Increased load on legacy machines
The majority of banks in Europe still operate on legacy mainframes. With PSD2 and the Open Banking directive giving third-party providers (TTPs) real-time access to customer account information, the rise of TTP applications equals a large increase in traffic.
That growing number of transactions and queries puts a load on legacy machines for which they simply weren’t designed. Heavy traffic causes latency and a significant drop in system performance for customers and bank employees.
OUR SOLUTION
Step 1
Using a bank’s existing software, Biffee extracts customer data from the core banking system in real time. The data is transferred to the Biffee archive where it's structured and optimized for analytics and convenient browsing.
Step 2
Since no one can predict just how much traffic will increase, Biffee offers linear scalability with commodity x86 servers. This eliminates the need for significant and costly upgrades to the core banking system. When resource demand grows, simply add more PCs to the infrastructure to swiftly adjust the performance.
Step 3
Everything happens in a secure environment. The access layer supports strong OAuth2 and Kerberos authentication protocols as well as SSL encryption. Biffee also keeps multiple copies of data - information can’t be accidentally deleted or lost due to single-node failure.
Step 4
Access to data is strictly controlled based on predefined roles and permissions, to prevent unauthorized persons from obtaining customer account information. When PSD2-compliant apps send account information queries, data from the Biffee archive is quickly retrieved and sent back.
