Digital banking services in India have become increasingly popular, but many core banking applications are still developed in-house, based on legacy technologies using monolithic architectures. This is exacerbated by the rise in popularity of the Unified Payments Interface (UPI) system in India, a payment transactions system that facilitates both peer-to-peer and peer-to-merchant transactions.
FYNDNA is an Indian software startup with the vision of enabling financial institutions to increase their customer engagement and profitability by developing cloud-native, digitally-enabled, versatile technologies. To improve customer experience and handle the increasing volumes of transaction, FYNDNA determined that banks needed a way to regulate, or throttle, the incoming traffic requests, without changing the core banking system.
Read about our work at CNCF - https://www.cncf.io/case-studies/hdfc-bank/