Migrating from modern legacy ledger to XYB ledger

01 / The Challenge

Monese was experiencing cost and operational challenges with its modern legacy ledger provider, driving the business need to upgrade. Total cost of ownership, latency, scalability, its black box design, downtime issues and configurability restrictions, were drivers for Monese to decide it was time for change.

02 / The Solution

Having considered the options available to them in the market, Monese selected XYB’s highly configurable, cost effective and easily scalable ledger solution.
XYB ledger was implemented in 6 months with zero downtime.

03 / The Results

Monese immediately realised some incredible results:

• 90%

  Infrastructure
  Cost Reduction¹

• 10x

  Latency
  Improvement²

• 16x

  Throughput
  Improvement³

• 20m

  Transactions
  Migrated

• 200k

  Accounts
  Migrated

• 0%

  Downtime in
  Migration

1. From 6,000 USD a month to 500 USD a month
2. From 500 milliseconds to 50 milliseconds response time
3. From 500 to 8,000 requests per second