Google Cloud Platform Case Studies Bit Capital's Rapid Deployment of Pix and Open Banking Solutions Using Google Cloud

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	Bit Capital's Rapid Deployment of Pix and Open Banking Solutions Using Google Cloud Google Cloud Platform

Bit Capital's Rapid Deployment of Pix and Open Banking Solutions Using Google Cloud

Google Cloud Platform

Technology Category	Application Infrastructure & Middleware - Blockchain Platform as a Service (PaaS) - Application Development Platforms
Applicable Industries	Construction & Infrastructure Finance & Insurance
Applicable Functions	Product Research & Development
Use Cases	Construction Management Infrastructure Inspection
Services	Cloud Planning, Design & Implementation Services System Integration
Challenge	Bit Capital, a Brazilian startup, has been developing 100% digital financial solutions in the cloud since 2018. The company's goal is to help its clients adapt to the rapidly changing financial industry, driven by new technologies and regulatory changes. The launch of Pix, a new payment method by Brazil's Central Bank (BC), presented a unique challenge. Pix required a solution that could be used by both direct and indirect participants, without the need for them to build an infrastructure or hire different providers. Bit Capital needed to develop this solution quickly and efficiently, while ensuring high security, scalability, and availability. The company also faced the challenge of integrating its platform's solutions with those from other companies. Read More
About Customer	Bit Capital is a Brazilian startup that offers an open-finance platform. The platform provides infrastructure for other companies to develop their own digital products and financial services in a secure, quick, and scalable way. Bit Capital's solutions can be added to the systems of non-financial companies, fintechs, and banks to provide features of Pix and other banking solutions. The company's solutions are based on blockchain and Google Cloud's cloud, ensuring greater security, scalability, and availability for customers. Bit Capital aims to help its clients adapt to the rapidly changing financial industry without the need to build an infrastructure or hire different providers. Read More
Solution	Bit Capital leveraged Google Cloud's tools to develop a comprehensive solution for Pix and open banking in less than three months. The solution's architecture is based on apps running in Docker in Google Kubernetes Engine (GKE), with interconnected microservices. The blockchain system runs on Compute Engine, its rows are managed in Pub/Sub and Dataflow, and persistent data, in Cloud SQL. Cloud Interconnect is used for the connection with BC. Cloud KMS and Secrets Management store the company’s pre-credentials. All of this is supported by Cloud Load Balancing for load balancing and autoscaling. GKE was essential for the solution’s success, providing an elastic structure to handle demand peaks and visibility to monitor internal components. The solution provides a robust structure to support a service involving periods of intense demand such as Black Friday. Read More Log in to view content
Contents

Technology Category

Application Infrastructure & Middleware - Blockchain

Platform as a Service (PaaS) - Application Development Platforms

Applicable Industries

Construction & Infrastructure

Finance & Insurance

Applicable Functions

Product Research & Development

Use Cases

Construction Management

Infrastructure Inspection

Services

Cloud Planning, Design & Implementation Services

System Integration

Challenge

Bit Capital, a Brazilian startup, has been developing 100% digital financial solutions in the cloud since 2018. The company's goal is to help its clients adapt to the rapidly changing financial industry, driven by new technologies and regulatory changes. The launch of Pix, a new payment method by Brazil's Central Bank (BC), presented a unique challenge. Pix required a solution that could be used by both direct and indirect participants, without the need for them to build an infrastructure or hire different providers. Bit Capital needed to develop this solution quickly and efficiently, while ensuring high security, scalability, and availability. The company also faced the challenge of integrating its platform's solutions with those from other companies.

About Customer

Bit Capital is a Brazilian startup that offers an open-finance platform. The platform provides infrastructure for other companies to develop their own digital products and financial services in a secure, quick, and scalable way. Bit Capital's solutions can be added to the systems of non-financial companies, fintechs, and banks to provide features of Pix and other banking solutions. The company's solutions are based on blockchain and Google Cloud's cloud, ensuring greater security, scalability, and availability for customers. Bit Capital aims to help its clients adapt to the rapidly changing financial industry without the need to build an infrastructure or hire different providers.

Solution

Bit Capital leveraged Google Cloud's tools to develop a comprehensive solution for Pix and open banking in less than three months. The solution's architecture is based on apps running in Docker in Google Kubernetes Engine (GKE), with interconnected microservices. The blockchain system runs on Compute Engine, its rows are managed in Pub/Sub and Dataflow, and persistent data, in Cloud SQL. Cloud Interconnect is used for the connection with BC. Cloud KMS and Secrets Management store the company’s pre-credentials. All of this is supported by Cloud Load Balancing for load balancing and autoscaling. GKE was essential for the solution’s success, providing an elastic structure to handle demand peaks and visibility to monitor internal components. The solution provides a robust structure to support a service involving periods of intense demand such as Black Friday.

Impact #1	The deployment of Google Cloud’s tools allowed Bit Capital to deliver a comprehensive solution for Pix and open banking in a short time frame. The solution was tested during Black Friday, a period of intense demand, and proved to be successful. The use of Google Cloud’s Operations and Cloud Trace enabled the company to quickly identify and fix performance issues. The automated management of the service freed up the team to focus on new projects and the company’s business. The deployment of services in a Google Cloud multi-region also improved customer experience by providing high availability for their solutions. In the future, Bit Capital plans to increase service usage and the creation of new projects in Google Cloud by adding more customers to Pix’s solution and Banking as a Service (BaaS) solutions.

Impact #1

The deployment of Google Cloud’s tools allowed Bit Capital to deliver a comprehensive solution for Pix and open banking in a short time frame. The solution was tested during Black Friday, a period of intense demand, and proved to be successful. The use of Google Cloud’s Operations and Cloud Trace enabled the company to quickly identify and fix performance issues. The automated management of the service freed up the team to focus on new projects and the company’s business. The deployment of services in a Google Cloud multi-region also improved customer experience by providing high availability for their solutions. In the future, Bit Capital plans to increase service usage and the creation of new projects in Google Cloud by adding more customers to Pix’s solution and Banking as a Service (BaaS) solutions.

Benefit #1	Developed a comprehensive solution for Pix and open banking in less than three months.
Benefit #2	Created a 20-cluster environment with more than 1,500 pods.
Benefit #3	Handles 250GB in data per month.

Benefit #1

Developed a comprehensive solution for Pix and open banking in less than three months.

Benefit #2

Created a 20-cluster environment with more than 1,500 pods.

Benefit #3

Handles 250GB in data per month.

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Overview

Bit Capital's Rapid Deployment of Pix and Open Banking Solutions Using Google Cloud

Operational Impact

Quantitative Benefit