New enhancement enables 3,000+ transactions per second (TPS)
for every single account Pismo clients operate
BRISTOL, England, June 24, 2024 /PRNewswire/ -- Pismo, a global
cloud-native core banking and card processing provider, announced a
significant enhancement to its core authorisations engine. The
upgraded system now supports 3,000+ concurrent TPS for each
customer account, a volume of transactions ten times
greater than the previous version.
This update addresses the needs that large business customers
require of their financial institution in an always-on world. It
supports organizations during high volume traffic surges, payroll,
and more. These key accounts require the highest levels of
throughput, availability, and scalability and will benefit the most
from this update. Pismo will be upgrading all clients over the next
six weeks.
"The ledger is the heart of a banking system. It manages account
balances and limits, keeps track of the change in account balance,
and validates if an account has enough balance for a transaction.
Speed and accuracy are pivotal," says Juliana Binatti,
co-founder and CPO at Pismo. "By offering a streamlined system
that can handle 3,000+ simultaneous transactions per second in
every single account, we are giving our clients the peace of mind
to deal with traffic surges, helping them improve their client's
experience."
The platform update took 18 months, including research,
development, and extended testing. Pismo tested the enhanced ledger
with the participation of a Tier 1 banking client. The rollout for
current clients will occur over the next two months. New clients
will be onboarded with this new functionality immediately.
Business as usual
As a cloud-native provider, API updates are not new for Pismo.
The company provides more than 400 deployments on its platform
monthly. Adopting a best-in-class continuous delivery process
makes it possible to offer regular security and performance
enhancements, and new features without impacting the platform's
99.99% uptime. With no action required by the clients and with full
transparency, Pismo clients will enjoy the benefits this latest
update provides.
Pismo processes more than 108 million accounts*. It has
headquarters in Brazil, with
offices in the UK, US, India, and
Singapore, and more than 500
employees. Pismo has broad product coverage, including core
banking, payment processing, card issuing, digital wallets,
lending, transaction banking, and financial asset management
functionalities. After being acquired by Visa International in
January 2024, the company remains
network agnostic, working with the leading card networks.
*Pismo platform data - May
2024.
Media contacts:
Pismo
Patricia Bartuira
+1 (786) 270-6253
patricia@bmcsmart.com
Debora Fortes
Pismo
press@pismo.io
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