ARTESCA is leading the field as the very first truly cloud-native object storage solution, lightweight and enterprise-grade at the same time. Other solutions are at best cloud-ready (vs. cloud-native) or lack enterprise capabilities expected by application owners and developers.