Fundtech has announced that in a benchmark test performed in collaboration with IBM, the company’s Global PAYplus integrated payments platform set new throughput and performance records. Utilising the combination of batch and real time input, the test established that the platform is sufficient to handle the high and low care (RTGS and ACH) volume requirements of any size of bank, anywhere in the world. The benchmark was requested by a large financial institution to demonstrate that Global PAYplus meets the requirements of the new UK Faster Payments scheme. This initiative, currently targeted to go live in May of 2008, demands the processing of high volumes of low value transactions in seconds. Running on IBM System p5 575 cluster nodes, Global PAYplus processed over seven million transactions in a sustained one-hour run. Results also demonstrated the linear scalability of the solution as additional hardware was added. No limitations were identified that would prevent this solution scaling to even larger volumes.
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