Development of high-load fintech applications

One way to solve the problem is to create a non-shared high load architecture. Thanks to this architecture, there is no central server that controls and coordinates the actions of other nodes, and, accordingly, each node of the system can operate independently of each other. These systems do not have a single point of failure, so they are much more resilient to failure. Another method to prevent failures is to increase the redundancy of individual system components to reduce failure rates (redundant power supply, RAID — redundant array of disks, etc.). When one of the components fails, the spare component takes over its functionality.

After testing the prototype, we could predict how many simultaneous requests one instance could handle and how many instances the project would need. Based on this information, we offered our customer the optimal number of instances, determined their optimal configuration, and calculated their cost. Advertising management software — ready-made or customed business solutions. All components of the architecture are horizontally scalable and provide fault tolerance.

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Feature papers represent the most advanced research with significant potential for high impact in the field. A Feature
Paper should be a substantial original Article that involves several techniques or approaches, provides an outlook for
future research directions and describes possible research applications. In the business environment, an opinion has formed that technology startups can replace financial institutions. On the other hand, economists believe that such a thesis is doubtful, because startups are not inclined to engage in lending.

high-load systems

We use a combination of replication and shading strategies to provide fault tolerance and performance under high loads. During the full-scale russian invasion, we continue developing high-quality innovative technological products while volunteering and donating funds. We work for Ukraine’s economy as our army resists the unprovoked Russian war against Ukraine. HyperJar is a FinTech platform that reimagines finance management by providing a user with a network of mini-accounts each of which is tailored to the user’s plans, lifestyle, and relationships. Such a system grants an intuitive finance-management system that helps to balance spending and adjust habits to achieve financial goals. However, this method of scaling has several disadvantages you need to be aware of.

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They worked faster than conservative bankers, were not afraid to experiment with money, and were closer to the people. This is how the market for financial and technological applications and services, including mobile apps, began to grow. Efficient highload solutions with robust architectures are a must to tackle common issues of handling large volumes of website or application visitors. Highload systems comply with the highest requirements for fault tolerance, security, reliability, effectiveness, and scalability as well. At Alfee, we understand the importance of scalability and performance optimization when it comes to developing high-load systems. Our team uses a variety of techniques and best practices to ensure that our systems can handle large amounts of traffic and users without compromising performance.

high-load systems

We help our clients separate the wheat from the chaff to get the most useful high-load development strategy for mobile apps and save their money. Trying to implement a complex system by drawing up a detailed statement of work and sending it immediately to designers and developers, is initially doomed to failure. The project manager comes to the rescue when developing high-load systems development design. Unfortunately, you may not understand why a new system crashes in production.

How We Scaled API Performance in a High-Load System and Avoided CPU Overload

Once the testing plan is established, we use a range of automated testing tools to execute and monitor our tests. These tools help us to simulate high-load scenarios and detect any potential performance issues in real-time. Additionally, our team of experienced developers and testers conduct manual testing to complement the automated testing process.

high-load systems

At such times, the service resembles a restaurant with too many customers. Waiters taking orders are no longer enough; a huge queue of requests builds up in the kitchen, which becomes impossible to handle in time. In a short time, work becomes paralyzed, and the restaurant is forced to close.

High-Load Systems Development

High-load fintech applications go through all the typical stages of development, like any other software, but with their characteristics. All these features significantly dictate a number of requirements in the development of high-load fintech applications, making it not such an ordinary task. Let’s take a look at the features of FinTech software development. The partnership of two previously independent areas is truly mutually beneficial. Financiers and bankers have client bases, access to large capital, and the ability to work in a highly regulated legislative area. But for the same reasons, internal innovation and rapid testing of new solutions is difficult for them.

  • Experts add insights directly into each article, started with the help of AI.
  • It is recommended for startups to develop apps with a scalable architecture.
  • On the level of business, you can start to have financial issues.
  • This helps to avoid overspending the budget on redundancies and to avoid random errors that everyone forgot about.

Yandex has 25 years of expertise in developing high-load services that are used by millions of people all over the world. Most business owners do not quickly understand the essence of developing a high-load system. When running projects, their priority is saving money; they are not keen on spending real money on functionalities without direct returns.

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Highload is when traditional approaches to the work of the IT infrastructure are no longer enough. For the system to function stably, you need to clearly understand which database it will work with. The process of designing the architecture of a large application takes into account software components, equipment, technical and legislative restrictions, and implementation c# web development deadlines. For this reason, consider building a project with a high speed of performance; one that can manage high loads from the MVP. To come up with web applications that can be scaled, you should comprehend the basis of how high-performance programs are developed. Most online web applications attract thousands to hundreds of thousands of users.

high-load systems

Thanks to current capabilities, coders and programmers don’t have to make a bunch of unnecessary edits and rewrite parts of the project. This helps to make the code cleaner, and the speed and quality of the web servers is optimal. Until the load systems have a developed prototype, where all parts of the system are thought out and reflected, it is impossible to accurately estimate the timing and budget for the project. In addition to the database, we perform load balancer between servers, install caching servers and a load monitoring system. If the load systems take a long time to respond, most likely they will start searching somewhere else. Therefore, instant response is a distinctive and very important feature of a high traffic load system.

System load

The prototype provides the opportunity to “feel” the project from all sides, look at its appearance and adjust the logic of work if necessary. It also happens that at this stage, it is decided to stop working on the project, because it is not viable and the idea is not worth the investment of resources. The development of a prototype, making changes to it, and adjusting project tasks are many times cheaper than making changes at the design or programming stage.

Difference between Database Sharding and Partitioning

Wherever you are in the world, GongBox gives you access to the library of the continent’s music of any genre. Created by African artist Black Coffee, GongBox allows musicians to stay independent, owning 100% of their creations. Also, you need to keep track of the minimum number of requests for your system and add two or more instances if you anticipate a load spike. You can automate this by writing a script that controls the minimum number of interfaces. The recognition of N-iX by industry leaders validates our commitment to innovation and the high quality of technological expertise.

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One key approach we take is to design our systems to be horizontally scalable, meaning that we can add more servers to handle increased traffic as needed. We also make use of load balancing and caching technologies to distribute the workload across multiple servers and reduce the load on any single server. To answer this question, you need to know the future load on your future. You can do it by forecasting the possible load or analyzing customers’ requirements. For this project, we were lucky because the customer knew the approximate future load on the platform, so we could start designing a scaling scheme right away.