Orwell Hortonworks Data Summit
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The document presents the Lagertha banking platform, emphasizing its banking solutions as a service, which includes regulated cash management, payments technology, and open banking compliance. It discusses innovations in technology like micro-services, distributed architecture, and automation to improve operational efficiency, reduce costs, and enhance customer experiences. The platform aims for rapid deployment and integration of third-party services while ensuring real-time processing and regulatory compliance.
Orwell Hortonworks Data Summit
- 1. Lagertha PLATFORM Banking Platform Banking Platform as as Service Payment Processing as a Service Luis Caldeira & Gian Marco Cabiato www.orwellg.com
- 2. Lagertha PLATFORM ? We like Vikings, Elephants are nice too….. We just prefer vikings
- 3. INTRODUCTION BANKING SOLUTIONS AS A SERVICE 01 02 03 04 05 Regulated Cash Management & Borderless Banking Model Breakthrough Payments Technology Open Banking and PSD2 compliant White Label for Banks Suite of Treasury, Payments and Loyalty solutons for Corporates
- 4. INTRODUCTION BANKING SOLUTIONS AS A SERVICE Technology In Financial Services Today's challenges and future thoughts Complex estates that have been running since the late 60’s and 70’s. How to manage change in these large estates to migrate to newer technology. Complexity is not just hardware and software but offered products and lifespan of those products, some entities that number can be more than 40000 different products. Today’s institutions offer greater ranges of products, some moved to other areas like Insurance. IT is the main enabler of the banking offers and has large delivery cycles and large costs as part of the processes that must be followed. Business have lost of knowledge even from their internal operations by outsourcing or large use of consultants.
- 5. INTRODUCTION BANKING SOLUTIONS AS A SERVICE How we look at a fnancial institution Current accounts Cards Bank transfer Standing orders Direct Debits Overdrafts Loans Mortgages Savings Term Deposits Investments Guaranties INDIVIDUALS BUSINESS MERCHANTSCORPORATES KYC Overdrafts Loans Mortgages Savings Term Deposits Investments Guaranties Current accounts Cards Bank transfer Standing orders Direct Debits INDIVIDUALS BUSINESS MERCHANTSCORPORATES KYC DISTRIBUTION PRODUCTS CASH MANAGEMENT DEPOSIT TAKING
- 6. INTRODUCTION BANKING SOLUTIONS AS A SERVICE How can we address the challenges and provide bleeding edge technology at best possible cost ?
- 7. BANKING SOLUTIONS AS A SERVICE What principles should we make use of ? INTRODUCTION Micro-services. Performance Features Data Quality Operational Analytical API Gateway Stack Model. Information is everything, like water, flows and you want to store as much as possible. Models evolve don't think tables think characteristics and relationships. There is no one fnal answer but some concepts are very constant so we can employ some common sense.
- 8. BANKING SOLUTIONS AS A SERVICE After some time and some exhausted brain cells…. INTRODUCTION The idea was to have a very high performance, cloud based system that allows us to create a core banking system and fnancial supply chain in very short period. Use real-time approach to banking in a distributed context that provides high consistency, reliability at low operational cost. …. We mean a full bank, not just payments or account/cash management.
- 9. BANKING SOLUTIONS AS A SERVICE We have a list of technologies we can and a solution approach but how do we design it and get it to market ? TECHNOLOGY We look at banking in a different way not as a number on a database but as a set of changes on accounts. A balance is just the state at a certain point in time that can vary faster or slower depending on operations. Not important for a process run faster but how parallel can we run operations there is where cost saving lies.
- 10. BANKING SOLUTIONS AS A SERVICE Should we start from scratch or are there any other options ? TECHNOLOGY In low volumes the existing pattern’s are a solution but as we increase the volume high parallelism will impact the system. NoSQL databases can be a solution to increased performance but we have to look at playing with availability and consistency. Is trying to get the best of both worlds. Doesn't violate CAP but makes things optimal in some way. We looked at the different areas to provide the most complete support for all solutions element. Operational Analytical Hortonworks HDF is part of the core of the banking system. This means we have a distributed, stream based banking system.
