MYHSM has established a strategic partnership with EFTLab, a global payment technology company to drive full-cloud deployments worldwide. The partnership provides fintechs, banks and merchants with a more cost-effective, agile and compliant deployment solution strategy, eradicating the need for legacy infrastructure and legacy technology systems.
EFTLab offers a variety of Breakthrough Payments (BP) solutions. Security and scalability are at the forefront of this partnership and companies seek to facilitate cloud transformation and deployment with innovative solutions. The current surge in cloud adoption has been accelerated globally by Covid-19, and this partnership simplifies cloud architecture while reducing the total cost of ownership, investment costs and regulatory burden.
CEO of MYHSM, John Cragg said in a statement, “MYHSM aims to simplify the complex payment infrastructure and provide this as a globally accessible service, delivering reduced capex without compromising on security standards. EFTLab shares this ethos and together we are perfectly placed to offer the payments industry an affordable and flexible full-cloud payment solution which can be implemented quickly and efficiently, accelerating time to market. We are excited to work with EFTLab, both services remove huge barriers to entry and provide expertise and support along the way.