This financial institution is one of the top 10 largest global banks by assets and is a network of cooperative and mutual banks, with a customer-focus banking model.
In line with regulations and their focus on a positive customer experience, this bank required an instant payment service to process payment transactions in real-time and ensure the highest levels of reliability. They also needed to assure to scale capacity ahead of demand and employ sophisticated analytics to help prevent fraud and identify actionable insights from the data they collect.
With GigaSpaces’ in-memory real-time analytics platform, this customer was able to develop and deploy an instant payment solution that meets regulatory requirements on a global scale, handling thousands of payments/sec. Each payment transaction is executed in 500 milliseconds with end-to-end validation, including fraud analysis and others, within seconds. The solution meets mission-critical applications requirements such as high availability and fast recovery.
Running low-latency payment and business logic calculations