Secure digital payments in <50ms

Case Study

Turkey’s fastest growing fintech company Iyzico is a secure payment system for more than 35,000 companies and 600,000 consumers. Founded in 2013 by Barbaros Özbugutu und Tahsin Isin, the Istanbul-based company started out to digitize SMEs in Turkey. Today, global players Amazon, Nike, H&M, and Zara rely on its technology to accept payments in local currency and eliminate fraud.

The Facts

Istanbul, Turkey
On Premises

The Gist

The challenge

Iyzico’s technology includes hundreds of security filters, blacklists, and AI-powered fraud detection algorithms to identify suspicious transactions. But protecting customers without decreasing conversion rates requires predictions to return an answer in 50 ms — and a rise in customers and transactions was stretching the Community Edition.

The solution

Iyzico chose Exasol’s Enterprise Cluster Edition over Hadoop and Oracle due to fast query running times, easy installation, and Tableau integration. “Exasol’s performance and easy installation convinced us. Hadoop took considerably longer to deliver extensive analyses as their system is based on batch processing. Oracle offered great process integration but didn’t match our expected cost-performance ratio…. Our platform’s high performance relies on in-memory technology using the main storage as an amplifying cache.”

“We had a fully functioning, future-proofed solution within a month.... Our data team is small and relies on the fast delivery of results.”

İlkay Düzgün, CFO


Benefits for iyzico

Fast, reliable data to 300 daily reports and >100 dashboards

Tableau integration and intuitive administration

Quick analysis of large data sets with in-memory technology

Stable online analytical processing (OLAP) data platform

Cluster management

Continuous data volume growth without sacrificing speed

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