The results are astonishing. Speed Layer microservices take just 7 milliseconds response time. It takes less than 45 minutes daily for Speed Layer to reconcile all the data (300m records) within MongoDB and Kafka topics against the “systems of record.” Advanced engineering and performance testing practices saved around £4 million in infrastructure costs.
First and foremost, Speed Layer introduced a new data layer that enabled Nationwide to create a robust ecosystem of digital services that are always online and resilient to outages. The solution’s two-speed IT strategic architecture lets Nationwide evolve customer-facing digital capabilities at high speeds while decoupling legacy systems that roll out new functionality at a slower pace.
Furthermore, by standardising data access for channels, Speed Layer empowers the building society to launch more digital, customer-focused products while harnessing data for strategic business insights. Speed Layer is an enabler for innovation through data enrichment techniques and event stream processing to drive future customer products such as real-time notifications, personalised banking products, fraud monitoring and many more potential use cases.