-- Corefy, one of Europe's largest payment orchestration platforms in terms of ready-made integrations, participated in CTO fwdays'24, the premier conference for technical leaders across Ukraine and beyond. Dmytro Dziubenko, Corefy's Chief Technology Officer and Co-Founder, presented the topic "Reducing Incident Impact: Practical Case Studies," highlighting innovative strategies to enhance system resilience and mitigate business risks.
In his talk, Dmytro delved into real-world examples of incident management in the B2B space. Drawing from Corefy's decade-long expertise in fintech, he outlined practical approaches to building fault-tolerant systems and reducing the potential negative impact (PNI) of incidents.
Key takeaways from his presentation included:
● System Resilience: Corefy's infrastructure optimization journey achieved a leap from 99% to 99.99% system availability, a milestone accomplished through multi-tenant cell-based architecture and physical traffic segregation.
● Scalable Architecture: The introduction of tenant-specific domains, cross-service communication enhancements, and database segregation enabled higher control over deployments, improved security, and reduced interdependencies during incidents.
● Proactive Incident Management: Dmytro shared Corefy's unique PNI (Potential Negative Impact) metric, which evaluates the potential business loss during incidents. He introduced decision rules for preemptive system adjustments, allowing Corefy to maintain seamless operations even in high-risk scenarios.
● Infrastructure as Code (IaC): By treating infrastructure as software, Corefy minimized manual errors, facilitated tenant management, and enhanced scalability. This practice enabled quick, efficient incident resolution and regulatory compliance across multiple jurisdictions.
● Pitfalls and Lessons: Dmytro Dziubenko candidly discussed common challenges, including management overhead and unpredictable traffic patterns, and emphasized the importance of early investments in robust architecture to avoid costly downstream effects.
"Incident management isn't just about resolving issues quickly; it's about designing systems that prevent issues from becoming business-critical," Dmytro emphasized during his session.
Corefy's participation in CTO fwdays'24 underscores its role as a trailblazer in payment orchestration and its dedication to fostering innovation in fintech.
"Our mission is to empower businesses with cutting-edge payment orchestration tools while sharing our knowledge to drive the fintech industry forward," said Dmytro Dziubenko. "CTO fwdays provided an excellent platform to exchange ideas and showcase Corefy's expertise."
About CTO fwdays'24
CTO fwdays'24 convened tech leaders, aspiring CTOs, and industry professionals to exchange insights and explore the challenges and opportunities of leading technical teams. It featured diverse sessions addressing technical, managerial, and strategic aspects of technology leadership. Notably, part of the proceeds from the event were donated to humanitarian funds, demonstrating the Ukrainian tech community's commitment to social responsibility.
About Corefy
Corefy is a universal feature-rich payment orchestration platform for online businesses and payment institutions. With a robust team of over 100 professionals, the platform supports 450+ ready-made integrations with payment service providers and acquirers globally and collaborates with more than 1,200 partners across the payment industry. The company delivers scalable, secure, and reliable payment solutions to businesses across different industries worldwide.
Contact Info:
Name: Corefy
Email: Send Email
Organization: Corefy
Website: https://corefy.com/
Release ID: 89148389
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