Koibanx is the leading tokenization and Blockchain payments platform in Latin America, with a track record of more than seven years, and “real-world” gateways that bridge the traditional financial system with the Web3 ecosystem. Tokenization and on/off ramps are made available within the regulatory framework for each country in the region.
As Koibanx grew, both acquiring more clients and offering more products, it became increasingly difficult to remain organized, neat, and methodical. The team was overloaded and struggling to maintain everything. Additionally, the team lacked sufficient AWS expertise internally.
Koibanx was struggling as their rapid growth caused operational complexity and a need for consolidation of their cloud environment, which consisted of nearly thousands of services running on hundreds of AWS instances. The company hosted numerous separate accounts for each of their customers, which included banks, as well as different environments such as development and production. Although the environment functioned, it required efficiency improvements, as manual interventions were needed for every deployment and modification.
Koibanx needed to centralize organization of AWS resources to improve governance and management of policies and costs. Specifically, the company needed to automate much of the work required to manage the infrastructure, reducing the need for a large team.