MYHSM by Utimaco has announced its Payment Hardware Security Modules (HSM) as a Service is now available in AWS Marketplace.
As part of the growth, customers can now directly connect to and deploy the MYHSM Service, which focuses on a full-cloud, multi-cloud or hybrid cloud payments strategy.
Eyal Worthalter, VP Platform Solution and Growth at MYHSM, commented on the expansion of the firm’s offering: “With our dedication to provide Financial Institutions and FinTechs with a cost-effective, efficient and flexible means of using Payment HSMs, this is a natural and logical development in our mission to drive Payment HSMs as a Service.
“MYHSM’s listing in AWS Marketplace will make it possible for Financial Institutions and FinTechs to operate independent of legacy infrastructure and reduce the complexity and cost of managing and operating Payment HSMs. With a fully managed service customers can be set up in days and can focus on their core business with SME’s responsible for the service, security, and system maintenance.”
MYHSM is the first multi-vendor Payment HSM Service provider offering a globally accessible, fully managed, Payment Card Industry (PCI) PIN and PCI DSS certified service using HSM manufactures such as Utimaco Atalla AT1000 and Thales payShield 10K.
Accenture notes the significant growth in cloud investment is predicted to continue and expand at a rate of around 15% through 2022. And the surge in public cloud adoption fuelled by Covid-19 to drive digital transformation and online transaction processing has seen many financial services accelerating their own cloud strategy.
The announcement marks a significant development for the industry, since until now, users of Payment HSMs have had no alternative option but to operate and manage the hardware on-premises or co-located with a data centre provider – both restrict a full cloud adoption strategy.