The Data Standard
In this episode of The Data Standard, host Catherine Tao talks about big data transformation in payment technologies with Bala Natarajan, Director of Engineering, Big Data Platform Engineering at Paypal.
Big Data caused disruptions across many verticals, payment technologies included. Online transaction processing systems are a go-to technology for many payment processors. These systems have evolved, and today, they interact with databases in real-time to service customers worldwide.
On the other hand, online transaction systems are extremely latency-sensitive on both the processing and user side. The legacy interfaces make it hard for developers to search data, catalog data, and look at data in a seamless fashion. Companies that heavily depend on data and have been long on the market, such as PayPal, face numerous challenges.
Choosing the best IT ecosystem, migrating data from one ecosystem to another, and enabling all internal teams to use this data are just some of the challenges that have a lot to do with Big Data. But, how exactly is big data transforming payment technologies?
Tune in with Catherine Tao and Bala Natarajan to find more about big data, how it affects payment technologies, and what the future has in store for developers and end-users.