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PwC UK and Cockroach Labs have announced a strategic collaboration to “reduce the risks, costs, and complexity of regulatory compliance and mainframe modernisation”.
This partnership will offer end-to-end comprehensive solutions to banks and financial service institutions grappling with evolving regulatory complexities and impending mandates.
Additionally, they will address the growing need for financial firms to migrate from legacy mainframes in alignment with modern customer expectations and industry-wide cost optimization initiatives.
Jon Maskery, cloud transformation and payments leader, PwC UK, said: “Designing for operational resilience is paramount as significant regulatory headwinds underscore the importance of multi-cloud and multi-region platforms.
“We view CockroachDB as more than just another database within a crowded market. It provides our clients with a critical solution to reduce regulatory risks associated with data sovereignty, operational resilience, and cloud transformation.”
Allen Terleto, head of global partners and ecosystem, Cockroach Labs, added: “Legacy modernisation initiatives have regained momentum as cost optimization and unlocking siloed on-premises data for Gen-AI readiness have been elevated to executive boardroom discussions.
“Our strategic collaboration with PwC provides comprehensive business and technology solutions across a broad range of financial services including banks struggling with mainframe modernization, payment systems mitigating operational resiliency risk, and cross-border fintechs challenged by data sovereignty regulations.”
Cockroach Labs is a software company with clients including Bose, Form3, Hard Rock Digital, Nubank and Shipt.
