Our client is a reputed commercial banks in UAE. They offer a wide array of banking services to million of customers. The bank is on the agenda to embrace digital technologies and become a modern bank. To support their digital transformation services, the bank is completely revamping the legacy banking ecosystem. OrangeMantra was the right fit to serve their digital transformation needs.
Such a large-scale bank required solid technological capabilities. Therefore, they started a process to develop a payment processing system and invited OrangeMantra to participate.
Based on our immense experience developing payment solutions with a deep understanding of banking industry, our team designed a payment system architecture. Our payment system design prompted the bank’s executives to establish partnership as a reliable financial software development services provider.
We started by replacing their legacy platform with a microservices-based platform to process all transactions. To provide the functionality, we chose a service-oriented architecture (SOA) model. To keep system interoperability and eliminate service dependency, we use Pub/Sub. When designing the solution infrastructure, our team focused on ensuring instant 24/7 payment processing.
Our client’s payment platform architecture is designed with the industry standards that provides more detailed information regarding a transaction. It enables the bank to remove possible payment delays caused by compliance checks. Also, the system developed complies with the requirements of central banks.
Using the latest technologies and practices, OrangeMantra developed the latest payment processing architecture that’s the core of our client’s whole banking ecosystem. Some of the major achievements:
24/7 availability and 99.741% failure resistance
High throughput
Unified API for all business-oriented services
Unified and well-defined interface
Due to a properly planned payment processing architecture, the complete system currently serves over 10,000 large and SMEs.