20 November 2017
visit www.response.ncr.com

Logica hails messaging hub benchmark test results

17 August 2009  |  1387 views  |  0 Source: Logica

Logica, a leading IT and business services company, today announced the results of a high-performance benchmark test carried out on Fastwire Open, Logica's messaging hub, powered by IBM processors.

The hub can now process over five million SWIFT Fin messages per day. The test was carried out in conjunction with a tier one banking client, which is one of world's largest users of SWIFT - demonstrating the hub's ability to support global banks.

FASTWIRE Open can scale to support the future growth of user banks, enabling them to not only reduce operational and network costs but also to take advantage of high throughput and adaptability to meet their demanding and growing requirements.

"Banks need to gain greater efficiencies if they are to preserve profit margins, given escalating payments volumes and sustained revenue pressure," said Andy Schmidt, research director at TowerGroup. "Centralised messaging hubs that are scalable and integrated give banks the flexibility and control that their payments businesses require. This allows banks to achieve savings through reduced messaging costs - savings that can be passed on to clients."

Tim Brew, director of global financial products at Logica, commented: "Payments volumes are increasing exponentially as global banks continue to grow, either organically or through M&A activity. Our high performing financial messaging hub enables banks to reduce costs by consolidating their multiple systems onto regional or global hubs. The client that participated in this test has proven that its future FASTWIRE Open-based messaging platform will support significant growth in its messaging traffic. The solution can clearly support our clients' business expansion, but it also enables banks to reduce the overall cost per message and handle the ever increasing occurrence of unexpected volume peaks in messages."

The benchmark test was undertaken by Logica at IBM's performance testing facility in Montpellier, France, during June 2009. FASTWIRE Open, Logica's messaging hub, achieved a throughput of up to 200 messages per second, while actively using only 16 processors, exceeding the target of 150 messages per second.

For the test, the system processed SWIFT format messages while concurrently managing day-to-day activities such as archiving and database replication. The platform used an Oracle 10g database, operating with Oracle RAC and Dataguard, and was based on IBM 64-Core Power6 5GHz Based Power 595.

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.ncr.comvisit www.solutions.lexisnexis.comvisit www.aciworldwide.com

Top topics

Most viewed Most shared
Ripple boss predicts central bank adoption of blockchainRipple boss predicts central bank adoption...
18423 views comments | 28 tweets | 31 linkedin
Singapore central bank open sources blockchain prototypesSingapore central bank open sources blockc...
12731 views comments | 16 tweets | 29 linkedin
AmEx partners Ripple and Santander for blockchain-enabled cross-border paymentsAmEx partners Ripple and Santander for blo...
11293 views comments | 15 tweets | 41 linkedin
UK cryptocurrency exchange startup launches debit card for spending bitcoinUK cryptocurrency exchange startup launche...
9120 views comments | 26 tweets | 37 linkedin
Barclays warns of unprecedented online fraud this ChristmasBarclays warns of unprecedented online fra...
8502 views comments | 15 tweets | 31 linkedin

Featured job

Find your next job