Google Cloud Platform Case Studies Billie: Leveraging IoT for Secure and Efficient Fintech Infrastructure

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	Billie: Leveraging IoT for Secure and Efficient Fintech Infrastructure Google Cloud Platform

Billie: Leveraging IoT for Secure and Efficient Fintech Infrastructure

Google Cloud Platform

Technology Category	Infrastructure as a Service (IaaS) - Cloud Computing Platform as a Service (PaaS) - Application Development Platforms
Applicable Industries	Cement Construction & Infrastructure
Applicable Functions	Sales & Marketing
Use Cases	Construction Management Infrastructure Inspection
Services	Cloud Planning, Design & Implementation Services
Challenge	Billie, a German fintech startup, offers online invoice factoring services to its customers, helping them to advance payments for their outstanding invoices. As an intermediary in handling payments, the company faced the challenge of ensuring utmost reliability and security. Unlike its competitors who operate as subsidiaries of large, established firms, Billie operates independently and had to obtain its own operating license from the German financial authorities. The company needed to build a stable, scalable platform from scratch that could adapt to market conditions and gain the trust of their clients. The challenge was to create a platform that was not only secure but also capable of scaling quickly and efficiently. Read More
About Customer	Billie is a German fintech startup that provides online invoice factoring services to its customers. The company helps businesses advance payments for their outstanding invoices, thereby securing their cash flow and keeping operations on track. As an independent company, Billie had to obtain its own operating license from the German financial authorities. The company is committed to delivering more stability and security to gain the trust of their clients. To maximize competitiveness, Billie built a stable, scalable platform from scratch with the flexibility to adapt to market conditions. Read More
Solution	Billie chose to build its solution on Google Cloud Platform. With the help of Google Cloud Platform's managed services and intuitive interfaces, Billie’s team of seven engineers were able to set up their solution in just five months. The company used Google Cloud Storage to run a daily one-way automatic synchronization with a data repository, ensuring that backups were constantly on-hand in the event of a cyberattack. Only designated team members could access the repository through their Google Workspace accounts. The company also used auto-scaling Compute Engine instances with Container Registry and easy synchronization of data through Cloud Pub/Sub to deliver a highly reliable, well-integrated system for handling constantly updated payment information. Furthermore, Billie used Google BigQuery to collate data from highly heterogeneous data sources to evaluate the efficiency of its digital and offline marketing. This helped the company identify potential clients for its services and produce targeted advertising. Read More Log in to view content
Contents

Technology Category

Infrastructure as a Service (IaaS) - Cloud Computing

Platform as a Service (PaaS) - Application Development Platforms

Applicable Industries

Cement

Construction & Infrastructure

Applicable Functions

Sales & Marketing

Use Cases

Construction Management

Infrastructure Inspection

Services

Cloud Planning, Design & Implementation Services

Challenge

Billie, a German fintech startup, offers online invoice factoring services to its customers, helping them to advance payments for their outstanding invoices. As an intermediary in handling payments, the company faced the challenge of ensuring utmost reliability and security. Unlike its competitors who operate as subsidiaries of large, established firms, Billie operates independently and had to obtain its own operating license from the German financial authorities. The company needed to build a stable, scalable platform from scratch that could adapt to market conditions and gain the trust of their clients. The challenge was to create a platform that was not only secure but also capable of scaling quickly and efficiently.

About Customer

Billie is a German fintech startup that provides online invoice factoring services to its customers. The company helps businesses advance payments for their outstanding invoices, thereby securing their cash flow and keeping operations on track. As an independent company, Billie had to obtain its own operating license from the German financial authorities. The company is committed to delivering more stability and security to gain the trust of their clients. To maximize competitiveness, Billie built a stable, scalable platform from scratch with the flexibility to adapt to market conditions.

Solution

Billie chose to build its solution on Google Cloud Platform. With the help of Google Cloud Platform's managed services and intuitive interfaces, Billie’s team of seven engineers were able to set up their solution in just five months. The company used Google Cloud Storage to run a daily one-way automatic synchronization with a data repository, ensuring that backups were constantly on-hand in the event of a cyberattack. Only designated team members could access the repository through their Google Workspace accounts. The company also used auto-scaling Compute Engine instances with Container Registry and easy synchronization of data through Cloud Pub/Sub to deliver a highly reliable, well-integrated system for handling constantly updated payment information. Furthermore, Billie used Google BigQuery to collate data from highly heterogeneous data sources to evaluate the efficiency of its digital and offline marketing. This helped the company identify potential clients for its services and produce targeted advertising.

Impact #1	The use of Google Cloud Platform has enabled Billie to build a more secure and reliable infrastructure. The platform's managed services have freed up Billie’s DevOps department to focus on innovation. The company has been able to experiment with a range of Google Cloud Platform products, learning through experimentation and finding the best fit for their needs. The speed with which data models based on Google BigQuery can be adjusted has allowed Billie to keep its acquisition price per customer low, demonstrating a flexible, experimental approach to growth. Looking ahead, Billie plans to expand its services to other countries with new products able to operate without any UI, thanks to APIs that will provide services such as automatically processing large numbers of invoices.

Impact #1

The use of Google Cloud Platform has enabled Billie to build a more secure and reliable infrastructure. The platform's managed services have freed up Billie’s DevOps department to focus on innovation. The company has been able to experiment with a range of Google Cloud Platform products, learning through experimentation and finding the best fit for their needs. The speed with which data models based on Google BigQuery can be adjusted has allowed Billie to keep its acquisition price per customer low, demonstrating a flexible, experimental approach to growth. Looking ahead, Billie plans to expand its services to other countries with new products able to operate without any UI, thanks to APIs that will provide services such as automatically processing large numbers of invoices.

Benefit #1	Billie was able to set up their solution in just five months with a team of seven engineers.
Benefit #2	The company achieved exponential growth with the highly scalable platform built on Google Cloud Platform managed services.
Benefit #3	Billie was able to secure reliability with multiple data repositories and one-way synchronization.

Benefit #1

Billie was able to set up their solution in just five months with a team of seven engineers.

Benefit #2

The company achieved exponential growth with the highly scalable platform built on Google Cloud Platform managed services.

Benefit #3

Billie was able to secure reliability with multiple data repositories and one-way synchronization.

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Overview

Billie: Leveraging IoT for Secure and Efficient Fintech Infrastructure

Operational Impact

Quantitative Benefit