Recently Intellect Design Arena Ltd and Oracle Systems ISV engineering jointly executed performance testing of Intellect Liquidity and achieved record breaking results. Intellect, the organization behind the world’s first comprehensive Global Transaction Banking (iGTB) product and Platinum level member of Oracle PartnerNetwork (OPN), achieved 10 times faster benchmarks on Liquidity Platform running on SPARC T7 servers for processing transactions covering the key functions of corporate Algorithmic Liquidity Management (ALM). The iGTB solution can process over one million complex sweep structures at 7,516 instructions per second. It is also capable of processing over 200,000 transactions with up-to-three-months back dated sweeps in a little over three minutes; and over a million with full intercompany loan processing in nine minutes (1,692 per second).
It is a highly complex, rule-driven, automated process that has to cater for regulatory restrictions in any of over 160 countries, that demands tax calculations (including reworking earlier calculations where back-dated payments are involved), automatic set up, fair interest deduction, repayment and audit of intercompany loans and even more complex interest or margin allocation across ‘notional pools’, which treat multiple accounts as a single holding for interest purposes.
Performance With Extremely High volumes
These results are
more than ten times better than the last benchmark on a competitive hardware
platform with propriety processors.
How the Results Were
benchmarking was conducted and reviewed jointly by iGTB and Oracle Systems
engineering teams. The tests were conducted across a mix
of 11 business-critical batch processes. The solution was tested on Oracle SPARC
T7 servers with Oracle Database 12c and Oracle Solaris 11 to determine their
performance and scalability parameters.
* The primary
domain was configured on both the T7s with 16 cores. Only 50% of the cores on
each system was used: 16 cores out of the 32 cores available on each T7-1
More About Intellect
Intellect Design Arena Ltd, a specialist
in applying true Digital Technologies, is the world’s first full spectrum
Banking and Insurance technology products company, across global consumer
banking (iGCB), Central Banking, Global
Transaction Banking (iGTB), Risk, Treasury and Markets (iRTM), and Insurance
(Intellect SEEC). With over 25 years of deep domain expertise, Intellect is the
brand progressive financial institutions rely on for digital transformation initiatives.
Design Thinking for cutting edge products & solutions for Banking and
Insurance, with design being the company’s key differentiator in enabling
digital transformation. FT8012, the world’s first design centre for Financial
Technology, reflects Intellect’s commitment to continuous and impactful
innovation addressing the growing need for digital transformation. Intellect
generates annual revenues of more than USD 124 million, serving more than 200
customers through offices in 40+ countries and a diverse workforce of more than
4,000 solution architects, domain and technology experts, in major global
financial hubs around the world.