Revolutionizing Financial Solutions for South Asia’s SMEs through Digital Innovation

Overview

A leading South Asian fintech company has become the first licensed digital SME financing platform in the region. They specialize in streamlining cash flow management and securing financing for underserved MSMEs efficiently.

As fintech innovators for SMEs, they enhance financial management with advanced digital solutions. Their platform streamlines cash flow and financing access, serving the underserved SME sector. With aggressive expansion plans, they aim to significantly influence the fintech industry locally and globally.

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Challenges and Pain Points

• Talent Acquisition - Challenges hiring in-house teams due to high salary demands and startup biases impacted ROI‍
• Operational Efficiencies - Specialized skills for robust cloud and data security were scarce
• Scalability and Reliability - Focused on improving cloud infrastructure’s scalability, availability, and reliability.
• Cost Management - Optimizing costs while preserving performance.
• Development Delays - Enhanced product release processes for timely delivery.
• Business Growth - The lack of a strong foundation for cloud infrastructure and data security was affecting business growth and increasing technical debt.
• Governance and Compliance - Cloud governance and compliance efforts were hindered by in-house limitations.

The Solution

1. Process of Choosing Infra360

• Evaluation of Needs - Infra360 thoroughly analyzed the existing infrastructure, understanding their vision and objectives.
• Customized Strategy - Infra360 crafted a personalized Cloud and DevSecOps strategy to meet specific requirements.
• Expert Team - A dedicated team of Cloud and DevOps experts implemented the strategy.

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2. Implemented Solutions

• Cloud-Native Architecture - Developed an automated, multi-account, multi-region Kubernetes-based architecture.
• CI/CD Pipelines - Created CI/CD pipelines for backend and frontend apps to enhance release speed and security.
• Automation - Fully automated infrastructure management with Terraform.
• Monitoring and Alerts - Implemented logging, monitoring, and alerting for enhanced operational control.
• Security Enhancements - Established secure VPN tunnels for banking integrations and enforced best data security practices.

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How to Select the Right Cloud FinOps Service Provider

The secret to success lies in choosing the proper Cloud FinOps service provider. The following are key factors a healthy Cloud FinOps service should embody for financial and operational management:

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Cloud Cost Management

Utilize expert practices and tools like Cloudability and AWS Cost Management to optimize expenses, enhance profitability, and provide detailed financial reporting.

Expertise and Tools

Leverage a certified team knowledgeable in AWS, Azure, GCP, and leading management tools for scalable cloud solutions.

Customer Engagement

Combine transparent support with success stories to demonstrate effectiveness in addressing cloud challenges.

Comprehensive Services

Offer a full suite of FinOps services, ensuring adaptability and continuous improvement in cloud financial operations.

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Infra360’s FinOps Approach

Infra360 offers a comprehensive FinOps approach designed to address the specific needs of cloud-native organizations. Their services include:

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Cloud Cost Management

Conduct audits to identify savings opportunities, eliminate waste by optimizing resource usage (up to 35% savings), and right-size resources based on workload (up to 40% savings). Leverage excess capacity for up to 90% savings on spot instances.

Strategic Planning

Engage in capacity planning and budget forecasting to meet future demands and financial goals, reducing costs by up to 30%.

Pricing and Compliance

Offer flexible pricing tailored to needs and ensure sensitive data is properly tagged and protected, facilitating compliance with data laws.

Conclusion

Selecting the right Cloud FinOps service provider like Infra360 can significantly enhance financial and operational management, ensuring cost efficiency, scalability, and long-term success.

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