This company is a global mobile Fintech solutions developer with offices in 9 countries spread over three continents. From 2005, when it was founded, the company grew to serve over 340 million customers worldwide by 2016, additionally boasting of 18 million monthly active users.
To support this large user base, it deployed servers at multiple regions. These servers were also deployed at data centers leased from multiple companies.
As a business still experiencing rapid growth, the mobile Fintech solutions developer was then faced with several challenges. The most apparent were its ease of scalability when server traffic spiked or reduced, and the absence of resources to manage an effective data recovery plan.
All these either meant incompetence of the business to maintain its growth or total loss of core business data when disaster struck.
The company’s plan to launch a new Fintech project made a solution to its current situation a more pressing need. The failure of the new Fintech project meant newly purchased servers would be utterly wasted. How was all this solved?

Amazon Web Services was the go-to solution, as the cloud infrastructure offered exactly what the mobile Fintech solutions developer needed.
The scalability of cloud frameworks meant that the failure of the new project simply warranted a reduction of deployed AWS virtual servers, helping to reduce costs. Additionally, the global coverage, multifunctionality, and professional-grade services of AWS meant the company could shift its whole infrastructure to the cloud.
The results? The mobile Fintech solutions developer successfully created an active disaster recovery framework that covered all its core business operations around the world. It also did all these while expanding further into Europe and Asia, and keeping mobile Fintech solutions at the usual top-notch levels.

The result from this case study only proves that switching to cloud-based infrastructures is one way of reducing complexity in your business. This is especially so for fast-growing enterprises that urgently need to scale operations up.
Do you see a similarity with Fintech companies? They exist in an industry that is fast growing and expected to double in participation over the next 5 years. This means more users, increased traffic on existing infrastructure, and a definite need to scale up in the future.
Looking at this, we can say building the foundations of your Fintech company on cloud infrastructures allows you to stay ahead of your competitors when the market is ripe for harvest.

There are limitations to scalability when new users are introduced, as physical architectures are limited by storage space, bandwidth, and connection speed. To meet up, new physical servers are introduced to the system, and only the biggest and more financially capable companies are able to meet up with the costs.

This is where Avantone comes with its recommendations. Avantone addresses how cloud-computing technologies have helped with the challenges faced by the growing Fintech scene.

We use a case study centering around the deployment of an Fintech web application on the Amazon Elastic Compute Cloud (EC2) infrastructure, with servers managed using MySQL.  The MySQL database is hosted on a Load Balancer, which is a server that manages the number of Fintech servers to be active at a time based on the number of users it receives.

This load balancer also reads information about the user load of each game server in the infrastructure through the MySQL database. Each Fintech server has a limited number of users for optimal performance, so the load balancer identifies servers that have reached the maximum limit and directs a user to a server with fewer user load.

Servers with zero users are terminated to save power and costs, with only one kept running to accommodate new users in case existing servers reach their maximum load limit. Seamless user accommodation is guaranteed.

The SmartFoxServer technology is used to manage the authentication of users for security purposes.

Before these cloud computing technologies, only the big companies had enough infrastructure to scale and distribute user activities across multiple servers.  Now, cloud computing allows small operators to not only accommodate a large number of users but also leave the management of servers to the cloud service providers (the EC2 in this case).

For Fintech CEOs, this scalability means reduced costs for server deployment and maintenance, as you boycott previous limitations concerning infrastructure management and financial constraints. Cloud computing is the more feasible option to meet up with future industry growth trends.

This company has popular applications deployed on the web, tablet, and mobile platforms. Although it already had a large-scale server infrastructure that was fit to satisfy the needs of its applications, the difficulty in manually managing tens of thousands of public and private servers served as a blow to further scalability and a threat to its business continuity.

Vaco Technology was the go-to consultant for this job, and the company proposed that an enterprise solution be deployed to outsource the management of servers. Vaco proposed an IT infrastructure that successfully eased the interoperability and scalability of tens of thousands of servers. The results?
This client grew to manage over one million concurrent users and exponentially increased its productivity by 4×. According to them, Vaco provided a reliable solution that guaranteed fast scalability and consistency. The infrastructure was termed fit to accommodate millions of its users.

In this case study, we see a company maintaining business continuity through proper cloud service consultation and deployments. This is what you as a CEO should also focus on.
Improving your infrastructure scalability is important for any company expecting or wishing to grow alongside the finance industry. It is only by working with the right service providers that you achieve your goals and seamlessly avoid stunted business growth.