Finance

Case Study: Transforming Financial Transactions for a New Cash App in India with Datanised Consultancy

We are thrilled to share how our consultancy services helped a leading financial services client in India successfully launch a new cash app. By leveraging Amazon EKS (Elastic Kubernetes Service), a robust data streaming platform, and NoSQL databases optimized for OLTP, we addressed the client’s challenges and delivered remarkable results.

​

• Client Objectives

• Enhance Transaction Processing: Implement a high-performance data streaming platform to manage real-time transactions efficiently.

• Optimize Database Management: Utilize NoSQL databases for OLTP to ensure fast and reliable transaction processing.

• Ensure Cost Efficiency: Apply FinOps services to manage and optimize cloud spending.

• Accelerate App Deployment: Expedite the launch of the new cash app with a scalable and flexible infrastructure.

​

Challenges Faced

​

• High Transaction Volume: The client needed to handle a large number of transactions in real time, necessitating a highly scalable and low-latency infrastructure.

• Data Consistency and Reliability: Maintaining data consistency and reliability in real-time transactions was critical to user trust and regulatory compliance.

• Cost Management: Balancing high performance and reliability with cost efficiency was a significant challenge.

• Rapid Deployment: The need for a quick launch to remain competitive required efficient project deployment with minimal downtime.

​

Implementation: We deployed a robust data streaming platform to handle real-time transaction data with minimal latency.

Benefit: This ensured quick and reliable financial transactions, enhancing the user experience.

NoSQL Databases for OLTP:

Implementation: We integrated NoSQL databases optimized for OLTP, configured for fast read/write operations.

Benefit: This enabled efficient management of high volumes of transactional data, ensuring data consistency and speed.

Amazon EKS Deployment:

​

Implementation: The entire infrastructure was deployed on Amazon EKS, leveraging Kubernetes for container orchestration.

Benefit: This provided a scalable and flexible infrastructure that supported rapid app deployment and simplified management.

High Availability (HA) and Scalability:

​

Implementation: We designed the infrastructure to support high availability and dynamic scaling to handle peak loads.

Benefit: This ensured minimal downtime and maintained consistent performance during high transaction volumes.

Expertise in Low Latencies:

Implementation: We optimized the system architecture to minimize latencies, enhancing response times for in-app transactions.

​

Benefit: Users experienced faster and more reliable transactions, improving overall satisfaction.

​

FinOps Services:

​

Implementation: We applied FinOps practices to monitor and optimize cloud spending, implementing resource right-sizing and automated scaling.

Benefit: This reduced cloud costs by 35%, allowing the client to invest more in app development and innovation.

Procurement Expedition:

​

Implementation: We assisted in procuring necessary tools and services quickly, leveraging industry connections to expedite the process.

Benefit: This reduced procurement lead times, enabling a faster launch of the cash app.

Additional Values and Benefits

​

Enhanced Security: Ensured robust security measures for transaction data, protecting user information and meeting regulatory requirements.

​

Future-Proof Infrastructure: Designed a flexible and scalable infrastructure capable of adapting to future needs and growth.

​

Improved User Experience: Provided a seamless and reliable app experience, increasing user engagement and retention.

​

Operational Efficiency: Streamlined operations and reduced administrative overhead with efficient cloud management practices.

​

Conclusion

This project highlights our commitment to enhancing financial app performance, optimizing costs, and ensuring rapid and reliable deployment. If your organization aims to improve app performance, manage cloud costs efficiently, and accelerate project launches, we are here to help.

Contact us today to discover how our consultancy services can drive success for your financial projects.