Infosys Finacle, part of EdgeVerve Systems, a product subsidiary of Infosys announced that its Finacle Core Banking Solution running on an Oracle SuperCluster M7 has set a new record for the number of banking transactions processed.
In the test, which was observed and reviewed by the global advisory firm Ernst & Young, the solution supported more than 2.0 billion bank accounts with near linear scalability. The results showcase Finacle's capabilities to manage extraordinarily large transaction volumes to help banks cater to their growing business demands at reduced costs.
The tests were conducted across a mix of delivery channel transactions that could originate from branches, ATMs, online and mobile channels. Finacle Core Banking version 11.1.2 was tested on Oracle SuperCluster M7, Oracle's SPARC T7/M7 servers running Oracle Solaris 11.3 with Oracle Database 12c along with Oracle WebLogic 12c to determine its performance and scalability parameters. PCI DSS security compliance on Oracle Solaris 11.3 was carried out as reported by Oracle. (1)
Key performance highlights:
- The test was simulated on the Finacle database of more than 65 terabytes having more than 210,026 branches
- Finacle processed 279 million business transactions per hour (i.e. 446.76 million effective transactions per hour) which is equivalent to more than 77,000 business transactions per second (i.e. more than 124,000 effective transactions per second), to manage workloads comprising customer touch points across delivery channels and third-party systems
Quotes:
Michael Reh, Executive Vice President, Infosys and CEO (designate), EdgeVerve:
"The test results confirm that the Finacle Core Banking Solution on an Oracle system offers banks the scalability required to manage spikes in current transaction volumes as well as the scalability banks require to profit from vast data volumes in the future."
Ganesh Ramamurthy, Senior Vice President, Product Development, Oracle:
"Oracle's SuperCluster M7 and SPARC T7 and M7 systems offer breakthrough technology for memory intrusion protection and encryption, with hardware acceleration for Oracle Database In-Memory – a combination that's particularly powerful for banking and financial services. Infosys' latest Finacle results on SuperCluster M7 demonstrate the superior performance, efficiency and security capabilities of SPARC M7 with Oracle Database 12c and WebLogic Server 12c for critical banking functions."
