Pismo Elevates Core Banking with 3,000+ TPS Capability

Pismo, a leading cloud-native core banking and card processing provider, has upgraded its core authorisations engine to support over 3,000 concurrent transactions per second for each customer account. This tenfold increase in transaction capacity will benefit large business customers, enhancing their scalability and performance during high traffic periods.

Pismo, a global cloud-native core banking and card processing provider, has revealed a major enhancement to its core authorisations engine. The revamped system is now capable of supporting over 3,000 concurrent transactions per second (TPS) for each customer account, marking a tenfold increase over the previous version.

This significant upgrade is tailored to meet the demanding requirements of large business customers who rely on their financial institutions to be always available. It provides robust support during high-traffic periods, such as payroll processing, ensuring the highest levels of throughput, availability, and scalability. Pismo's planned upgrade for all clients will be executed over the next six weeks.

Juliana Binatti, Co-founder and CPO at Pismo, stated, "The ledger is the heart of a banking system. It manages account balances and limits, tracks changes, and ensures sufficient balance for transactions. Speed and accuracy are critical, and our new system delivers on both fronts by handling over 3,000 simultaneous transactions per second for every account, giving clients peace of mind during traffic surges and improving their overall experience."

The platform update, which took 18 months of research, development, and rigorous testing, included collaboration with a Tier 1 banking client. The rollout will benefit current clients over the next two months, while new clients will immediately experience the enhanced functionality.

Pismo, known for its regular API updates, provides more than 400 deployments per month on its platform. Its commitment to a best-in-class continuous delivery process ensures ongoing security and performance enhancements without impacting the platform's 99.99% uptime. Clients will enjoy these updates automatically and seamlessly.

With over 108 million accounts processed and offices across Brazil, the UK, US, India, and Singapore, Pismo continues to offer extensive product coverage. Despite its acquisition by Visa International in January 2024, the company remains network agnostic, working with leading card networks.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)