Friday Dec 05, 2014

Record Performance and Seamless Scalability in Core Banking with Infosys Finacle and Oracle SuperCluster

New White Paper                               

Demonstrating extraordinary performance and scalability, an Infosys Finacle core banking solution version 10.2.13, running on an Oracle SuperCluster T5-8 system recently set a new global benchmark for the number of transactions processed across key banking functions. In a test that was audited and reviewed by a global business consulting and audit firm, the solution supported more than 1.9 billion bank accounts with near linear scalability. The test also saw Infosys Finacle processing 726 million effective transactions in four hours, or more than 50,000 average transactions per second. The press release was issued by Infosys a while back.

A new whitepaper describers the technical details behind the testing and results of this work and how it sets a new standard of scalability for core banking infrastructure.

Read the white paper for details.

Tuesday Nov 11, 2014

Infosys Finacle Payment Solution on Oracle SPARC T5 Servers Sets New Global Benchmark

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.

Thursday Apr 10, 2014

Infosys Finacle Supports Over 1.9 Billion Customer Accounts on Oracle SuperCluster with Oracle Solaris 11

Infosys announced on April 9, 2014 that its Finacle core banking solution(1) running on an Oracle SuperCluster engineered system(1) has set new global benchmarks for the number of transactions processed across key banking functions. The solution supported over 1.9 billion(2) bank accounts with near linear scalability – a number higher than the current population of China the most populous country in the world(3)!

The tests were conducted across a mix of 12 business-critical online transactions and batch processes. The Finacle solution(1) was tested on an Oracle SuperCluster and Oracle SPARC T5 servers with Oracle Solaris 11 to determine its performance and scalability parameters.

The test also saw Finacle processing 726 million effective transactions in four hours, or over 50,000 average transactions per second, to manage workloads comprising of multiple online transactions and customer touch points as well as third-party systems. 
  • The Finacle core banking solution(1) processed interest accruals for over one billion term deposit accounts in less than 87 minutes, or an average of 213,000 records per second.
  • The solution demonstrated its ability to manage large delivery channel workloads by processing 204 million effective transactions in 35 minutes, or an average of 97,000 effective transactions per second.
  • Interest payments to over 79 million savings accounts were processed in 32 minutes, or an average of 41,000 transactions per second.
  • The test was simulated on the Finacle database of over 49 terabytes having over 205,000 branches and more than a million branch users.
  • Finacle’s latest performance levels(1) have shown an improvement of three to five times over its own earlier established benchmarks.

Infosys achieves Oracle SuperCluster Optimized Status
Infosys Finacle(1) has earned the Oracle SuperCluster Optimized status through Oracle PartnerNetwork (OPN), demonstrating that Finacle(1) has been tested and tuned on Oracle SuperCluster to deliver speed, scalability, and reliability to customers. Infosys is a Diamond level member of Oracle PartnerNetwork.

Read the press release.

News spreads fast: Marketwatch, PRNewswire, Business Standard, Kerala IT News, AD HOC NEWS, moneycontrolIIFL, WN

More information about Infosys on Oracle SuperCluster:
Infosys Finacle Core Banking Solution on Oracle SuperCluster and Oracle’s SPARC T-Series Servers

Notes:
(1) Infosys Ltd., conducted a performance benchmark exercise of Finacle Core Banking Solution version 10.2.13 (herein referred to as ‘Finacle’) on Oracle Solaris 11.1 operating system, Oracle T4/T5 servers at the web, JEE and application layers. Further, Oracle RAC database was deployed on Oracle SuperCluster, WebLogic Server 10.3.6 was deployed on JEE servers and Oracle Http Server 11.1.1.6 was deployed on Web servers for online transaction processing mix of 12 business critical transactions
(2) The benchmark was simulated on Finacle database of size 49.84TB having 205,028 branches, 947,364,904 customers, total of 1,969,026,822 accounts, 17,825,570,000 transaction history and 1,037,904 branch user.
(3) China’s population figure as of 2012 from World Bank website
(4)As per the recent CEB Towergroup report titled Planning Your Cross-Channel Future published on Dec 2012, the total volume of transactions per year in US is 73.9 billion or 205 million transactions per day

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