Running a fintech company is a tough nut to crack if you can’t predict your opex and are in a constant battle for your profit margins. You’re busy

The Hidden Shortcut to Increasing Fintech Gross Margins – Cloud Automation

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2022-01-27 17:00:13

Running a fintech company is a tough nut to crack if you can’t predict your opex and are in a constant battle for your profit margins. You’re busy innovating your payment products, creating omnichannel experiences, or automating insurance processes.

I know what that feels like. In my last company, at the end of each month, we’d sit with our CTO and the executive team and try to find out whether we’re spending the right amount for cloud resources.

Back in December 2019, the trading app Robinhood received 100k requests per second at peak time. By June 2020, that number increased to 750k requests per second.

Can you scale up like that and manage a 7x load increase (or more) when Elon Musk tweets about your app? Or when a global pandemic suddenly inspires everyone to invest in ETFs?

You probably run a modern, automated CI/CD pipeline where developers can easily test and deploy code to improve your product faster.