Database for FinTech

Leverage cloud-native database solutions dedicated for FinTech.

Overview

Database is the key to your business success in the FinTech industry. Alibaba Cloud’s comprehensive database solutions can help FinTech organizations migrate databases from on-premises to more cost-effective, more efficient, and more flexible cloud-native databases with enterprise-grade security.

The process of database migration, operation and management, and governance can be complicated. We provide core capabilities throughout the transaction processing (RDS, PolarDB, MyBase, etc.), such as automated monitoring, backup, high availability and disaster recovery with 99.9999999999% (12 9’s) backup data durability, and data analytics (AnalyticDB), such as anti-fraud monitoring and control. Alibaba economy and ecosystem is running on top of Alibaba Cloud database. More importantly, Alibaba Cloud Database for FinTech solutions is based on the best practices, working with industry-leading FinTech organizations. It can provide many in-depth, tailored solutions for specific FinTech scenarios. For loan businesses, Alibaba Cloud supports financial data document processing and analytics with MongoDB and AnalyticDB. For stock, exchange, transaction, and bill businesses, Alibaba Cloud TSDB and InfluxDB help connect, collect, store, and view time-series data. Financial business data can be more secured with DBS cloud backup solution, no matter where the database is, either on-premises or public cloud.

Sometimes data interrogation is also challenging, especially in the case of open-source databases, where the cataloguing of records is entirely incoherent due to the public data submission process. Alibaba Cloud has rich experiences in supporting open-source communities, such as MongoDB and Redis, and can help you integrate with popular open-source databases easily.

Solution Highlights

  • Cloud-Native Database Technologies

    Alibaba Cloud cloud-native databases offer you flexible scale up and scale out capabilities. You can easily and quickly upgrade from 24 core to 48 core. ApsaraDB for PolarDB provides minute-level scaling out capabilities to handle traffic peaks.

  • Rich Product Portfolios and Ecosystem

    Extensive database product portfolios cover different scenarios and environments for cloud FinTech applications. The architecture from on-premises servers to cloud migration and hybrid cloud can provide any required data protection and disaster recovery. Our open-source community can handle many projects for open-source databases with relevant tools.

  • Security and Compliance

    Certified by more than ten agencies across the globe, Alibaba Cloud is the cloud service provider with the most complete range of compliance certifications in Asia. Alibaba Cloud is committed to protecting customers' personal information with multi-layer protection, data encryption, and auditing capabilities.

  • Proven Practices on Database Migration

    Alibaba Cloud database solutions have accelerated many FinTech business successes. They supported Tianhong, the first fund company in China to deal with high concurrency interactive BI queries on asset management. It provides you with supreme performance and lower TCO for cloud migration.

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Database Product Portfolios for FinTech

Alibaba Cloud's cloud-based solutions support the demands of your business, website, or application. Use the same solutions that empower the Alibaba Ecosystem to reach a new level of creativity, inclusivity, and success.

How It Works

Our Solution

With this solution, you can deploy your FinTech business into more than one zone. This will help your organization achieve better user satisfaction and meet business continuity requirements. With Elastic Compute Service (ECS), enterprises can spin up and scale database instances on demand. This solution also provides automated monitoring, backup, and disaster recovery capabilities throughout the transaction processing. Additionally, security services, like WAF and Anti-DDoS, can help FinTech companies focus more on application security instead of infrastructure security.

You can use ApsaraDB RDS to fully host popular database engines, including MySQL, PostgreSQL, SQL Server, and MariaDB.

Our Solution

With this solution, you can deploy your FinTech business into more than one zone. This will help your organization achieve better user satisfaction and meet business continuity requirements. With Elastic Compute Service (ECS), enterprises can spin up and scale database instances on demand. This solution also provides automated monitoring, backup, and disaster recovery capabilities throughout the transaction processing. Additionally, security services, like WAF and Anti-DDoS, can help FinTech companies focus more on application security instead of infrastructure security.

You can use the cloud-native ApsaraDB for PolarDB to manage bigger storage and fast elasticity, including MySQL, PostgreSQL, and compatible Oracle versions.

Furthermore, there is a feature called GDN, which is the Global Database Network, in PolarDB MySQL 8.0. It is to federate and connect several PolarDB MySQL clusters into a single PolarDB GDN to serve the global or multi-site deployed business. For more detailed information, please visit the GDN Webinar: Cloud Native Global Database for Your Global or Multi-Site Business: PolarDB MySQL 8.0 GDN

Our Solution

With this solution, you can deploy your FinTech business into more than one zone. This will help your organization achieve better user satisfaction and meet business continuity requirements. With Elastic Compute Service (ECS), enterprises can spin up and scale database instances on demand. This solution also provides automated monitoring, backup, and disaster recovery capabilities throughout the transaction processing. Additionally, security services, like WAF and Anti-DDoS, can help FinTech companies focus more on application security instead of infrastructure security.

