Optimizing T24 Core Banking's TPS

When banks migrate to new core banking releases or publish new products, their main concern is the reliability of their platform. Imagine you launch an attractive savings account and see a doubled number of users trying to open it on day one. Without testing and tuning for such peaks, your customers might suffer a bad user experience and stop using your products.

We describe reliability by technical terms, such as response times, throughput, and resilience. Response times refer to the ability to process user requests within acceptable times. Throughput is the number of transactions per interval, and Availability is whether your services are up and running when needed or according to your requirements.

When we look at our core banking systems, we are often concerned about throughput. In core banking, transaction per second (TPS) refers to the number of transactions processed in a single second. This indicator is critical for evaluating the performance and capacity of a core banking system, which processes various financial transactions such as deposits, withdrawals, transfers, and other banking activities.

Several factors determine a core banking system's TPS capability:

• Hardware

• Software design and architecture

• Transaction types and way of processing them

• Database performance

• Load Balancing

• Listener setting for requests and response

The table below shows challenges and aspects to consider for minimizing transaction time. Nowadays, increasing the TPS is most important for any bank to be at the top.

Challenges	Solutions
Transactions like Funds Transfer, Withdrawals, balance enquiries taking more time.	Timeframe analysis: Split the time between the intervals like: ATM Switch to Core banking Timing Queue timing T24 Processing timing
Network Overhead	Efficient network protocols and optimizations are necessary to handle large volumes of data
Queue timing	Listener, pool size, and OFS interface-related changes are necessary to minimize the time here.
T24 Processing timing	Version, enquiry validations and changes
Resource Allocation	CPU, Memory, Environment design, etc.
Regulations and priority	Security regulations and priority transactions to limit the time and provide transaction integrity are carried on by unions. This will help customers to process their transactions smoothly.
Infrastructure Cost	Higher TPS will always need more infrastructure, proper design, and high maintenance. The cost will be higher. So this can be avoided by categorizing the priority and charging the clients accordingly. It will reduce the cost to some extent.

Banks often invest in R&D for innovative approaches to improving TPS. There are many more challenges, but banks can design and decide according to their requirements to choose the better options for higher TPS.

Please get in touch with us if you need to improve your TPS or want to handle bulk payments using automation. We will help you with load testing, benchmarking, tuning and performance improvements.

Happy Performance Engineering!

#T24 #Banking #TPS #Tuning #Optimization #Corebanking