Form3 Partners with Beeks to Strengthen Their Payments Technology Platform

Form3, the leading cloud-native payments technology provider, has selected Beeks Group to build a secure, private network and provide hosting facilities for their payments technology platform. 

As a payments platform, Form3 has grown from the regulatory requirements of the Payment Services Directive (PSD2). The company'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.

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.

A market-leading, end-to-end solution was formed as a result of the successful collaboration between Form3's specialist market knowledge and expertise in software together with Beeks' private cloud infrastructure, network design, support and implementation.

"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," says Michael Mueller, Form3's CEO.

"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."

Earlier this month, Form3 has partnered with Goldman Sachs Transaction Banking (TxB) to launch a new solution that supports foreign exchange (FX) and cross-border payments capabilities for its banking clients.