Overview

It’s no news that the Fintech scene is ever growing, with new clients introduced every single minute. Although it’s an advantage to the industry, this development brings a new challenge of its own; the unreliability of deployed architecture to manage new users.

In the Fintech scene, and just like in the general Fintech industry, a lot of operators use traditional ad-hoc infrastructure and software. What do we mean? Operators use architectural frameworks built around physical servers to manage financial activities.

Problem

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.

Solution

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.

Results

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.