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
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