Bangalore: Infosys today announced that its Finacle core banking solution running on an Oracle SuperCluster engineered system has set new global benchmarks for the number of transactions processed across key banking functions.
In a test that was audited and reviewed by the global audit firm, Ernst & Young, the solution supported over 1.9 billion bank accounts with near linear scalability – a number higher than the current population of China, the most populous country in the world. The tests were conducted across a mix of 12 business critical online transactions and batch processes. The Finacle solution 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. This represents six times the daily volume of transactions currently processed by the entire US banking system, based on industry estimates of transaction volumes. These results highlight Finacle’s capabilities to help banks manage extremely large transaction volumes and cater to a dynamically growing customer base at lower costs.
In a release, Haragopal M, Sr. VP & Global Head – Finacle, Infosys said, “Efficient performance and robust scalability are critical requirements for banks to manage growth globally. The current lab benchmarks demonstrate Finacle’s prowess in consistently processing large volumes of transactions across critical banking functions. With Finacle, banks can now scale without worrying about managing exponential increases in business volumes and operational costs.”
David Hicks, VP, Worldwide ISV, OEM & Java Business Development, Oracle said, “Oracle Exastack Optimized recognizes partners who have optimized their solutions on a complete, integrated and cloud-ready infrastructure in order to help them accelerate innovation, unlock new features and functionality, and deliver superior value to users. By achieving Oracle SuperCluster Optimized status, Infosys has demonstrated that its Finacle core banking solution is tested and tuned to work with Oracle SuperCluster to help deliver performance, scalability, and reliability to their customers. With the latest benchmark figures achieved with Oracle SuperCluster, Finacle has demonstrated its ability to support near linear growth in transaction volume and customer base for retail banking.”
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