# Cloud-Based Transaction Softwares Matera Debuts a Digital Twin for Various Financial Transactions By Kanesa D | Published 2023-09-06 | Business Source: Trend Hunter, https://www.trendhunter.com/trends/matera References: [pymnts](https://www.pymnts.com/news/payment-methods/2023/matera-launches-digital-twin-for-handling-real-time-transactions/) & [matera](https://www.matera.com/digital_twin)  Matera is launching a cloud software that functions as a [Digital Twin](https://www.trendhunter.com/trends/store-digital-twin), allowing for real-time transaction authorizations and balance updates 24/7. Matera's Digital Twin can handle large transactions, runs on any cloud or database, and has continuous uptime to ensure top-tier customer experiences on a digital level. The novel Digital Twin solution seeks to facilitate the advancement of digital transformations within the [banking and credit union sector](https://www.trendhunter.com/trends/mahalo-banking), enabling businesses to save on operational expenditures. Matera also operates as a service that sits on top of its existing banking platform. "It is no longer acceptable for innovation to be hamstrung due to a legacy core. With Digital Twin, banks can move forward," said Carlos Netto, co-founder and CEO of Matera. Image Credit: Matera ## Trend Insights (Trend Hunter) - Score: 1.6/10 - Popularity: 12% | Activity: 20% | Freshness: 17% - Audience gender: 50% men, 50% women - Primary generations: Millennial, Gen X - Top markets: North America ## Categories [Trend Hunter](https://www.trendhunter.com/trends) > [Business](https://www.trendhunter.com/business) ## Key Themes ### Why This Trend Is Growing - **Real-time Transaction Authorizations:** Real-time transaction authorizations are becoming increasingly important for businesses in the banking and credit union sector, providing a seamless and efficient customer experience. - **Cloud-based Finance Solutions:** Cloud-based finance solutions offer continuous uptime and flexibility for businesses, enabling them to reduce operational expenditures and improve overall efficiency. - **Digital Transformations in Banking:** The advancement of digital transformations in the banking sector is being facilitated by innovative digital twin solutions, opening up new opportunities for growth and innovation. ### Industries Being Reshaped - **Banking:** The banking industry can benefit from digital twin solutions that provide real-time transaction authorizations and improve operational efficiency, leading to enhanced customer experiences and cost savings. - **Credit Union:** Credit unions can leverage cloud-based finance solutions with continuous uptime to streamline their operations and drive cost savings, while delivering seamless and efficient financial services to their members. - **Cloud Computing:** The cloud computing industry plays a key role in enabling the implementation of cloud-based transaction software, providing the infrastructure and technology needed for real-time transaction authorizations and improved efficiency. ## Related on Trend Hunter - [Digital Twins Creation Platforms](https://www.trendhunter.com/trends/realtime-digital-twins.md) - [Digital Twin Telecommunications Towers](https://www.trendhunter.com/trends/lumea.md) - [AI Digital Twin Applications](https://www.trendhunter.com/trends/ai-digital-twin.md) - [Financial Transaction Analytics](https://www.trendhunter.com/trends/transaction-analytics.md) - [Digital Twin Retail Technologies](https://www.trendhunter.com/trends/store-digital-twin.md) - [AI-Backed Digital Twins](https://www.trendhunter.com/trends/ai-experiment.md) - [Automotive Digital Twin Solutions](https://www.trendhunter.com/trends/simulation-platform.md) - [Account-Managing Finance Features](https://www.trendhunter.com/trends/entrust.md) - [AI-Powered Digital Fashion Solutions](https://www.trendhunter.com/trends/pixelz-x-le-troch.md)