A Data Analytics and Insights Company
Back in July in partnership with Confluent, with Quadratic held a webinar discussing the transformation being caused by event-streaming and event-driven architectures in modern banking. In this blog (and infographic) we summarise the key takeaways from that webinar, showcasing how forward-looking banks are getting ahead of the curve with real-time streaming.
WITHOUT EVENT STREAMING
Batch orientated with settlements happening T+1 or T+2
Legacy MQ technologies that are difficult and costly to scale
WITH EVENT STREAMING
Real-time payment processing
High throughput that easily scales on a small hardware footprint
De-coupled producers and consumers
WITHOUT EVENT STREAMING
Nightly updated account balance
Batch fraud checks
Limited view of the customer
WITH EVENT STREAMING
Real-time account updates
Real-time credit card fraud alerts
360 / Omni channel view of the customer
WITHOUT EVENT STREAMING
Batch oriented compliance reporting (OATS, FRTB)
Spreadsheet-driven trading
Manual clearing and settlements
WITH EVENT STREAMING
The ability to aggregate disparate risk systems to get an intra-day view of market & credit risk
Real-time pricing using stream processing
Integrated and automated clearing & settlement
