MeaWallet blog

MeaWallet is going cloud native

Written by MeaWallet | 13 | 04 | 2023

There it is: Due to popular demand, we are switching our hosting platform to AWS, which means our services will go cloud native.

This is a fairly big change under the hood, which will yield oodles of benefits for everyone involved, including you – if you’re a customer, that is! So, let’s dive into some of these benefits and some background of cloud-native architectures and applications, shall we?


What does "cloud native" mean?

According to our new cloud service provider, AWS, “Cloud-native applications are software programs that consist of multiple small, interdependent services called microservices.”

In essence, the cloud-native approach takes the traditional, single-block structure that would contain all the functionalities of an app and break it up into smaller pieces called “microservices.”

This does several things: Because these microservices work independently and take fewer resources to run, the overall application becomes more efficient and agile. Collaborating on modifying and testing individual pieces of the application puzzle instead of said giant block, where it’s more likely you stop on each other’s toes. Scalability on different platforms becomes a lot more feasible, too!

Those are some of the benefits behind Gartner’s projection that “more than 85% of organizations will embrace a cloud-first principle by 2025 and will not be able to fully execute on their digital strategies without the use of cloud-native architectures and technologies.”

 

“But how does cloud-native benefit me?”

Thank you for that question, eagle-eyed reader! Yes, a lot of the benefits from the earlier paragraph will impact the way we at MeaWallet develop and deploy our services.

 

More, faster, sooner

Being faster and more flexible helps us deliver new features, products, and improvements to you significantly sooner.

Better customer experience

Cloud-based connections are more stable and reliable. If you or your customers have experienced frequent lags or timeouts, those should become a thing of the past.

AWS also has several hubs around the world, from which you can access our services. Currently, the further away from our hub in Scandinavia you are, the longer it takes for data to travel, which can cause small service delays. With this change, everyone around the globe will get the same quick response time – no worries, Australia!

Tighter security

Remember we talked about how cloud-native applications consist of small, encapsulated, microservices? This design also improves overall data safety.

In addition, we’ve selected AWS because they satisfy the security requirements for global banks and other high-sensitivity organizations and help to achieve third-party validation for thousands of global regulatory requirements.

 

 

  1. What is MeaWallet changing about their infrastructure?

MeaWallet is migrating their hosting platform to Amazon Web Services (AWS), adopting a cloud-native approach.

  1. What is cloud-native and how does it work?

Cloud-native applications are built as collections of small, independent services (microservices) instead of a single large program. This makes them more efficient, agile, and scalable.

  1. Why is MeaWallet moving to a cloud-native architecture?
  • Increased efficiency and agility in development and deployment.
  • Improved scalability to meet changing demands.
  • Alignment with industry trends (Gartner predicts 85% of organizations will be cloud-first by 2025).
  1. What benefits will this have for MeaWallet customers?
  • Faster development and delivery of new features and products.
  • More stable and reliable connections with fewer lags or timeouts.
  • Improved global performance with consistent response times.
  • Enhanced data security through the microservices architecture and AWS's robust security practices.
  1. How will the cloud-native approach improve development speed?

Microservices are easier to modify and test independently, allowing for faster development cycles.

  1. How will AWS improve global performance for MeaWallet customers?

AWS has data centers around the world, reducing latency (delays) for users far from MeaWallet's current Scandinavian hub.

  1. How does the microservices architecture enhance data security?

Isolating data within smaller services minimizes the potential impact of a security breach.

  1. What does AWS's security record say about MeaWallet's future cloud environment?

AWS meets the security standards of major banks and other sensitive organizations, making it a secure cloud environment for MeaWallet's services.