You can use ApsaraDB for MyBase to manage fully controllable dedicated database clusters, including MySQL and SQL Server.

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Tailored Database Architectures for FinTech In-Depth

Financial Data Document Processing and Analytics

Alibaba Cloud provides the cloud-native workflow from the initial loan application to data analytics. Offload database management to the cloud saves time and money. The scalability and security we provide are essential for your online applications.

For the loan business, we can store the borrower's profiles and needs, carry out precision marketing with less marketing expenses, and achieve more efficient capabilities, with more applications handling per day.

Anti-Fraud, Risk Monitoring, and Control

With AnalyticDB, you can monitor and control risks after user login to protect against any abusive registration, malicious login, abnormal browsing, bot attacking, and suspicious transaction. By collecting user data, you can create a decision engine to set up backlist, whitelist, rules, models, and variable features, so it can efficiently handle fraud scenarios, such as account takeover and promotion abuse. You can also mitigate your account risk with multi-factor authentication (MFA) and a tagging/notifying mechanism.

Time-Series Data with TSDB/InfluxDB: Stock, Exchange, Transaction, and Bill

To visualize the time-series financial data in real-time, first, you will need to store the business financial data into databases or other systems. Then, you can collect data channels from various data sources and store the time-series financial data into a time-series database. Finally, you can view the OHLC/Candlestick data for stocks, exchanges, transactions, and bills. Alibaba Cloud TSDB and InfluxDB allow you to connect, collect, store, and view time-series data.

Secure your financial data with cloud backup

Alibaba Cloud secures your financial data by following mechanisms. First, back up the financial database on a local IDC or other cloud using DBS, which stores the backup data in OSS with 99.9999999999% (12 9's) durability. Then, use DBS to back up and recover the financial database (such as RDS and MongoDB) on Alibaba Cloud with backup data in OSS with 99.9999999999% (12 9's) durability. If the financial database fails or crashes on the cloud or a local IDC, you can fast recover from the cloud backup. Build Active-Active financial databases on Alibaba Cloud cross-regions or on/off Alibaba Cloud. For development or testing, you can fast recover to a database instance on Alibaba Cloud.

Customer Success Stories

See how companies large and small are leveraging Alibaba Cloud to grow and improve their businesses

Adira Finance was established in 1990 and is now one of the biggest financing companies in Indonesia. It helps customers from all over Indonesia have the necessary funds to purchase new or used motorcycles. Adira has 588 branches across Indonesia and employs over 20,000 people.

By leveraging the strengths of Alibaba Cloud Database including Redis, RDS MySQL, RDS PostgreSQL for SAP ERP and HCM, Alibaba Cloud can help Adira to improve the overall integration and management operations of its overall IT systems, saving costs by more flexibly using resources.

Vantage FX is a CFD (Contract for Difference) broker specializing in Forex, Indices, Commodities, and Global Share CFDs. Vantage FX's mission is to help clients pursue their financial trading goals by offering regulated and transparent access to global markets.

For managing clients and trade databases, Vantage FX required a service solution that allowed data to be written, read, and synchronized in real-time across different data centers. Alibaba Cloud offered a solution that allowed real-time data synchronization, disaster recovery, backups, and restores, as well as monitoring at a variety of physical locations around the world.

Tianhong Asset Management is the first fund company in China's fund history to exceed 100 billion RMB with the product "Yuebao." Yuebao is the world's largest money market fund and was rolled out by Alibaba Cloud in June 2013.

Alibaba Cloud database solutions supported Tianhong to deal with high concurrency interactive BI queries on asset management, which provides them with supreme performance and lower TCO for cloud migration.

In the solution, DRDS sharding cluster with RDS MySQL supports the business transaction interacting with Ant Finance, with the help of DTS (Data Transmission Service), the business data in RDS MySQL is synchronized into AnalyticDB MySQL for interactive BI queries for real-time application and BI report used by operators and fund users.

Related Resources

Whitepaper

Creating a Robust Cloud-Based Database for Fintech

This whitepaper introduces Alibaba Cloud's cloud-native database, PolarDB, and investigates database-specific challenges through real-world scenarios.

Webinar

Cloud-Native Databases for FinTech Innovation

Reveal the common challenges faced by FinTech businesses and how Cloud-Native databases can help with FinTech innovation.

Solution

Alibaba Cloud Financial Services

From multi-finance groups to FinTech, Alibaba Cloud helps financial institutions with digital transformation.

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