Modernizing banking with AWS and Visa’s cloud-native operations (SEC359)

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.

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