Dovetail and Intel have collaborated in tests to prove the power of their scalable payments components, Faster Payments solution. The solution is designed to deliver near linear scalability across industry-standard, commodity priced hardware. The trial focused on processing individual payments through a Faster Payments flow typical for a member bank, using ISO20022 as the normalising format. Results revealed that one dual core Intel Xeon processor powered machine could handle 265 transactions per second from end to end with full resilience and auditing enabled. In addition, the test demonstrated near linear scaling, as additional machines were added. The experiment concluded with a five-machine cluster processing more than 1,300 transactions per second, or over 4.5 million per hour. No performance limitations were identified that would prevent scaling beyond the hardware available for this test.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more