Bankway

Bankway's architecture is designed for scalability and high availability, utilizing a multi-tiered approach. The core components include the Core Transaction Engine, Account Management Module, Customer Relationship Module, and Reporting and Analytics Engine. These components are designed to be modular and can be deployed across multiple servers for load balancing and redundancy.

Communication between components is primarily through internal APIs and message queues, ensuring asynchronous processing and decoupling. The system uses relational databases, such as IBM DB2, for data storage, with database replication and failover mechanisms to ensure data availability. Integration with external systems is facilitated through a robust API layer, supporting REST and SOAP protocols.

API endpoints follow a consistent pattern, with methods like `createAccount`, `postTransaction`, `getCustomerDetails`, and `generateReport`. Security is implemented at multiple levels, including network security (TLS/SSL), authentication (username/password, MFA, and external authentication providers), and authorization (RBAC). Audit logging is comprehensive, capturing all system activities for compliance and security monitoring.

The administrative interfaces (CLI and web-based GUI) provide tools for monitoring system performance, managing user accounts, and configuring security settings. The system supports various deployment models, including on-premises and cloud-based deployments, providing flexibility to meet the specific needs of different financial institutions. Compared to competitors, Bankway offers superior transaction processing performance and a more comprehensive set of reporting features.