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Optimizing Costs and Enhancing DevOps Support for a Fintech Company

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AustraliaLocation

14Team Size

FintechIndustry

Netsmartz’s expertise transformed a dynamic fintech company by delivering cost optimization strategies and bolstering DevOps support, resulting in improved operational efficiency and increased.

About The Company

The client is an innovative player in the fintech sector, specializing in providing cutting-edge financial solutions. With a focus on staying agile and cost-effective, they engaged our DevOps services to streamline operations, optimize costs, and receive robust DevOps support.

About Evertrue

The Tech Stack

DevOps

DevOps

React

React

Node.JS

Node.JS

Java

Java


Team Composition

12 Developers, 2 DevOps Engineers

The Problem Statement

The client’s existing setup was not aligned with best practices, leading to unnecessary expenditures and resource wastage. The company’s infrastructure needed modernization to meet industry standards and ensure scalability.

The Challenge

While undertaking this endeavor, we recognized multiple challenges like:

  • The absence of a structured cost optimization strategy prevented the company from effectively managing its cloud resources.
  • The company lacked dedicated DevOps support, impacting its ability to maintain a reliable and responsive development and operations environment.
  • The company faced intense competition and needed to enhance its agility, innovation, and cost-effectiveness to stay ahead in the market.

The Solution

Netsmartz collaborated closely with this company to implement a comprehensive solution encompassing cost optimization strategies and enhanced DevOps support.

  • We thoroughly assessed the company’s existing infrastructure, identifying areas where costs could be optimized through resource right-sizing and adopting more cost-effective services.
  • Based on the assessment, we devised a cost optimization strategy that involved transitioning to more economical AWS service tiers, leveraging spot instances for batch processing workloads, and implementing auto-scaling to optimize resource utilization.
  • We introduced Infrastructure as Code (IaC) using tools like AWS CloudFormation and Terraform. This allowed consistent and automated infrastructure provisioning, reducing manual interventions and configuration drift.
  • Our DevOps team became an extension of their company’s operations, providing continuous monitoring, incident management, and proactive support for their development and operations teams. This included regular maintenance tasks, performance optimization, and incident response.
  • We established a continuous improvement cycle, regularly reviewing the infrastructure and identifying further opportunities for optimization. This involved recommending architectural changes, adopting new services, and optimizing workflows.

Our Process

Netsmartz followed the following process to fulfill the requirements of the client:

Mapping & Identifying Appropriate Resources

At Netsmartz, we conducted a detailed analysis of the project’s scope and requirements to determine the appropriate resources to be assigned to the project.

Team Engagement

The team was provided training for a week before they started working with the client. This involved understanding the client’s niche and requirements. The learning curve enabled them to generate 95% accuracy.

Consistent Client Feedback & Action

At Netsmartz, we prioritize listening to our client’s feedback and concerns. We responded promptly to client feedback, acknowledging receipt and providing action updates. This allowed us to maintain a strong client relationship and ensured that we addressed any concerns or issues they may have promptly and effectively.

The Result

Through our strategic partnership with the client, we achieved substantial operational improvements. Cost optimization strategies led to significant savings, while Infrastructure as Code enhanced efficiency and minimized errors. Our robust DevOps support boosted reliability, minimized downtime, and proactive incident management ensured smooth operations. The optimized setup also empowered the company with scalability and agility, driving competitiveness in the fintech market.

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