- 11. BANKING SOLUTIONS AS A SERVICE As part of the design of the operational system we looked at: ARCHITECTURE Streaming elements that control the data flows and DSL control. Security and One central control unit that manages all baking components. Used to prototype small flows before building topologies At Orwell we not only developed the best technology models but had a very strong focus on information. The platform model created from scratch is based upon complex contractual law and fnancial concepts We make use of the Party-Contract-Product Held principles pioneered in other entities. This allows the defnitions of complex products with customized characteristics that can be built and test in a matter of days or weeks. The model is design to allows complex relationships to be defned between participants for example a company having users that manage their own self-service banking products
- 12. BANKING SOLUTIONS AS A SERVICE The Principle of the design ARCHITECTURE Kappa Architecture is a software architecture pattern. Rather than using a relational DB like SQL or a key-value store like Cassandra, the canonical data store in a Kappa Architecture system is an Apache Kafka append-only immutable log. From the log, data is streamed through a computational system and fed into auxiliary stores for serving.
- 13. BANKING SOLUTIONS AS A SERVICE How operations are tracked ? ARCHITECTURE The model supports: Accounts that require a state that moves with time and have limits (product limits, fees or facilities) applied to it. Accounts that record transaction, a direct log of operations and not states DSL Mapper is a domain boundary system that generates a command with the necessary datasets that allow a seamless execution of the operation at next stages. These are used to implement, for example, payment engines. Monitoring is Built using the Same technologies, Apache Storm, KAFKA Streams and Apache Spark The system centralises the Keys generaton. This means every operaton can be tracked in real type across the distributed system. A good example is the monitoring system.
- 14. BANKING SOLUTIONS AS A SERVICE The Accounting system, a distributed, high performance stream system ARCHITECTURE • The Follower processors are consumers of the processed log from the leader Processor. • Water marks from the original log itself, each will have a full copy of the information available from the lead. This mean async replication that allows replay without duplication and same model as the processor start fail-over recovery model. On a two node accounting system we can process Process more than 12000 payments per second. More than 3000 transactions per second on a single account.
- 15. BANKING SOLUTIONS AS A SERVICE How to approach support and Platform management ? MANAGEMENT Not Only we make use of the HDF facilities we are integrating all our services into Ambari to have one single control console for all the banking operations. Monitoring & Audit are business requirements even when the business doesn't know. First item a regulator looks at its at the audibility of processes. We want to know what , when, how and actions we have taken. We don't want the developers to spend lots of time thinking about it. Small support teams with all necessary information operate more effciently and a lower operational cost.
- 16. BANKING SOLUTIONS AS A SERVICE UK Faster Payments Model The Faster payments system is fully integrated with the platform architecture. There are 3 stages • The Connectors that interact with the gateways and external system. We have or are building connectors for all payments schemes. • The DSL’s (domain subject language) that understand the payments scheme as well as banking. They transform the request into a banking core language. • The Processors, programmable engines that can apply accounting rules and manage accounts. The FPS flow has an automated monitoring monitoring system reusing the technology of the core to monitor every step of execution for full E2E tracking and audit. Every FPS execution has its own tracking ID that allows us to at any point query results or event monitor system liquidity. ARCHITECTURE
- 17. Local RegistryLocal Registry Local RegistryLocal Registry Local RegistryLocal Registry SystemSystem SystemSystem SystemSystem Broadcast – 128bit Account Number Hash Broadcast – 128bit Account Number Hash DHT Based Network Make Payment Make Payment Communication between instances The system is designed to have multiple instances across multiple public clouds, this means each system must be instance aware. UK Germany US Instance ID Instance ID Instance ID Account Key (64Bit) Account Key (64Bit) Instance ID Instance ID Account Naming Structure to allow Routng Automated Discovery of Network partcipants UUIDs: That are customized identfers Like email BANKING SOLUTIONS AS A SERVICE TECHNOLOGY
- 18. DEPLOYMENT • CICD is not just the latest IT buzz word. It efectvely allows faster delivery of solutons as well as faster validaton of those solutons. • Use of Apache Ambari for automated Applicaton deployment and control. BANKING SOLUTIONS AS A SERVICE Why use CICD (Contnuous Integraton Contnuous Delivery) and infrastructure as code? Another important element is the automation the process brings, e.g. Automated Code validation. Automated Builds Proper version control Multi-version support, multi-client Infrastructure as code allow us to create environments that simulate production scenarios. Better rate of development Better quality of overall product. Less time loss of manually creating and confguring environments. Deploy in every scenario, Private, Public Clouds or on premise
- 19. BANKING SOLUTIONS AS A SERVICE DEPLOYMENT
- 20. BANKING SOLUTIONS AS A SERVICE TECHNOLOGY How can a banking platorm improve customer experience ? Its not just about gathering informaton but about creatng a unique experience, reducing the learning curve of learning to use applicatons, reduce fraud and beter target product to the customer.
