Searce Optimizes Finclude’s Cloud Infrastructure to Achieve 20% Cost Reduction
Challenges
Finclude revolutionizes the creditworthiness and affordability assessment of individuals by analyzing their transactional data and spending patterns. They enable individuals to demonstrate creditworthiness, driven by their actual, up-to-date financial data, provided directly by their payment accounts. To address challenges during their scaling process, they sought help from Searce.
- Data Security and Visibility: Finclude relies on access to real-time financial data, making robust security measures and continuous monitoring of their cloud infrastructure crucial. However, their existing contract with the cloud service provider (CSP) was expiring, raising concerns about potential security gaps and a lack of visibility into their security posture.
- Operational Efficiency & Scalability: Finclude aims to empower a large number of individuals. Their current infrastructure had limitations in terms of operational overhead and scalability, hindering their ability to efficiently handle an increased user base and data volume.
Searce Solution
Our team of solvers worked with Finclude to help them achieve the following:
- Cost Optimization: We identified and eliminated unused resources, and implemented optimized scheduling of workloads, leading to substantial cost savings for Finclude.
- Enhanced Monitoring and Logging: We implemented a robust monitoring and logging stack using industry-leading tools like Google Cloud Monitoring, Prometheus, Grafana, and Loki.
- Microservices Architecture on Google Kubernetes Engine (GKE): We successfully modernized a monolithic application running on virtual machines (VMs) by migrating it to a microservices architecture on GKE.
- Accelerated Project Delivery: To expedite project completion by two weeks, we employed several key strategies:
- Standardized on Terraform for infrastructure provisioning, which helped to provision the infrastructure and accelerate migration readiness quickly.
- Leveraged GitHub Actions to automate workflows, streamlining development processes.
- Created two dedicated engineering teams to write workflows in parallel, significantly reducing development time.
- Fast-tracked deployment through CI/CD pipelines and implemented parallelism across environments.
- Implemented Google Security Command Center for enhanced security.
Business Impact
The implemented solution delivered significant business benefits for Finclude:
- Cost Savings: Achieved approximately 20% cost reduction.
- Enhanced Cloud Management: Improved visibility into cloud infrastructure for better control and governance.
- Streamlined Operations: Segregated staging and production environments for smoother workflows.
- Heightened Security: Enhanced security posture to protect sensitive data.
- Faster Onboarding: Expedited 6-week migration allowed the Finclude team to start onboarding customers sooner.
Overall, the solution demonstrably improved Finclude’s performance, efficiency, and security while generating significant cost savings. This successful collaboration empowered Finclude to achieve its business goals faster.
“We were very impressed with Searce’s responsiveness throughout our recent project. Their team consistently provided quick answers to our questions and delivered the project ahead of schedule. Additionally, Searce was incredibly supportive in addressing our concerns and did so quickly and efficiently. Overall, we are delighted with our experience and highly recommend Searce to others.”
– Ioanna Stanegloudi – Co-Founder & Chief Risk Officer, Finclude
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