Catalyst for customer & community success

Red Hat Demo, PayThink 2019

Founded:

1993

Company Website:

www.redhat.com

Product Name:

Red Hat

Company Description:

Red Hat is the world’s leading provider of enterprise open source software solutions and services, using a community-powered approach to deliver reliable and high-performing Linux, hybrid cloud, container, and Kubernetes technologies. Red Hat helps customers develop cloud-native applications, integrate existing and new IT, and automate, secure, and manage complex environments.

What makes your company or product great?

Red Hat provides an open, modular technology foundation that gives you all of the capabilities needed to offer fast payment services to your customers while preparing you for future change and innovation. The Red Hat Real-Time Payments solution is build on open source techology. Open source has been proven to provide up to 80% cost savings in respect to proprietary products. Additionally, Red Hat offers services to help you build a real-time payments platform faster. Using a strategic solution delivery framework, Red Hat experts can deliver a production-grade solution based on business process automation and integration in just eight weeks.

What key challanges does your product solve?

Using modern, open source technologies, Red Hat can help Banks and payment providers build a flexible, cost-effective, and production-ready real-time payments platform. The flexible payment platform makes it easy to add innovative new capabilities and take advantage of community innovation. Red Hat’s open source foundation and partner ecosystem let you integrate artificial intelligence, machine learning, cognitive computing technologies into your environment to extend payment functionality and services.

Best Success Story:

SIA (Societá Interbancaria per l’Automazione) had a goal to allow their customers to use their own money anytime, anywhere, simply and securely. SIA launched a new real-time payments platform that lets people in 34 countries across Europe transfer and receive money in seconds. It’s a system that can process 27 million payments daily, with an average round trip of 20 milliseconds with 99.999% availability— and it’s powered by Red Hat open source technology.