With third-party providers now allowed to access customer data, core banking systems can soon start struggling with the onslaught of requests.
But yours doesn’t have to.
Biffee offloads the infrastructure by handling account information queries.
No costly hardware upgrades. No changes in existing systems. Biffee swiftly adjusts to what you have, offering an innovative approach to future growth.
The majority of banks in Europe are still operating on legacy mainframes. With PSD2, the open banking directive, giving third-party providers (TPPs) real-time access to customer account information, the rise of TPP applications creates a large increase in traffic.
That growing number of transactions and queries puts a load on legacy machines. Increased traffic can cause latency and a significant drop in system performance for customers as well as bank employees. Upgrades of their processing power can be extremely expensive.
Biffee is a core banking system offload engine. A smart big data solution designed to return account information queries like client demographics, global position and transaction history without any disruption to performance or stability of the core banking infrastructure.
Improved Customer Experience
Biffee is equipped with a “Google-like” search functionality that gives customers a streamlined banking experience.
In-depth customer data analytics
Big data analysis offers invaluable insight into customer behaviour, needs and preferences. The Biffee platform has built-in analytic functionalities.
Offloading core banking resources
Execute critical banking functions without causing a sudden load increase in the system that could affect customers.
Biffee keeps multiple copies of data. It offers unmatched protection on multiple levels—information never gets lost or accidentally deleted.
No need for hardware upgrades
Biffee breathes new life into legacy infrastructure. Regular computers hold all
the resources necessary for Biffee to operate.
No single point of failure
Biffee is always on as your core banking system. As it’s built on big data, distributed platform power outages and increased load do not affect system availability.
Scale Biffee depending on performance needs by simply adding more PCs. Distributed computing offers cost-effective scalability and growth opportunities.
Browse account information in a convenient search-engine-like manner. Available for customers and bank employees.
Create custom data aggregates, marketing actions, and reports.
Biffee works with many backend systems, ensuring seamless interoperability.
Biffee adapts to existing CDC platforms, for example IBM CDC, Attunity, and Oracle GoldenGate.
Biffee ETL engine transforms and optimizes data for storage and full-text search in an archive based on the DataStax platform.
3000 transactions per second with latency of less than a second.
200 parallel full-text searches per second.
Access Layer API can be integrated with third-party APIs using any type of protocol, including SOAP and REST.
Biffee can work as an account data aggregator, sourcing data from other banks via customer-approved APIs. This allows banks to expand their distribution network by attracting customers who want to have an overview of account information from all their banks in one secure and convenient place.
Real-Time Marketing (RTM)
Banks using Biffee can analyze real-world buying behaviors of customers and create tailor-made offers that convert better Our proprietary software integrated with Biffee aggregates actionable customer insights and data, including data from customers’ other accounts. Biffee can be used to create custom marketing activities and reports.