Financial Services
Asia Pacific
Enterprise/Public Sector
"With a strong presence in Indonesia and two local data centers, and a wide range of services across compute, storage, and security, Tanamduit viewed Alibaba Cloud as an all-in-one cloud services provider to meet its long-term business needs. Alibaba Cloud’s complete solution stack was perfect for streamlining Tanamduit’s business processes, addressing its security needs, and meeting its application requirements."
About Tanamduit
With over 340,000 investors as of March 2021, Tanamduit is one of Indonesia’s leading digital financial platforms. Developed by PT Mercato Digital Asia and supervised by Indonesia’s Financial Services Authority (OJK), Tanamduit aims to offer seamless online financial services and help Indonesians achieve financial freedom. It is a one-stop-solution for all the investment needs, including mutual funds, bonds, gold, and insurance, with a total of 88 products. It addresses all the financial needs comprehensively via a single application and helps customers create, execute, and monitor the progress of their financial plans.
Challenge
With the rapid increase in the number of investors in the country, Tanamduit wants to spearhead the digital financial services landscape by building a comprehensive online investment platform. It strives to build an innovative, agile, and stable platform to get better reach across the market segment.
Tanamduit was looking for an experienced technology partner with cloud computing expertise to track the massive volume of daily transactions across its extensive product range. It required a reliable, easy-to-use, scalable, and cost-effective cloud platform that supports big data-enabled customer insights. Moreover, it must meet local compliance, infrastructure, and data storage requirements and adhere to the financial services industry regulations. Therefore, Tanamduit needed a cloud partner that supports its infrastructure, streamlines processes, simplifies integration management with the third-party vendors, and ensures compliance and data security.
Why Alibaba Cloud
With a strong presence in Indonesia and two local data centers, and a wide range of services across compute, storage, and security, Tanamduit viewed Alibaba Cloud as an all-in-one cloud services provider to meet its long-term business needs. Alibaba Cloud’s complete solution stack was perfect for streamlining Tanamduit’s business processes, addressing its security needs, and meeting its application requirements. While local data centers in Indonesia ensure compliance with Indonesia’s regulatory requirements, clear service level agreements (SLAs) ensure adequate and prompt support to build a reliable infrastructure. Besides, Alibaba Cloud experts helped Tanamduit define, design, and build transparent processes for smooth and quick implementation.
Architecture
Tanamduit uses Alibaba Cloud's Elastic Compute Service (ECS) as an application server and a webserver to process every transaction originating from a corresponding partner. For the webserver or API server layer, it employs a Web Application Firewall (WAF) to prevent attacks originating from malicious sources. Meanwhile, the connection between Tanamduit partners and the application server is controlled using the Alibaba Cloud API Gateway. With the API Gateway, Tanamduit ensures security and platform stability by leveraging access permission management and traffic monitoring. Furthermore, it also uses Server Load Balancer (SLB) to improve the platform's availability and Object Storage Service (OSS) to store and backup massive data volumes for improving processing capability.
For managing performance at the end-user side, it utilizes several services such as Alibaba Cloud Content Delivery Network (CDN) to help deliver content more smoothly and efficiently to ensure an exceptional user experience. To further amplify the user experience beyond effective application performance, Tanamduit strives to improve the information delivery by leveraging Alibaba Cloud DirectMail broadcast service. It helps end-users get instant notifications about each transaction.
Notice: ApsaraDB for Redis and Tair have been merged and renamed to Tair (Redis® OSS-compatible) since September 2024.
Looking Forward
Tanamduit is driven to provide an exceptional financial experience for the people of Indonesia and empower local communities across the country by providing easy access to affordable financial products and services. Collaboration with Alibaba Cloud strengthens the technology foundation of the Tanamduit platform to rapidly and securely grow and continually deliver value to investors.
Featured
Products
Products
A secure, reliable, and elastically scalable cloud database service for automatic monitoring, backup, and recovery by time point
ApsaraDB for Redis is a fully-managed, in-memory database service that is compatible with Redis protocols. It can process data in key-value pairs with low response latency.
A scalable and high-performance content delivery service for accelerated distribution of content to users across the globe
A simple and efficient email service to help you send transactional notifications and batch email
Elastic and secure virtual cloud servers to cater all your cloud hosting needs
An easy to use service that provides real-time monitoring of servers to ensure high availability
API Gateway provides you with high-performance and highly available API hosting services to deploy and release your APIs on Alibaba Cloud products
Server Load Balancer (SLB) distributes network traffic across groups of backend servers to improve the service capability and application availability
An encrypted and secure cloud storage service that can store, process, and access massive amounts of data from anywhere in the world
A fully hosted online database service that supports MySQL 5.5, 5.6, 5.7, and 8.0
Other Related Story
Permodalan Nasional Berhad (PNB)
Established in 1978, Permodalan Nasional Berhad (PNB) has grown to become one of Malaysia's largest fund management companies.
Luen Fung Hang Insurance Company Limited
Established in 1983, Luen Fung Hang Insurance Company Limited is a pioneer in Macau’s insurance industry.
SCC
Sabah Credit Corporation (SCC) aims to support the socio-economic development of its population.
Snapshot
Alibaba Cloud supported Tanamduit in building an innovative, agile, and resilient digital financial platform.
Product/Solution Used
Product/Solution Used
A Free Trial That Lets You Build Big!
Start building with 50+ products and up to 12 months usage for Elastic Compute Service
Get Started for Free Get Started for Free