- 21. BANKING SOLUTIONS AS A SERVICE TECHNOLOGY How can a banking platform improve customer experience ? One of the design decisions of the platform is the intention to allow a fast paced evolution of features and facilities. From this principle we created two rules: 1. Information should be used to learn and improved how customers interact with their applications. 2. The best developer experience is connected to the best customer experience The system is designed to record all internal activities to learn from its on execution of processes so we have taken the same approach for customers. Policy Improve Interactons Understand Behavior 1. Create an enum-based list of events you want to track enum LoginEvent { case loginButonTapped case loginSuccess(username: String) // More events... } 2. Confgure the instance of AnalytcsManager extension AnalytcsManager { statc var shared: AnalytcsManager { let cocoaMQTT = CocoaMQTT.shared let client = MQTTClient(client: cocoaMQTT) cocoaMQTT.delegate = client client.connect() let analytcs = AnalytcsManager(engine: MQTTAnalytcsEngine(client: client)) return analytcs } }
- 22. BANKING SOLUTIONS AS A SERVICE TECHNOLOGY How can a banking platform improve customer experience ? So how do I scale the system ? Same way to scale HDF :) Just add processors and request the system to re-balance the account ranges. KAFKA can create topics on demand. The processors will talk to each other to agree who owns the account on re- balance.
- 23. BANKING SOLUTIONS AS A SERVICE TECHNOLOGY How can a banking platform improve customer experience ?
- 24. BANKING SOLUTIONS AS A SERVICE BUSINESS 3rd Party Integrations • Addition of third party services is simple. Orwell can integrate with any fnancial or other service with simplicity. • Orwell is already connected to: • CBILL (Italian bill payment service) • Currency Cloud (FX and international FX payments) • TransferTo (international payments and mobile phone pre-payment) • MAV/RAV (Italian taxes) • Bolatino P (Public admin); Bolatino B (Billers) • We are connecting to: ApplePay, Kantox
- 25. BANKING SOLUTIONS AS A SERVICE BUSINESS Orwell delivers instant payments (even cross border and cross currency) Instant payments even cross border and cross currency Elimination of card payments costs Enables innovation in operations and customer relationships Reduced needs of working capital by eliminating “money in transit” More capital available for investment of distributions Cheaper treasury operations and elimination of interchange Better control of supply and distribution chains RTP & VAS enhances client relations and improves transparency Subscription based revenue model
- 26. BANKING SOLUTIONS AS A SERVICE CONCLUSION The use of Hortonworks Data Flow allows us to create a banking system in less than 9 month including certifcations. Satisfy the support levels required by regulators. No need for batch operations, the system can process effciently so that batching is not necessary. No database limitations.
- 27. BANKING SOLUTIONS AS A SERVICE CONCLUSION Better customer experience. Specially for corporate banking. Fast Prototyping with SAM Allow processing time for other operations like sanctions and reduce risk. Effcient capacity management. Real-time MI, analytics, use of ML algorithms to manage flows, etc
- 28. BANKING SOLUTIONS AS A SERVICE THE END Thank you