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Real world Alerting use cases
Fintech
Alerts on Bank wise Transaction Failures
Alerts on Bank wise Transaction Failures

Get alerted when an issuing bank or payment channel is underperforming

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Written by Aditi
Updated over a week ago

Value Delivery

Problem

Alert

Action

Impact

Delayed or Failed Transaction attempts

Send a notification when an issuing bank or channel is underperforming.

The Manager can Follow up with problematic banks and/or display downtime messages to communicate it to users and display only the unaffected payment methods.

User messages improve User experience and also decrease failed and abandoned transactions. Real-Time alerts give you enough time to follow up and resolve issues.

Step-by-step guide:

Step 1: Choose an Alert type

Choose the SQL List based alert to trigger an alert and share Bank (or) payment channel details to required personnel.

Step 2: Write an SQL query to fetch a value

Sample Query - to fetch a list of issuing banks facing high failure rates.

SELECT bank_name, (t2.failed_trxns*100/t1.total_trxns) AS failure_rate
WHERE failure_rate > {{threshold}}
FROM
(SELECT bank_name, COUNT(trxn_ids) AS total_trxns
WHERE timestamp BETWEEN DATEADD(minute,-10,GETDATE()) AND GETDATE()
GROUP BY bank_name) AS t1
LEFT JOIN
(SELECT bank_name, COUNT(trxn_ids) AS failed_trxns
WHERE trxn_status = “Failed” AND
timestamp BETWEEN DATEADD(minute,-10,GETDATE()) AND GETDATE()
GROUP BY bank_name) AS t2
ON t1.bank_name = t2.bank_name

Step 3: Configure Alert Condition

  • Alert Frequency: 10 mins

  • Unique value column: bank_name

Step 4: Configure Team and Assignees

  • Team is responsible for this alert (optional) - Banking Ops Team

  • Person assigned to the incidents (optional) - Ops Lead

Step 5: Configure Alert and Incident Details

  • Alert name: High Transaction Failures - Banking

  • Configure Incident Tile: {{bank_name}} bank is facing high failure rates.

  • Default Incident Priority: High

Step 6: Setup Notifications

  • Channel: email

  • id: {{}}

  • Escalation:

    • Duration: 2 Hr

    • Member: Operations Head - Banking

    • Channel: email - {{banking_ops_head _ email}}


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