An institution needed their members to exchange and sync data while maintaining autonomy. Processing volume was too great for standard hardware options – and the project was on the brink of disaster.
Here’s What Happened
A global financial institution needed a solution that would allow its 872-member network of companies to exchange financial data while maintaining complete autonomy. However, processing volumes (transactions per second) were beyond the bounds of traditional hardware. The data existed locally at each of the locations and, while it could be changed at any site, all sites needed to remain in synch. A common platform for shared financial services was needed.
This Is Where We Come In
Members of the ClearWave Crew built a centralized data center capable of high throughput, high transaction volume, to serve as a point of synchronization between all member partners. Processing logic was constructed so that transactions could be disassembled, spread across an array of computers for parallel processing and reassembled. This allowed throughput capacity to be scaled by simply expanding the production array. All member partners then connected via interface to the central banking automated clearinghouse through the shared data center. This allowed a banking relationship to be created once, but shared with each of the member partners.
With all of the members able to synchronize through the data center, processing turn around far exceeded industry standards!
We Can Help You Save the Day if any of these aspects of this organization’s story are true for you too:
- Current solutions to address high throughput, high transaction data volumes are falling short
- You need a platform that is scalable to handle current- and future transaction volume demands, regardless of what they are
- A shared data center that allows all members of your company’s network to function independently while exchanging and synching data seems like a pipe dream