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Some accomplishments in Sergei Krasochkin’s software development career saw him working at major Russian tech firms. Having his hands on several important projects at his former workplaces gave him the opportunity to leave his mark on the evolution of the Christofari supercomputer and the ML Space platform at SberCloud, go deep into setting up a corporate portal at Mail.ru Group, and head Fyst’s payment platform, which supports in excess of 100,000 transactions per day.
The projects under his stewardship were awarded at the prestigious IT World Awards 2021. Currently, he leads a team of six developers working on the integration of over 50 banks and payment services. Sergei shares his journey of building a successful IT career, the latest trends in the Fintech space, and some valuable career tips for techies.
The protection of financial information is a truly serious matter, and for this reason, the team placed itself in charge of creating a strong and secure architecture supporting the payment system. Central to the design was the application of microservice architecture on AWS, permitting great scalability and resilience for the payment solution. Moreover, the platform’s standards were in keeping with PCI DSS regulations to ensure the secure storage and computation of cardholder data.
The arrival of any failure or anomaly would be quickly detected and rapidly resolved because of a thorough monitoring and alerting system set up to maintain a continuous watch on essential performance metrics and prevent issues. Further, the deployment of cutting-edge anti-fraud systems aids in thwarting fraudulent transactions, bolstering trust in the services offered on behalf of users. In conclusion, a gamut of technical strategies toward building a payment infrastructure that is dependable, safe, and highly available for processing millions of transactions has been employed.
The team devoted a lot of attention to designing a strong and secure architecture for the payment platform, with payment information being highly sensitive data. The architectural approaches mainly included the creation of a microservice architecture hosted over AWS infrastructure, creating supreme scalability with system resilience. The platform was also fully PCI DSS compliant, securing card data storage and processing.
For the early detection of failures or irregularities, a comprehensive monitoring and alerting system was put in place, monitoring key performance indicators continuously and alerting for any irregularities. Integration of anti-fraud services also helps to counter fraudulent transactions, instilling some degree of customer trust in the services. All technical measures stand to make the payment infrastructure highly trustworthy, secure, and fault-tolerant, capable of handling millions of transactions.
Adopting a microservice design using AWS was instrumental in improving the Fyst payment platform on multiple important measures. First, it allowed automatic payment routing via a complex system that evaluates transaction history, approval rates, commissions, and other criteria to effectively direct payments along the best routes. This development could significantly increase payment processing and reduce costs. Moreover, the inclusion of modern payment methods like Google Pay and Apple Pay lets consumers offer these selections to their end users, therefore improving their entire experience.
The introduction of thorough analytical solutions, which enable thorough analysis of payment flows, pattern recognition, and timely management decisions based on data insights, was a major component of this optimization. Together, these technologies have produced a very efficient and flexible payment system with good prospects for success in the crowded market.
One must know the financial sector and its rules inside and out. Knowledge of the intricacies of payment systems, security criteria, 401k plans, and legal structures promotes better problem—solving in this sector. Since the Fintech sector changes fast, requiring knowledge of the newest technologies, architectural breakthroughs, and development tools, continuous improvement of technical abilities is critical. A specialist’s competitiveness depends on a mix of in-depth subject knowledge and IT expertise.
One should also give great consideration to soft skills. Professional advancement depends much on one’s ability to articulate clearly, work in a team, manage projects, and make well-informed decisions amid ambiguity. Along with technical knowledge, these abilities have to be developed.