What is Airwallex?
In order to help businesses overcome obstacles related to international money transfers and enable them to grow without limits, Airwallex is constantly creating and implementing new technology. The goal of Airwallex is to upend and revolutionise the fintech industry. Currently available services from Google Cloud include embedded finance, treasury and cost management, and international payments. End-to-end solutions delivery is the aim of Google Cloud. With its proprietary infrastructure, Google Cloud can lower the friction associated with international payments and financial procedures, creating new growth opportunities for businesses of all sizes.
Developers for Google Cloud are at the core of everything Google Cloud does at Airwallex. They put a lot of effort into finding a good balance between speed and quality, and they work under the motto "develop first, deploy fast," which they believe has benefited their customers.As a result, the continuous integration and deployment (CI/CD) pipelines based on Google Cloud, including Gitlab, need to always function at maximum efficiency. Over the years, Google Cloud has created a number of integrations. Additionally, Google Cloud has automated testing and validation, allowing for a confident deployment.
leveraging Google Cloud to enter new global markets
Google Cloud made the decision to expand globally in late 2018 and early 2019, and they started searching for a platform. We started out on a hybrid cloud with many providers since it provided better support in the Asia-Pacific region, which made sense. However, as the company sought to expand, its goals shifted, and it found that its well-established global network best satisfied its needs. Expanding into other regions was simple because to Google Cloud's highly integrated cloud architecture and advanced inter-regional capabilities.Because of the scalability of Google Kubernetes Engine (GKE) and the agility of BigQuery, the Google cloud team has been able to take on projects that have gotten harder and more complicated as they continue to expand their global network.
Relying on the dependability of Google Cloud for CI/CD
For seamless international money transfers, among other things, Airwallex depends on robust and flexible CI/CD pipelines and APIs. GitLab and GKE provide us with a scalable, always-available environment that enables us to quickly adjust to changing market conditions and security scenarios.
Every Google cloud GitLab service component functions natively in GKE clusters. Google cloud GitLab object storage is the caching service on Memorystore and Cloud Storage buckets; Google cloud GitLab database is Cloud SQL, a fully managed relational database on Google Cloud. A part of Google cloud GitLab runners are also hosted on Compute Engine virtual machines.
One of the key benefits of Google Cloud is its scalability. We have benefited greatly in terms of scalability and stability from GitLab's implementation on GKE. For example, Google Cloud never has to be concerned about demand on GitLab thanks to GKE autoscaling and Kubernetes' Horizontal Port Autoscaling (HPA) feature.
Replicas and Kubernetes nodes can be automatically scaled in response to load on the nodes or variations in container performance.Because Google cloud GKE clusters are dispersed regionally over three zones, the GitLab instance on Google cloud is more available. They may achieve up to 99.999% availability and provide a 99.95% SLA for Google cloud GitLab database by backing up GitLab data on Cloud Storage buckets, which will help to promote a truly global DevOps culture.
Sending a release to production used to take eight hours when everything was done by hand.With an automated CI/CD pipeline, they can deliver a change including human stakeholder approvals in less than an hour.
Detecting fraud efficiently with Vertex AI
Information security is essential for a fintech company. The first line of security is fraud detection since Google Cloud needs to confirm that it is doing business with respectable organisations. In August 2023, Google Cloud launched a new Vertex AI project focused on employing generative AI technology for fraud analysis and anti-money laundering.Google Cloud has used Vertex AI into its internal fraud detection system to properly inspect and verify the integrity of any website that a customer provides. The website is put through further machine learning models on Google Cloud once its validity has been established in order to assess its danger level.
Prior to this, BigQuery was used by Google Cloud to build machine learning models to detect fraud on Google Cloud systems. Thanks to Vertex AI's real-time fraud detection capabilities, we can now complete daily tasks on Google Cloud more swiftly and effectively. This also enables us to respond to potential fraud much more promptly. Nonetheless, Google Cloud continues to employ BigQuery to help with other data-driven decisions due to its robust security and low maintenance requirements. BigQuery is an extremely economical tool because to its serverless architecture and excellent scalability.
Working together with a trustworthy partner to deliver infrastructures that are essential to mission
Everything for Airwallex has altered as a result of working with the Google Cloud Professional Services Organisation (PSO). The team's enthusiasm to share their vast understanding of system architectures and SRE methods inspires Google cloud developers to constantly do their best work. With a dedicated team behind them, Google Cloud can experiment and quickly build new products while guaranteeing the security of its infrastructure.
Airwallex's future
Extended Worldwide Growth
With ambitions for further expansion throughout the Middle East, Airwallex's most recent debut in Israel is a noteworthy example of its aggressive worldwide expansion efforts. This trend is likely to persist as the company grows into new markets and establishes itself as a major player in the financial technology industry.
Embedded Finance is the main focus
Embedded finance is one key area for growth, according to Airwallex. It directly integrates financial services into the platforms and apps that users now use, both personally and professionally. By providing businesses with the tools and resources they require to offer integrated financial products, Airwallex has the chance to become a major force in the financial sector.
Payments Innovation
Given how quickly the world of international payments is evolving, Airwallex is in a perfect position to spearhead this change. It is likely that the company will continue to develop new and creative payment solutions that address the challenges faced by businesses operating in global markets.
These are just a few potential future paths that Airwallex may take. Being a young, emerging player in a rapidly evolving industry, the company's ability to innovate and adapt will be essential to its success in the future.
News sources: Airwallex
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