CurrencyNet is delighted to announce that it has been selected by the Bank for International Settlements (BIS) to implement an advanced clearing and bilateral netting system for a prominent central bank in the South American region. Leveraging next-generation technologies, CurrencyNet will provide a robust, highly scalable, and efficient financial infrastructure to streamline interbank settlements and significantly enhance operational efficiency.
This state-of-the-art clearing and netting solution utilizes CurrencyNet’s modern microservices architecture, ensuring modularity, scalability, and ease of deployment. Powered by Apache Kafka for real-time, event-driven messaging, and Apache Cassandra for distributed data management, the solution guarantees high availability, fault tolerance, and rapid scalability to accommodate growing transaction volumes.
By integrating innovative technologies, including Kubernetes-based orchestration and Redis for in-memory data caching, CurrencyNet’s platform ensures seamless interoperability, near-instant processing speeds, and resilience against downtime. This enables banks and financial institutions to handle significantly higher transaction throughput, reduce settlement risks, and achieve operational excellence.
CurrencyNet CEO, Animesh Ghosh, commented, “Our collaboration with BIS underscores CurrencyNet’s capability to deliver cutting-edge financial infrastructure using proven, modern technologies. We are committed to supporting central banks in their digital transformation journeys, enabling them to achieve unprecedented efficiency and security.”
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