![brand-elements](/themes/custom/bootstrap_xoriant/images/dot-4.png)
![brand-elements](/cdn/ff/JF2WQxBCkxFbRg6a_prZFv8MaZ1oY8UhqyG_Ms085KY/1692875438/public/styles/webp/public/2023-08/Group%201410075574_1.png.webp?itok=JO9oZE8H)
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