{"id":38228,"date":"2023-12-23T15:05:29","date_gmt":"2023-12-23T15:05:29","guid":{"rendered":"https:\/\/appsaf.apieproject.com\/news\/?p=38228"},"modified":"2023-12-23T15:05:31","modified_gmt":"2023-12-23T15:05:31","slug":"synthesis-empowers-south-african-bank-for-payshap-payments-and-next-gen-banking","status":"publish","type":"post","link":"https:\/\/appsaf.apieproject.com\/news\/2023\/12\/23\/synthesis-empowers-south-african-bank-for-payshap-payments-and-next-gen-banking\/","title":{"rendered":"Synthesis Empowers South African Bank For PayShap Payments And Next-Gen Banking"},"content":{"rendered":"<p>The bank\u2019s strategic goal is to modernize existing banking systems and establish a cloud-based next-generation payments platform. This platform seeks to consolidate payment processing through a highly customizable, API-driven interface, serving as the foundation for PayShap and future support for all payment types.<\/p>\n<p>The Solution<\/p>\n<p>Synthesis played a pivotal role in constructing a foundational element of the unified payments platform, crucial for processing PayShap payments. The collaboration also involved modernizing the bank\u2019s payment technology architecture. The architecture, based on an event-driven model, ensures lower latency for real-time processing and reduces failure points by decoupling various systems within the bank. The implementation involved leveraging expertise in payments, Microsoft Azure, API development, Akka.NET, and DevOps.<\/p>\n<p>The Results<\/p>\n<p>The outcomes include a scalable, reliable, and high-performing platform that enhances operational efficiency, simplifies governance, and elevates customer experience.<\/p>\n<p>Emphasizing a cloud-native and microservices-driven architecture, the platform currently supports PayShap payments and is positioned to evolve for future high-value and mass payments.<\/p>\n<p>With a PayShap-capable platform, the bank is set for payment modernization, marking the beginning of a transformative journey.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A prominent South African international banking and wealth management group has engaged Synthesis to aid in the development of their next-gen payments platform for the successful implementation of PayShap.<\/p>\n","protected":false},"author":12963,"featured_media":38225,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,21],"tags":[7,26,22],"class_list":{"0":"post-38228","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news","8":"category-technology","9":"tag-apie-project","10":"tag-news","11":"tag-technology"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Synthesis Empowers South African Bank For PayShap Payments And Next-Gen Banking - APIE NEWS<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/appsaf.apieproject.com\/news\/2023\/12\/23\/synthesis-empowers-south-african-bank-for-payshap-payments-and-next-gen-banking\/\" \/>\n<meta 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