How we achieved 49% cost savings for a leading fintech client with AWS powered solutions

In this success story, we assisted Acima, a leading financial services provider, in achieving Application Modernization. Through our expert intervention, we seamlessly transitioned the client’s legacy application infrastructure into microservices and cloud platforms, ensuring enhanced efficiency and scalability.

Challenge: Outdated infrastructure hindered cost management and scalability

• Cost Escalation: Our client faced a significant challenge with escalating cloud infrastructure costs due to outdated systems. Without modern monitoring and optimization tools, identifying and addressing inefficiencies was difficult, potentially impacting the company’s bottom line.
• Regulatory Compliance: Navigating complex regulatory landscapes across different regions and jurisdictions posed a significant challenge for our client. Compliance with evolving regulations, including consumer protection laws and data privacy requirements was difficult due to legacy frameworks.
• Integration Complexity: The client’s outdated Point of Sale (POS) system faced complexity in integrating with retailers’ systems. Compatibility issues with diverse software platforms and data formats disrupted the store operations.
• Hindered Scalability and Performance: Legacy infrastructure posed obstacles to supporting increasing transaction volumes while maintaining optimal performance. The absence of automated scaling capabilities and robust infrastructure management tools undermined user experience and system stability as the client’s operations expanded.

So, they sought a team of experts to address these challenges and transform their fintech business operations.

Solution: Modernized Cloud infrastructure with our bespoke AWS solutions

zeb experts analyzed the client’s legacy application architecture and proposed tailored solutions to address their unique business needs.

Tech Stack

• Cost Management: Our team leveraged cost management tools such as AWS Budgets and Cloudwatch to monitor resource utilization and identify cost inefficiencies. We implemented cost-saving measures by right sizing instances, maximizing Cloud investment.
• Seamless Integration: We provided seamless integration capabilities for the client’s existing web-based Point of Sale (POS) system and retailers’ software infrastructure. Standardized APIs and robust integration support simplified the process, ensuring smooth interoperability between systems.
• Compliance Features: Our solution integrated compliance features and upheld industry-leading security standards through encrypted data transmission, secure storage practices, and audit trails. This ensured adherence to relevant regulations while safeguarding customer data and privacy.
• Scalable Architecture: Leveraging a scalable cloud-based architecture, we devised a solution capable of accommodating growing transaction volumes and expanding customer base. With automated scaling capabilities and robust infrastructure management tools, we ensured optimal performance and reliability. This enabled the client to scale their operations seamlessly without compromising user experience or system stability.

Benefits: 49% cost savings and 63% improved revenue streams

• Cost Savings: Reduced cloud infrastructure costs through optimized resource utilization and cost-saving measures.
• Improved Customer Retention: Enhanced customer satisfaction and loyalty, resulting in a significant increase in customer retention rates.
• Data-Driven Decision Making: Utilized advanced analytics to optimize pricing strategies, tailor marketing campaigns, and improve overall business operations.
• Expanded Market Reach: Seized opportunities in underserved markets, capturing a larger share of the consumer electronics and furniture retail sectors.
• Diversified Revenue Streams: Increased profitability by diversifying revenue streams beyond traditional sales transactions.

Ready to transform your fintech operations?

If you’re facing challenges with legacy infrastructure and seeking modern cloud solutions, our team is ready to guide you. With our expertise, we can devise a tailored solution that addresses your unique business needs.

Whether you need to streamline cost management, enhance integration capabilities, or ensure compliance with regulatory requirements, we’ve got you covered.