Development of a Scalable Cryptocurrency Banking Platform with Virtual Card Support and Real-Time Transaction Processing

The client faces challenges in delivering a secure, efficient, and scalable digital banking platform capable of supporting millions of daily transactions, virtual card issuance across multiple regions, and integrating proprietary cryptoprocessing capabilities to enhance crypto transaction management and real-time analytics. Existing systems lack flexibility for regional variations and rapid scalability to meet the growing demands of crypto and fintech markets.

A mid- to large-sized fintech company specializing in digital banking solutions for crypto and non-bank entities aiming to expand their transaction capabilities and market reach.

• Design and implement a secure, scalable core banking system tailored for European and Southeast Asian markets, supporting multi-currency and exchange rate management.
• Enable issuance of virtual Visa and Mastercard cards with support for over 70 BINs across various segments and geographies.
• Incorporate proprietary cryptoprocessing modules for enhanced security and transaction validation.
• Develop real-time transaction processing capabilities capable of handling millions of transactions daily.
• Build comprehensive analytics and data ingestion systems for transaction monitoring and reporting.
• Ensure high availability, low latency, and compliance with regional financial regulations.

• Virtual Card Management: Generate and manage virtual Visa/Mastercard cards, with support for multiple BINs across regions.
• Multi-Regional Support: Configurable systems for different markets including Europe and Southeast Asia, with localized currency exchange and regulation compliance.
• Cryptoprocessing Capabilities: Proprietary modules for secure crypto transaction handling and validation.
• High-Volume Transaction Processing: Infrastructure capable of processing millions of transactions per day in real-time.
• Data Ingestion and Mediation: Systems for core data streaming, exchange rate updates, and background processing.
• Analytics Dashboard: Internal tools for transaction monitoring, insights, and reporting.

• Payment networks for virtual card issuance (Visa/Mastercard APIs)
• Regional banking and financial regulatory systems
• Currency exchange rate feeds
• Crypto transaction validation services
• Analytics and monitoring tools

• System scalability to support millions of transactions daily
• Real-time processing latency under 1 second per transaction
• High system availability (99.99% uptime)
• Robust security protocols for transaction and data protection
• Compliance with regional financial regulations and standards

The development of this platform is expected to significantly enhance transaction processing capacity, enable rapid regional expansion, and improve security through proprietary cryptoprocessing. It will support millions of transactions daily with high reliability, offering a competitive edge in digital crypto banking, leading to increased customer satisfaction, expanded market share, and compliance with regional regulations.