Case Study 3: Creation of a Secure and Scalable ACH and RPPS Payment FinTech Platform
Challenge:
A high-profile American FinTech needed a very secure and scalable architecture that would support money transfers and payments using ACH (Automated Clearing House) and RPPS (Retail Payment Processing Service), aptly designed to process very high transaction volumes, aligned with strict financial regulations, and ensure pain-free fund transfers with the least possible latency.
Solution:
Okriti has designed and developed a very sturdy microservices-based infrastructures for payments comprising the following features:
– Java & Spring Boot to develop a backend systems that scales and proves resilient.
– Kafka for real-time transaction processing and fault tolerance.
– PostgreSQL for complex financial data management with high availability.
– Data are secured strictly through enforcement of OAuth & JWT Authentication features, protecting against unauthorized user access through enforcement of strong protocols on the platforms.
– Improved API interactions for high speeds and compliance with ACH & RPPS regulations in processing transactions.
This architecture would ensure performance, security, as well as compliance and would seamlessly integrate into financial networks.
Results achieved:
✔ Secure handling of high transaction volumes – Optimized database and queue management for fast, error-free processing.
✔ Significant reduction in processing time – API optimizations minimized latency in money transfers and bill payments.
✔ Regulatory compliance – This ensured that the platform could effectively achieve financial regulations and industry standards to keep the auditing process seamless.
✔ Highly scalable and future-ready – Built to adapt to increasing transaction demands and protection under new payment methods.
That next-gen payment processing platform will enable the FinTech company to have services that are quick, secure, and compliance-ready with regulations, translating trust and reliability for its customers.
Feedback from a customer:
“This wouldn’t have happened if it hadn’t been for Okruti’s expertise in financial technology and security; their help has resulted in a payment-processor that runs smooth as silk all while putting the fear of God into anyone trying to mess with your cash.”