Financial Services
Asia Pacific
Startup/SME
"Alibaba Cloud offered a comprehensive solution that kept INFT's platform up and running with minimal downtime. INFT was also able to keep its business data secure by taking advantage of Alibaba Cloud's holistic set of security products."
Eldwin Wong
Founder and CEO IN Financial Technologies
About INFT
INFT is one of Southeast Asia's most prominent digital payments partners that provides best-in-class financial and non-financial solutions. The organization's one-stop platform aims to reach out to and bridge the financing and banking gap for a considerable chunk of underserved micro-, small- and medium-sized Enterprises (MSMEs) in Southeast Asia.
The digital payment platform intends to offer more competitive and attractive pricing than banks and other financial institutions. The platform also gives its clients access to best-in-class financial solutions to empower entrepreneurs to focus on their core business with utmost flexibility and security.
Challenge
As a digital payment platform, one of the essential requirements for INFT was to be constantly available and secure with robust technical support. Additionally, INFT previously deployed its solution on a cloud platform that was not cost effective. Its legacy systems did not provide essential customer support, and downtime often remained unresolved for more than a day with minimal technical support available.
Why Alibaba Cloud
Alibaba Cloud offered a comprehensive solution that kept INFT's platform up and running with minimal downtime. The services offered were cost effective, giving INFT more value for the money spent on its overall architecture performance.
INFT was also able to keep its business data secure by taking advantage of Alibaba Cloud's holistic set of security products. Additionally, through Alibaba Cloud's extensive enablement and training sessions, INFT was able to grow and maintain its architecture on its own.
Architecture
The system layer of INFT uses Alibaba Cloud Elastic Compute Service (ECS), which allowed it to scale its application and achieve faster results without any latency. Its database layer is built with ApsaraDB for RDS, offering a stable reliable database service for its banking system. The storage layer comprises Elastic Block Storage (EBS) for intensive applications that require high performance and low latency, such as for online transactional processing (OLTP), as well as Object Storage Service (OSS) for uploading, downloading, and distributing massive volumes of data that come with financial transactions.
To ensure the availability of its application, INFT leverages Cloud Monitor to monitor its real-time operation data and identify risks in advance. This helps it avoid potential losses and troubleshoot problems in a timely manner. In addition, Alibaba Cloud's API Gateway and Terraform enables INFT to safely and predictably create, change, and improve infrastructure with ease.
INFT also utilizes Alibaba Cloud's free basic Anti-DDoS protection and Key Management Service (KMS) to protect its platform from vulnerable attacks.
Looking Forward
Owing to Alibaba Cloud's expertise, INFT can host their digital payment platform on a secure and scalable cloud environment. Alibaba Cloud also offered its services at a much lower cost along with better tech support, which enabled INFT to fully focus its efforts on business growth. In the future, INFT is considering using other data intelligence services from Alibaba Cloud to develop its own data warehouse and big data capabilities.
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Snapshot
Alibaba Cloud gave INFT a scalable, agile, and flexible interface along with a real-time dashboard to monitor the health of its resources.
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