Executive Summary

  • Client: A leading fintech company processing millions of transactions daily.
  • Challenge: Security vulnerabilities, compliance hurdles, and limited scalability with legacy infrastructure.
  • Solution: A secure and scalable cloud-native mobile application powered by AWS infrastructure.
  • Results:
    • 60% reduction in fraud incidents.
    • 99.99% uptime with enhanced disaster recovery.
    • 40% faster transaction processing times.

“American Chase’s expertise enabled us to scale securely while meeting strict compliance requirements.”

 – CTO

Client Background

Who They Are

The client is a leading fintech company specializing in digital payments, handling over 5 million transactions per day across multiple financial services. Their goal is to offer a seamless, secure, and fast transaction experience.

Pre-Challenge State

  • Operated on-premise servers that struggled with growing transaction volumes.
  • Faced increasing fraud risks and regulatory compliance challenges.
  • Users reported delays in transactions, leading to dissatisfaction.

“As our user base grew, our legacy system became a bottleneck. We needed a solution that prioritized security and speed.”

 – CTO

The Challenge

Pain Points

  1. Security Threats: Rising fraud attempts and lack of robust security mechanisms.
  2. Limited Scalability: On-prem infrastructure could not handle traffic spikes.
  3. Compliance Issues: Struggled to meet regulatory requirements for financial data protection.

Business Impact

  • Increased fraud attempts leading to financial losses.
  • Frequent downtimes impacting customer trust.
  • Regulatory fines due to compliance gaps.

Client Goals

  • Implement a scalable and secure transaction system.
  • Enhance fraud detection and real-time monitoring.
  • Ensure 100% regulatory compliance.

The Solution

Approach

  • Migrated the entire transaction processing system to AWS cloud while ensuring security and compliance.
  • Developed a native mobile application optimized for real-time transactions.
  • Implemented AI-driven fraud detection mechanisms.

Key Features

  1. End-to-End Encryption: Secured transactions with advanced encryption standards.
  2. Fraud Detection System: AI-powered monitoring to detect and block fraudulent transactions in real-time.
  3. Scalable Cloud Infrastructure: Auto-scaling enabled handling of peak traffic without delays.

Implementation Process

Timeline

  • Phase 1 (Assessment): 4 weeks for system audit and AWS architecture planning.
  • Phase 2 (Migration): 5-month migration and app redevelopment.
  • Phase 3 (Optimization): Ongoing performance monitoring and security updates.

Team Structure

  • Security experts, cloud architects, mobile app developers, and compliance specialists.

Overcoming Hurdles

  • Ensured zero transaction failures during migration.
  • Achieved compliance with PCI DSS and GDPR through rigorous security measures.
  • Integrated real-time monitoring to proactively detect issues.

Results and Impact

Quantitative Metrics

60%%

Reduction in Fraud

AI-driven security features minimized fraudulent transactions.

40%

Faster Transaction Processing

Transactions completed in under 1 second.

99.99%%

Uptime

High availability with automated failover mechanisms.

Qualitative Benefits

  • 📈 Increased customer trust with a secure and reliable app.
  • 🔍 Improved regulatory compliance, avoiding hefty fines.
  • 🔄 Reduced IT overhead with a managed cloud environment.

“The new system transformed our operations—transactions are now seamless, secure, and scalable.“

  – CTO.

Project Snapshot

  • Client: Fintech Industry, Global
  • Project Duration: 6 months
  • Platform: Native Mobile Application
  • Key Metric: 60% fraud reduction

“American Chase didn’t just upgrade our infrastructure; they redefined how we ensure secure financial transactions.“

  – CTO.

Summary

Built a highly secure fintech app with AWS-based infrastructure, ensuring encrypted transactions and fraud detection.