Leading provider of cloud-native distributed SQL databases, Cockroach Labs, and international professional services company PwC UK have a strategic partnership.

The partners will offer complete solutions to financial institutions wanting to manage the intricacies of operational resilience, data sovereignty, and the migration from old systems. Their goal is to confront the issues of regulatory compliance and mainframe modernization.

Operational resilience paramount today

The importance of operational resilience has increased recently, as seen by the Digital Operational Resilience Act (DORA) and regional regulations such as the Prudential Regulation Authority (PRA) of the Bank of England, which call for the use of multi-region and multi-cloud platforms.

According to Jon Maskery, Cloud Transformation and Payments Leader at PwC UK, "designing for operational resilience is paramount as significant regulatory headwinds underscore the importance of multi-cloud and multi-region platforms."

"In a saturated market, CockroachDB is more than simply another database in our opinion. It offers our clients a vital way to lower the regulatory risks connected to cloud transition, operational resilience, and data sovereignty.

Form3, a multinational payment technology platform and Cockroach Labs customer, is a prime example of how CockroachDB is used to create a robust and scalable multi-cloud architecture that keeps businesses running even in the face of major interruptions.

PwC: Assisting with data sovereignty

Data sovereignty is still a complicated topic today as different countries have different laws that make cross-border data transfers more difficult.

Financial institutions also have to adjust their operations to be compliant when these requirements change.

PwC UK helps multinational corporations overcome these obstacles and transform into more individualized and client-focused digital banks. It can now handle data domiciling in hybrid settings and multi-region clusters thanks to its partnership with CockroachDB, giving businesses the freedom to adhere to a variety of data sovereignty rules.

Addressing mainframe modernisation

The collaboration also tackles the urgent requirement for modernizing mainframes. PwC UK prepares rollout plans and migrates effective solutions to minimize the risks associated with modernization.