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. The decision was influenced by OrangeMantra’s reputation for combining technical expertise with a deep understanding of the intricacies of the banking industry. The solution provided a foundation for the bank to adapt to emerging technologies and seamlessly integrate additional features as the financial landscape evolved.
BFSI
Digital Banking & Finance
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.
The team adopted a Service-Oriented Architecture (SOA) model to enhance the system’s functionality. This approach ensured seamless communication between different services and components.
The infrastructure was precisely designed to support 24/7 instant payment processing, eliminating delays and enhancing overall efficiency.
The payment platform adhered to industry standards, providing comprehensive transaction information. This approach assisted to address potential payment delays due to compliance checks.
Building a sophisticated payment processing system posed significant technological challenges. The client team navigated complexities without technical understanding of the banking domain.
Ensuring a seamless transition, meeting the stringent requirements needed rigorous planning to integrate the latest architecture with existing legacy systems without impacting ongoing operations.
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:
Due to a properly planned payment processing architecture, the complete system currently serves over 10,000 large and SMEs.
The implemented payment processing architecture achieved an impressive 99.741% failure resistance, ensuring uninterrupted service availability.
The system demonstrated high throughput, efficiently processing a vast number of transactions. A unified API streamlined access to all business-oriented services, simplifying the overall user experience.
The payment platform featured a unified and well-defined interface, enhancing user interaction and reducing complexity for both customers and internal stakeholders.
