Client required to create a local data platform for its wholesale banking transactions as per the local regulators’ requirements.
Bank wanted a futuristic architecture having a configuration-based system for “Reporting” and “Account information” that can be deployed to other geographies having similar localization requirements.
Coforge designed and implemented SOTA architecture on GCP.
Considering vast amount of transaction data in scope, design included data sharing and replication on MongoDB.
Amended customer journey implementations, covering channel implementations and APIs to access geo specific data with no change in payment creation and authorization flows.
Redesigned transaction and advice matching process (core and advance) - 4 Matching condition, 16 advance condition and 3 MT message types (MT 940 - End of day, MT 942 Intraday, MT 999):