Pismo's Journey to Building a Cloud-Native Banking Platform

Overview of Pismo

• Pismo is a cloud-native payment processing platform
• It offers a comprehensive set of features, including card issuing, card processing, account management, and ledger management
• Pismo has a multi-hierarchy, multi-region, and multi-country structure, allowing clients to build their own organizational structure
• Pismo is a self-service platform, allowing clients to build their own products without relying on Pismo

Performance Metrics

• Pismo processes over 10 billion API calls per month
• Pismo has an uptime of 99.997%
• Pismo's average latency is 24 milliseconds, with a maximum of 45 milliseconds
• Pismo's clients can reach up to 4,000 transactions per second in production
• Pismo processes over $8 billion in financial volumes per month

Challenges in Building a Cloud-Native Banking Platform

• Security and compliance with various regulations
• Ensuring integrity of financial transactions
• Handling global presence with local requirements and regulations
• Ensuring resilience and continuity of business
• Maintaining performance as the platform scales
• Controlling costs as the platform grows

Addressing the Challenges

• Adopting well-architected principles and best practices
• Implementing modular and composable services using event-driven patterns
• Leveraging gateway patterns to integrate third-party services
• Providing adaptable connectivity options using infrastructure as code
• Offering real-time event delivery to clients for building their own orchestrations
• Implementing self-healing applications with ephemeral design and integrity queues
• Ensuring strong security posture and comprehensive CI/CD framework
• Extensive monitoring and infrastructure-as-code approach

Key Metrics and Achievements

• Pismo achieves 100 releases per week with less than 15% change failure rate
• Pismo's DevOps performance is at an Elite level according to DevOps metrics
• Pismo has 100% of its infrastructure expressed as code
• Pismo has over 2,000 alarms for comprehensive monitoring and proactive action

Invitation to the Booth

• Attendees are invited to visit Pismo's booth to learn more about the platform and ask any remaining questions.