Back in July in partnership with Confluent, Coforge held a webinar discussing the transformation being caused by event-streaming and event-driven architectures in modern banking. In this blog (and infographic) we summarise the key takeaways from that webinar, showcasing how forward-looking banks are getting ahead of the curve with real-time streaming.
When it comes to banking, event streaming and event-driven architecture is transforming the way banks operate on a daily basis. In the table below, we examine these transformations:
WITHOUT EVENT STREAMING
WITH EVENT STREAMING
Batch orientated with settlements happening T+1 or T+2
Real-time payment processing High throughput that easily scales on a small hardware footprint
Legacy MQ technologies that are difficult and costly to scale