Form3 selects Beeks to underpin their payments technology platform
Beeks will be working with cloud-native payments technology provider Form3 after being selected to design and build a secure private network as well as provide hosting facilities for their innovative payments technology platform.
“We’re delighted to have successfully implemented the Beeks infrastructure as a core part of our platform.” says Michael Mueller, Form3’s CEO. “In today’s rapidly changing payments landscape, the future of payments is in the cloud. It’s critical for our customers to be able to evolve their solutions and continue to improve transactional speed, convenience and security for stakeholders across the world.”
Michael Mueller continued:
“We’ve been working closely with Beeks to design a network that addresses the stringent security and performance requirements our sector demands, especially as payment volumes scale up. The Beeks solution provides us with the flexibility that allows us to have our own secure, private security infrastructure within a managed hybrid cloud environment, and there’s not a lot of providers that would allow us to do that.”
As a payments platform, Form3 has grown from the regulatory requirements of the Payment Services Directive (PSD2).
Form3’s cloud-based, single API payments technology platform reduces payment times for bank to bank payments within the UK from days to milliseconds, accelerating UK payment processing. Being household names in the financial sector, Form3’s customers have high expectations for a robust platform to meet their stringent requirements.
“Regulatory compliance concerns continue to be the most significant cloud challenge for the financial services sector”, says Gordon McArthur, CEO at Beeks. “We’re delighted to have successfully built an intelligent, secure environment for Form3 that not only meets those exacting standards, but eliminated some of the risks – and a lot of the costs – that come with in-house infrastructure solutions, making it a lot easier for Form3 to get value to their business.”
The successful collaboration between Form3’s specialist market knowledge and expertise in software together with Beeks’ private cloud infrastructure, network design, support and implementation provided a market-leading, end-to-end solution.
Beeks designed and deployed resilient infrastructure across two UK locations that included a private cloud with a fully secure network. It also delivers dedicated access to multiple public cloud service providers for a fully hybrid cloud solution and 24/7 managed support.