Infosys has set a new global benchmark for the volume of inter-bank payment transactions processed, by conducting a performance benchmark exercise of Finacle
Payments solution version 11.0 on Oracle SPARC T5 servers running Oracle
Solaris 11.2 and Oracle Database version 11.2.0.2.
The solution processed over 75 million payments per hour or over 21,000 payments per second. This capability supersedes known inter-bank payment transactions volume requirements of banks of all sizes.
Inter-bank payment transactions globally consist of both high and low value payments and these are typically processed in large quantities. Finacle Payments, a robust, reliable and highly scalable solution, addresses such high volume requirements of interbank payments across various payment networks and supports the future growth of banks. Moreover, the solution enables significant improvement in operational efficiency and reduction in costs by simplifying and rationalizing multiple payment processing systems, into a single comprehensive solution.
"As customer engagement models transform, new payment options and platforms are driving a surge in non-cash payment volumes globally. Efficient, robust and scalable payment solutions are critical for financial institutions to manage growth confidently. With this benchmark, Finacle running on Oracle SPARC T5 servers has clearly demonstrated its reliability in supporting banks with large payment volumes as well as helping them future proof the ability to manage increasing volumes at significantly lower costs." - Michael Reh, Senior Vice President and Global Head, Finacle, Infosys
For more details, see the Infosys November 4, 2014 press release.