Mkobo uses CloudPlexo’s SaaS solution - to discover cost optimization opportunities and security posture.

Overview

Mkobo Microfinance Bank is a financial institution based in Nigeria that specializes in providing microfinance services to individuals and small businesses. Established with a vision to promote financial inclusion and empower underserved communities, Mkobo Microfinance Bank offers a range of financial products and services tailored to the needs of its target market.

The bank's offerings typically include savings accounts, loans, and other financial services designed to meet the unique requirements of micro-entrepreneurs, low-income earners, and individuals without access to traditional banking services. Mkobo Microfinance Bank utilizes innovative technology to deliver its services efficiently and reach a wider customer base, often leveraging mobile banking and digital platforms to facilitate transactions and access to financial services.

In addition to its core financial services, Mkobo Microfinance Bank is committed to fostering financial literacy and empowering its clients through financial education programs and capacity-building initiatives. By providing accessible and affordable financial solutions, the bank plays a vital role in driving economic growth, poverty reduction, and financial empowerment within the communities it serves.

Customer Challenge

This initiative aims to optimize current cloud infrastructure, enhance security measures, achieve scalability, and streamline operations. By leveraging the Cloud Maturity Service, Mkobo anticipates improved cost efficiency, heightened security, a scalable and high-performing infrastructure, and streamlined operations. This strategic move aligns with Mkobo 's commitment to innovation, ensuring the platform remains at the forefront of the real estate technology landscape, delivering enhanced value to users. This allows room for more innovation on AWS by the Mkobo team.

Partner Solution

Mkobo using CloudPlexo SaaS solution - Wendu Cloud Security and Management platform and AWS compute optimizer to discover cost optimization opportunities and security posture. Mkobo received a full report with cloud security recommendations and opportunities for cost efficiency. To generate data-rich reports, Wendu scans an organization’s cloud infrastructure against AWS best practices, including the design principles outlined in the AWS Well-Architected Framework. This approach enables customers to evaluate their architecture based on the AWS Well-Architected Framework’s pillars of operational excellence, security, reliability, performance efficiency, and cost optimization.

Collaboration with Mkobo and CloudPlexo Cloud experts used the visibility and insights produced to save Mkobo 25% percent of our overall AWS bill by taking action. Mkobo drastically reduced waste by identifying whether any instances were overprovisioned.

Results and Benefits

Provided a high level of transparency of cloud environment and management of cloud security, cloud health, well-architected assessment, cost optimization, over-provisioned resources discovery. Cost optimization by reduction of its AWS bill by 25 percent.