Case Studies
Modernizing a Financial Transaction Infrastructure for Cross-Border Expansion
Overview
Analytics & Modeling - Predictive Analytics Application Infrastructure & Middleware - Data Exchange & Integration Platform as a Service (PaaS) - Connectivity Platforms | |
Finance & Insurance | |
Business Operation Quality Assurance | |
Fraud Detection | |
Software Design & Engineering Services System Integration | |
Operational Impact
The initial deployment of the fast payment system was scaled to process 14,000 transactions per second, with latency of less than 20 milliseconds per transaction. This performance level met the customer requirements, but the application has the ability to scale up to 100,000 transactions per second to accommodate future growth. | |
A combination of in-cluster backups and remote data replication using the WAN Replication feature of Hazelcast provides the reliability to run a 24/7 real-time payments operation. | |
The fast payments solution was recognized by The Banker with their “Innovation in Digital Banking Award” for the payments category for 2020. The Banker has been a leading source of economic and financial reporting for the banking industry since 1926. | |
Quantitative Benefit
Reduced development cycles from six months to one to two weeks per release. | |
Achieved five nines (99.999%) availability. | |
Scaled to process 14,000 transactions per second with latency of less than 20 milliseconds per transaction. | |