Re-engineered Legacy Middleware for Asynchronous Payment Processing

Client Background

• The client is a leading financial institution providing settlement services to its members in the foreign exchange market
• The client used a legacy middleware system with monolithic architecture to support payment processing that affected performance and throughput

Xoriant Solution

• Xoriant helped re-engineer and rearchitect the payment and message gateways to handle incoming & outgoing SWIFT, FED, SIC, ISO20022 and MT messages
• Development of sub-components: Real-Time Gross Settlement Manager, Payment Gateway, Pay-In Manager, Pay-Out Manager

Key Benefits

• Improved maintainability of the code with simplified codebase by focusing on business logic
• Improved throughput, enabling the gateway to process 3.2 million inputs/day