Business Need

Transform the client’s monolithic architecture into a microservice-based framework to enhance scalability, flexibility, and agility, aligning IT capabilities with the capital market industry’s dynamic requirements.

Business Challenges

The client, a prominent electronic central security depository firm, relied on outdated legacy systems for its business processes. These systems could not handle the growing volume of big data, leading to time-consuming and costly processes that hindered operational performance. Key challenges included:

• Inability to process large volumes of data efficiently.
• Long processing times negatively impacting business outcomes.
• A rigid architecture that limited scalability and flexibility.

The client sought a robust microservice- based framework to modernize its Registrar & Transfer Agent (RTA) platform, ensuring seamless record handling for commercial paper issuers and improving overall system performance.

Business Solution:

NuSummit partnered with the client to re-engineer their monolithic architecture into a scalable and flexible microservice-based framework. The solution included:

1. Microservice Architecture: Developed using RabbitMQ and Activiti BPM workflows to enable a loosely coupled, multi-threaded environment.
2. DevOps Integration: Adopted various DevOps configurations during development to enhance security and operational efficiency.
3. Spring Boot Deployment: Leveraged Spring Boot to streamline and accelerate the deployment of microservices.
4. Data Scalability: Built capabilities to handle massive database volumes, ensuring efficient bulk data processing.
5. Offshore Delivery Model: Implemented a delivery model to enhance flexibility while maintaining managed service delivery.

Tech Stack:

• Architecture: Microservice-based framework.
• Tools: RabbitMQ, Activiti BPM, Spring Boot.
• Integration: DevOps configurations for enhanced security.

Business Impact:

NuSummit’s microservice-based integration delivered measurable improvements:

• Increased Efficiency: Enabled processing of over 20 lakh transactions per day.
• Bulk Data Processing: Achieved the ability to process bulk data in under 10 milliseconds.
• Massive Data Management: Supported database volumes up to 500 GB seamlessly.
• User Expansion: Increased the user pool by at least 1,000 new users.
• Scalability: Provided process area support for both IPO and RTA modules.

Conclusion

NuSummit’s innovative microservice-based integration enabled the client to modernize its IT infrastructure, addressing critical scalability, efficiency, and flexibility challenges. The solution empowered the client to process massive data volumes, handle large-scale transactions, and seamlessly integrate multiple business modules by transforming the rigid monolithic architecture into an advanced microservice framework.

This transformation aligned the client’s IT capabilities with its business needs and delivered tangible outcomes, including enhanced processing speed, scalability, and operational efficiency. The offshore delivery model provided cost-effectiveness and flexibility, ensuring the solution was implemented precisely and efficiently.