How Southeast Asia’s Leading e-Wallets Saved Up to 40% in Database Costs

As Indonesia’s fintech panorama expands, the trade faces a pivotal transformation pushed by digital innovation and an growing demand for extra environment friendly, scalable monetary companies — such because the database structure resolution from OceanBase.

On this quickly evolving market, OceanBase emerges as a vital technological ally. OceanBase provides a distributed SQL database platform that meets and exceeds scalability, efficiency, and cost-effectiveness necessities.

With its distinctive capabilities, OceanBase is setting the stage for a brand new chapter in digital finance, empowering companies to navigate at the moment’s challenges whereas getting ready for tomorrow’s alternatives.

OceanBase: A New Period for Fintech Database Administration

OceanBase, developed by Ant Group, represents a major leap ahead in database know-how. It’s an infinite scalable distributed database that handles data-intensive transactional and real-time operational analytics workloads.

OceanBase distinguishes itself with its distinctive efficiency capabilities, evidenced by setting world information within the TPC-C benchmark check—a testomony to its effectivity and scalability. Serving over 1000 international clients, OceanBase database structure underpins all mission-critical Alipay programs, showcasing its reliability and robustness.

Earlier than adopting OceanBase, fintech organisations in Southeast Asia confronted hefty server {hardware} prices, with preliminary bills amounting to US$730,000 and an annual enhance of 20%.

For example, the server value would typically represent over two-thirds (70%) of the corporate’s complete database {hardware} expenditure. Furthermore, different database licensing charges would vary at US$365,000, which elevated by 20% yearly. Such escalating prices highlighted the pressing want for a extra environment friendly and cost-effective database resolution.

Success Tales from Southeast Asia: DANA and GCash

OceanBase’s effectiveness is vividly illustrated by its collaborations with DANA in Indonesia and GCash within the Philippines. These partnerships showcase how OceanBase’s know-how can rework the operational dynamics of fintech platforms, enabling them to scale effortlessly, keep excessive knowledge consistency, and obtain unprecedented ranges of availability and efficiency.

DANA, a number one pockets supplier in Indonesia, confronted challenges with its preliminary small-scale cluster structure, struggling to take care of excessive success charges and knowledge consistency.

The deployment of OceanBase’s 3-replica structure enabled DANA to develop seamlessly and guarantee financial-grade knowledge consistency, contributing to a outstanding enchancment in efficiency and capability. This strategic transfer supported DANA’s fast development and ensured zero database failures and knowledge loss, considerably boosting enterprise system availability.

Equally, GCash, the Philippines’ premier e-wallet service, encountered operational prices and knowledge administration hurdles resulting from its increasing person base. OceanBase’s distributed structure facilitated a 70% discount in knowledge space for storing and a 40% lower in database useful resource prices for GCash.

This transformation led to a streamlined operation with 80% fewer knowledge nodes, highlighting OceanBase’s functionality to handle development effectively whereas enhancing operations and upkeep (O&M) effectivity.

Addressing Key Challenges in Fintech

The fintech trade, significantly in fast-growing rising markets like Indonesia, grapples with myriad challenges of their development journey. These can embrace insufficient efficiency, intensified database value pressures, and constrained capability for innovation.

OceanBase addresses these points head-on, providing options that scale back useful resource and administration prices and supply secure efficiency to help enterprise development.

OceanBase’s benefits prolong past value financial savings and efficiency enhancements. Its excessive availability, financial-grade knowledge consistency, and help for agile innovation place it as a number one selection for fintech firms aiming to remain forward in a aggressive panorama.

As well as, OceanBase’s capability to facilitate clean database switches and supply skilled companies makes it a dependable accomplice for companies transitioning to extra superior database options.

OceanBase in Indonesia: Strategic Transfer for Fintech Leaders

For tech and C-level managers within the Indonesian fee and fintech trade, embracing OceanBase provides a strategic benefit. The database’s scalability, efficiency, and cost-effectiveness align completely with the wants of a market characterised by fast development and evolving buyer expectations.

By analyzing the experiences of DANA and GCash, Indonesian fintech firms can acquire insights into the tangible advantages of partnering with OceanBase, the one distributed database globally that has refreshed information for each TPC-C and TPC-H On-Line Transaction Processing (OLTP) benchmarks.

Adopting OceanBase signifies greater than a technological improve; it represents a dedication to innovation, effectivity, and sustainability within the fintech sector.

With OceanBase, firms can redefine their operational capabilities, improve buyer experiences, and obtain a aggressive edge within the digital finance panorama.

OceanBase in Indonesia’s Fintech Evolution

Because the fintech panorama in Indonesia continues to develop and evolve, the necessity for strong, scalable, and environment friendly technological options turns into paramount to maintain prices in line and optimistic development the first focus.

The OceanBase distributed relational database, with its confirmed observe report and strategic benefits, provides a path ahead for firms seeking to navigate the complexities of digital finance.

By means of partnerships like these with DANA and GCash, OceanBase demonstrates its potential to be a transformative pressure within the fintech trade. It allows firms to attain operational excellence and drive innovation.

For Indonesia’s fintech sector, embracing OceanBase database structure could possibly be key to unlocking a brand new period of development and competitiveness.

Featured picture credit score: Edited from Freepik