Feb 16, 2023
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Digital Payment System Transformation
Completed

Digital Payment System Transformation

$25,000+
more 1 year
United States
6-9
view project
Service categories
Service Lines
Web Development
Domain focus
Banking & Financial Services

Challenge

The client requested an upgraded architecture for their real-time payment system to enhance transaction reliability and scalability. Additionally, they sought an ML-based anti-fraud solution to automate transaction screening and promptly identify suspicious activity. 

To stay competitive and meet market trends, they also aimed to enhance their payment processing system with cryptocurrency connectors, enriching client experience and attracting new users.

 

Solution

Our developers streamlined architecture using ASP.NET Core 7, improving data transfer and API security with gRPC and HTTP/2. Next.js optimized the payment app's front for better user experience and SEO, attracting more users.


We developed a fraud detection system using Azure Event Hubs and Stream Analytics, swiftly identifying patterns in customer data and reducing manual work. Also, we integrated cryptocurrency connectors securely into the payment system.


Overall, the modernization process consisted of the following: 


Establishing a .NET-based technological framework supporting distributed application development and execution. 
Training an ML-driven anti-fraud system to enhance digital payment security. 
Development of cryptocurrency integrations for major exchanges like Binance and Coinbase within the real-time payment processing system.

With a complex yet reliable digital payment platform modernized by Acropolium, our client unleashed new benefits: 

 

Results

Enhanced storage and processing capabilities through Microsoft Azure cloud services have optimized the real-time payment system, now serving approximately 5,000 corporate clients. 
Improved user experience and accelerated data processing have boosted customer engagement by 28%, while attracting a 36% increase in new users. 
Our proprietary ML-driven anti-fraud system accurately identifies over 96% of fraudulent transactions.

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Digital Payment System Transformation