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

Overview

Mkobo Microfinance Bank is a Nigerian financial institution dedicated to fostering financial inclusion and empowering underserved communities. By offering tailored financial products—such as savings accounts, loans, and microfinance services—Mkobo serves the unique needs of micro-entrepreneurs, low-income earners, and individuals without access to traditional banking systems.

Leveraging innovative technology, Mkobo employs mobile and digital platforms to deliver efficient financial services. The bank is also committed to financial literacy, offering educational programs to empower its clients and promote economic growth within its communities.

Customer Challenge

Mkobo aimed to optimize its cloud infrastructure to support its expanding operations and maintain its commitment to innovation. Key challenges included:

• Cost Efficiency: Managing cloud expenses and identifying over-provisioned resources to reduce unnecessary costs.
• Security Enhancements: Strengthening their security posture to protect sensitive financial data.
• Scalability: Building an infrastructure capable of supporting future growth and innovative initiatives.
• Operational Streamlining: Ensuring a well-organized and efficient cloud environment.

Partner Solution

Mkobo partnered with CloudPlexo and implemented its Wendu Cloud Security and Management platform, alongside AWS Compute Optimizer, to address these challenges.

Key Steps

1. Cloud Infrastructure Assessment
   • Wendu scanned Mkobo’s cloud infrastructure using AWS best practices.
   • Conducted a Well-Architected Framework evaluation based on the five pillars: operational excellence, security, reliability, performance efficiency, and cost optimization.
2. Cost Optimization
   • Identified over-provisioned resources and unnecessary expenditures.
   • Delivered actionable insights, helping Mkobo reduce cloud costs by 25%.
3. Enhanced Security and Transparency
   • Provided a comprehensive security report with recommendations to bolster cloud defenses.
   • Delivered greater visibility into the cloud environment for better resource management.
4. Collaboration and Implementation
   • CloudPlexo’s team worked closely with Mkobo to execute recommended changes.
   • Focused on aligning infrastructure with AWS best practices to ensure long-term benefits.

Results and Benefits

1. Cost Savings

• Achieved a 25% reduction in AWS costs by eliminating inefficiencies and optimizing resources.

2. Improved Security

• Strengthened defenses against vulnerabilities and ensured a robust cloud security posture.

3. Scalability and Agility

• Built a scalable infrastructure capable of supporting Mkobo’s growth and innovation goals.

4. Operational Excellence

• Streamlined cloud management and operations with improved transparency and insights.

Conclusion

By leveraging CloudPlexo’s Wendu platform, Mkobo Microfinance Bank successfully optimized its AWS infrastructure, enhanced security, and achieved substantial cost savings. These improvements align with Mkobo’s vision of delivering accessible financial services while fostering economic growth and innovation.

This partnership underscores the transformative potential of strategic cloud solutions in empowering financial institutions like Mkobo to drive inclusion and deliver exceptional value to their communities.