PHILADELPHIA, PA — Matera has secured a contract with a major U.S. regional bank to introduce continuous transaction processing without replacing the institution’s existing core banking system, positioning the financial technology provider to support instant payments and future digital asset services.
The bank selected Matera’s Digital Twin platform as part of a modernization initiative designed to extend banking operations beyond the limitations of traditional batch-processing systems, the company announced.
The arrangement reflects a challenge facing financial institutions as payment networks increasingly operate around the clock while many established banking systems continue to rely on scheduled processing cycles.
Rather than undertake a full replacement of its core infrastructure, the bank will deploy a separate transaction authorization and ledger system alongside its existing technology.
Matera Digital Twin is designed to maintain account balances and process transactions continuously, including during periods when the underlying core banking system is offline or completing batch operations.
The approach allows the bank to develop real-time processing capabilities while retaining the infrastructure supporting its existing operations.
Matera and the bank are integrating the platform with the institution’s application programming interfaces, event-streaming systems and real-time data architecture.
The integration is intended to support continuous transaction authorization, real-time account balances and access to instant payment networks, including the Federal Reserve’s FedNow service and the RTP network.
It also establishes infrastructure for banking services that use APIs and automated event notifications to exchange information and initiate transactions.
The bank’s modernization strategy includes preparing for potential future applications involving stablecoins and tokenized deposits, which require financial institutions to track and process transactions continuously.
Stablecoins are digital assets generally designed to maintain a stable value relative to another asset, while tokenized deposits represent bank deposit claims using digital tokens.
Both technologies present operational requirements for institutions whose existing account processing systems were designed around conventional banking schedules.
Matera’s platform addresses those requirements by providing a continuously operating ledger and authorization system without requiring immediate replacement of the bank’s established core.
“Core modernization does not have to begin with core replacement,” Carlos Netto, Matera’s co-founder and chief executive officer for North America, stated.
“Digital Twin lets banks become real-time and prepare for digital assets on top of the infrastructure they already have.”
Netto said the approach allows financial institutions to control the pace of technology upgrades while reducing the operational risks associated with replacing core systems.
The deployment illustrates how banks are adapting existing technology to accommodate instant payment networks, which permit transactions outside traditional business hours.
For Matera, the agreement expands the application of its real-time banking infrastructure within the U.S. regional banking market, where institutions are balancing modernization requirements against the cost and complexity of replacing established systems.
The bank’s selection places Matera’s technology within a broader effort to connect traditional deposit and payment operations with continuously available financial services.
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