Reksoft. Synaps Microservice Platform

Ready-made platform for rapidly building a scalable IT landscape for an insurance business without limitations associated with of out-of-the-box solutions and vendor lock-in

Содержание

What is Synaps Microservice Platform?

It is an IT platform with an domain-specific capability tailored to insurance business.

Synaps helps replace the legacy systems, reduce the total cost of ownership (TCO) and ensure tech self-sufficiency.

It addresses the key problem of choice between high-cost development from scratch and limited functionality of out-of-the-box solutions in case of legacy replacement and the digital transformation .

Who is the platform intended for?

  1. Insurance companies undergoing digital transformation and replacing legacy systems
  2. Insurance companies that have outgrown out-of-the-box solutions
  3. Insurance companies building their IT architecture from scratch
  4. Insurance companies incurring heavy costs of software development from scratch
  5. Insurance companies running unique business processes that cannot be covered via standard customization of out-of-the-box solutions

The platform helps CTO/CIO, digital transformation leaders, and solution architects in insurance companies.

Challenges addressed by Synaps
Legacy replacement
Need to replace or redesign IT systems, reduce the cost of IT landscape support and development and ensure the company's technological self-reliance
High cost of development from scratch
Developing from scratch is time-consuming, expensive and involves reliability and security risks
Unavailability of ready-made software
The market does not offer ready-made solutions that comply with regulatory requirements and support the requisite business functions
Business needs cannot be met with customization
Business and IT needs cannot be fully met with customization of off-the-shelf solutions and their closed source does not allow for security audit
Platform's key advantages
Open source code
A unique, vendor-independent proprietary solution allowing control over functionality and architecture development
Rapid implementation
Rollout-ready platform featuring full code ownership and flexibility to modify functionality
Low process risks
Architecture and tech stack proven in production ensure operational resilience and minimize risks for critical business processes
Enhanced security and compliance
Verified open-source components and accessible source code allow for independent audit, integration of the DevSecOps processes and regulatory compliance
Deployment flexibility
The platform offers a set of core services and reusable components separate from business logic and the microservice architecture ensures horizontal scalability
In-house support and development
The platform is built on open source software (Java, Spring, PostgreSQL) and does not require extraordinary IT expertise. This allows for the creation of an internal Center of Excellence to eliminate dependence on third-party providers
Effective capability delivery management
The platform offers tools and infrastructure to automate the entire development lifecycle
Platform's functional structure
The platform's industry-focused core is designed specifically for insurance businesses and features:
  • A canonical data model (CDM):unified mechanisms for all lines of business
  • Ready-made base scenarios:data upload, processing and storage for routine operations
  • Business logic engine: customization flexibility of each process to address the company's unique requirements
  • Extended data validation services: inbuilt controls tailored to the insurance business.
Synaps = fast rollout of off-the-shelf solution + flexible development from scratch
Metric Off-the-shelf solutions Proprietary Synaps-based solution Proprietary solution from scratch
Time to Market (TTM) for the first production release Short Short Long
Rollout cost Low/Moderate Moderate Very high
Total Cost of Ownership (TCO) Increases over time Projected and optimal Consistently high
Regulatory compliance (including critical information infrastructure) Associated with high risk Often fails to meet import substitution requirements, no access to the code for audit Maximum. Russian open-source software fully compliant with regulatory requirements for critical information infrastructure. Feasible but will depend on the preferred technology and team proficiency. High compliance risks and costs
Control over functionality and architecture development Zero/Partial Full control.Adaptability to changing security requirements. Full control
Source code control None Full control. Crucial for security audit and critical information infrastructure validation Full control
Vendor dependence Maximum None None
Requirement for customer's IT expertise Minimum Optimal Maximum, big IT team needed
Functionality alignment with business needs Partial (the business adjusts to solution logic) Maximum(the solution adjusts to the business) Maximum (the solution is designed specifically for the business)
Functionality extension Limited by platform capabilities Simple and accessible Feasible, but labor and cost-intensive
Scalability Limited High.Horizontal scalability to address critical system productivity requirements Depends on initial architecture quality
Solution reliability Validated in a live environment Validated in a live environment. High resilience required for critical information infrastructure systems Unpredictable, requires extensive testing and stabilization
Technical support Only by vendor Flexible:with in-house expertise or Reksoft team Only in-house
Benefits in numbers
months
<6
New tech platform in less than 6 months
weeks
<2
Time-to-market for new insurance products shorter, up to two weeks
operations per sec
8000
Productivity and throughput capacity up to 8000+ operations per second
per year
99,9%
Improvement of technical and business availability of systems up to 99.9% over the year
Synaps in IT landscape
Tech stack
Backend
Java 21, Spring 6, Spring Boot 3, Lombok
Data layer
PostgreSQL, Redis, Liquibase, Flyway
Testing
Junit 5, Wiremock
Containerization
Docker, Kubernetes
API
REST, Sync API, Async API
Monitoring and log management
ELK Stack, Prometheus, Grafana
Message broker
Kafka
Orchestration
Cadence, Camunda
Identity and access management
KeyCloak
Gitlab pipelines
Inbuilt Master Data Management tool
Synaps helps build an domain-specific MDM system and eliminate duplicate, incomplete and inconsistent data entries
Key functions
Data consolidation from various systems, provide control and standardization
Deduplication : identify and merge data on the same entity to create 'golden records'
Data reconciliation and validation
Historical data storage
Centralize reference data management, including reference data consolidation from various sources, data integration and elimination of discrepancies (rule-based)
Provide data to users based on their job roles
FAQ
What is Synaps Microservice Platform?

Reksoft. Synaps Microservice Platform is an domain-specific IT platform designed to drive digital transformation and technological independence of insurance businesses.

How long does it take to roll out Synaps?

The launch of the first Synaps-based release will take 6 to 9 months.

What expertise is required to support and develop the solution?

An ordinary team of JAVA developers will be enough to support and develop the Synaps solution. The platform does not require specific competencies.

Do you offer technical support?

Yes, we do offer flexible options ranging from full support by our team to consultations and training of your in-house IT staff.

How is Synaps different from out-of-the-box solutions?

Synaps is a fully vendor-independent platform with full source code ownershipto maximize customization flexibility.

Can the system be fine-tuned with in-house expertise?

Yes. We deliver a full source code, rights and knowledge required to operate the platform. Your IT team will be able to modify, develop and maintain the system on its own to ensure requisite control and security.

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