Zenda: A platform to manage medical expenses

Category: Financial Management

Services: AWS Lambda, Amazon RDS, Amazon API Gateway, AWS CloudFormation, and Amazon Eventbridge

Zenda
  • 99.9% system uptime for the Amazon RDS PostgreSQL database
  • Achieved a 70% reduction in data processing time
  • 65% increased efficiency in the KYC process.
  • Reduced costs by 40%, automating the data tasks and lower latencies.

About Zenda

Zenda is a platform that helps employees categorize and track medical expenses for enhanced payment management. It allows corporate employees to track medical costs, manage payments, and save money. Zenda ia a leading financial management platform for employees in an organization to track all the transactions, and manage payments. 

Challenge

  • Zenda faced intricate challenges in handling vast financial datasets submitted by clients.
  • Need for validation of the data shared by employees against the business logic, added to the complexity of handling financial datasets
  • Ensuring a scalable and secure Know Your Customer (KYC) process was crucial for regulatory compliance.
  • The secure generation of financial accounts post-KYC required a streamlined mechanism.
  • Automation of data tasks, reducing latency, and enhancing system scalability were paramount in meeting dynamic financial demands.

Solution

  • Simform helped Zenda create a mechanism that can process large data files using a serverless approach.
  • Our experts leveraged AWS Lambda to facilitate efficient data extraction and transformation.
  • We implemented AWS CloudFormation to create a scalable infrastructure for large data files.
  • Our team also leveraged AWS Lambda to implement the business logic validation for user data using a serverless function,
  • We implemented Amazon API Gateway to handle API requests and route the KYC request to the appropriate Lambda function to apply business logic. 
  • To facilitate seamless transactions, we created a containerized environment leveraging Amazon ECS.
  • After applying the business logic, our AWS experts used Amazon DynamoDB to store validation results.
  • Our team used Amazon Eventbridge to automate, trigger, monitor, and analyze events in the system. 
  • We deployed Amazon SES to send emails to the users for bank account creation.
  • We handled the data task queues using Amazon SQS and leveraged AWS SNS to notify API Gateway if a new data task was added. 
  • Our team used AWS Cognito to manage user identities and data privileges
  • We also deployed AWS Lambda to automate back account creation for each user and used Amazon EC2 to create a scalable environment for multiple bank account generation.
  • Our team monitored the entire process using Amazon CloudWatch. 
  • We implemented AWS CloudFormation to create a scalable infrastructure to facilitate seamless operations.
  • We also used Amazon RDS as a central repository to store and process large data files shared by users and Amazon S3 for long-term storage of large files. 

Outcome

  • Maintain a 99.9% system uptime for the AWS RDS PostgreSQL database to ensure continuous availability of financial data.
  • Demonstrate a 70% reduction in data processing time through efficient data extraction and transformation using AWS Lambda.
  • Utilize Amazon API Gateway for routing KYC requests to Lambda functions, achieving a 65% efficiency improvement in the KYC process.
  • Ensure 100% accuracy and compliance with regulatory standards in financial data processing.
  • Achieve zero errors in data validation against business logic to meet strict regulatory requirements.

Arhitecture Diagram

zenda-arhitecture-diagram

AWS Services

  • AWS Lambda: We used AWS Lambda to facilitate low-latency data extractions and implement business logic validations for the KYC process.
  • AWS CloudFormation: Our team created a scalable infrastructure to store large data files leveraging AWS CloudFormation
  • Amazon API Gateway: We used Amazon API Gateway to handle API requests and ensure each request is routed to the appropriate AWS Lambda function.
  • Amazon DynamoDB: Our experts used Amazon DynamoDB to store the KYC results after implementing the business logic validations.
  • Amazon SES: We used Amazon SES to send email notifications to the users for bank account generation
  • AWS Cognito: Our team used AWS Cognito to define data privileges and manage user identities to ensure data security.
  • Amazon RDS: We used Amazon RDS as a central repository for the systems to store large data files. 
  • Amazon SQS: Our team used Amazon SQS to handle leveraged AWS SNS to notify API Gateway if a new data task was added
  • Amazon Eventbridge: Our team used Amazon Eventbridge to automate, trigger, monitor, and analyze events in the system. 
  • Amazon EC2: Our team used Amazon EC2 to create a scalable environment for multiple bank account generation
  • Amazon ECS: We created a containerized environment leveraging Amazon ECS for the transaction process

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