How & why three fintechs run their platforms across multiple clouds

The article, authored by Cassie McAllister, explores the strategic decision of three fintech companies—Form3, Stake, and finleap—to operate their platforms across multiple cloud providers, leveraging CockroachDB for enhanced resilience and flexibility. Form3, aiming to simplify global payment schemes, transitioned to a multi-cloud approach using AWS, GCP, and Azure to address regulatory concerns and ensure platform portability. Stake, an online trading company, evolved from a monolithic application to a microservices architecture, utilizing CockroachDB to manage data location and adhere to global regulations across AWS and GCP. Finleap, focusing on the regulated open banking sector, adopted a cloud-native architecture with CockroachDB to achieve cloud portability, enabling seamless application migration across various cloud environments and ensuring compliance. These cases highlight the growing trend towards multi-cloud strategies in fintech to mitigate disruptions, comply with regulations, and enhance operational efficiency.