Technisys

Technisys states that Cyberbank is deployed as an instanced solution, natively to the cloud (Azure and AWS) or to an on-premises or hybrid environment. The instance can be managed by the bank or provided as a managed solution.

In either case, the bank owns the instance and therefore governs all data and access to it. Technisys imposes no restrictions to it directly or through APIs.

Data can be imported and exported in a number of formats; the preferred method is through Cyberbank’s REST API. 

Technisys states that Cyberbank is designed to be API-centric. All of its components (microservices) expose REST-based APIs, and the platform includes state-of-the-art security capabilities.

(OAUTH2 provider, token management, secure encrypted communications and more) embedded in its API technology.

The framework provides extensive flexibility to define internal (closed) and external (open) API endpoints that allows the bank to share (or not) with authorized parties the required information.

(Including Exclusivity, Coterminous Contracts, Deconversion Fees, Limitation of Liability, SLAs and Early Termination Penalties)

Technisys states the following:

• No exclusivity provisions. All agreements are non-exclusive.
• Coterminous contracts are not applicable.
• In the event of deconversion from Cyberbank Core, Technisys would support deconversion on a time and materials cost basis.
• In no event will Technisys be liable to purchaser for any special, incidental or consequential damages, whether based on breach of contract, tort (including negligence) or otherwise, whether or not purchaser has been advised of the possibility of such damage. Technisys will be only liable for acts or omissions based on negligence or misconduct. The liability of Technisys for damages or alleged damages hereunder, whether in contract, tort or any other legal theory, is limited to, and would not exceed, an amount equal to the sum of the payments made by purchaser to Technisys in relation with any agreement in the last 18 months.
• Technisys will provide support and services based on agreed upon levels with purchasers.
• In the event of voluntary termination and purchaser’s pursuant failure to communicate such termination at least 90 days prior to the commencement of a new invoice period start date, purchaser shall pay Technisys an early termination charge. The early termination charge shall equal 50 percent of the most recent annual subscription fees