The EasyEquities platform has proven to be both stable and efficient over the past several years, despite triple-digit year-on-year growth across metrics since 2019.
Our Chief Technology Officer, Paul Jansen van Vuuren, shares some of the latest statistics, enhancements and modernizations made to the platform to cater for this growth:
The biggest challenge we faced was in March 2020 when we experienced a sudden and unprecedented increase in demand from retail customers for access to the platform. This capacity issue was quickly fixed through high availability configurations of data storage, increased caching through a partnership with Synatic, and increased server capacity through the introduction of additional load balancing capabilities on both the front- and back-end servers.
These figures show the average number of transactions per month:
However, transaction count alone doesn’t reflect the amount of data entries handled by the platform. Consider the average volume of accounting entries the platform handled per month:
Customer activity has increased significantly as well. In 2019 we averaged 25 logins per minute. In 2020 this increased six-fold to 152 in logins per minute. This put a lot of pressure on our systems and our team had to increase capacity very quickly to stabilize platform availability. The number of logins per minute almost doubled in 2021 and has remained steady since then.
We recently ran a platform modernization programme that has set us up for our present requirements and into the future. We have deployed APIs to enable distribution channels through partnerships with Capitec, Discovery Bank and Telkom. We also modernized our platform components to take full advantage of containerization and orchestration platforms through the Amazon Elastic Container Services and Kubernetes clusters in our virtual private cloud environments.
One of the challenges of growing the business through partner distribution is that your maintenance windows are reduced considerably. We needed to change how we did things when we entered into these partnerships.
The modernization has assisted us by allowing our engineering team to roll out changes without disruption to the platform. These technologies and techniques are common place in businesses that have had the luxury of designing with a cloud-first strategy whereas we have needed to pivot from monolithic application architecture to a cloud-first or cloud-native architecture, all while keeping the lights on.
To do this, we introduced standards-based authentication and authorization using Open ID Connect to enable Single Sign-On across our products. We also introduced data streaming capabilities to enable an event-driven architecture. More than 25% of our components have been upgraded to take advantage of this technology.
Furthermore, we have partnered with LSD to further improve our platform capabilities in the public cloud.
Switching to a distributed, event-driven architecture means that sometimes things might get out of sync. We have had to deal with a number of challenges in this regard, some of which we are still facing. Switching all processes and internal systems to use the same methodology is a lengthy process and our approach has been to improve the most critical components systematically.
Dealing with exponential growth
As part of our planning to grow the business globally we have identified further areas of improvement. Our focus in 2022 was primarily on:
Uptime stats
EasyEquities has a publicly accessible status board showing platform uptime. This board is available at: https://status.easyequities.co.za/.
Here are the uptime statistics for the app and the website:
Change and improvement cadence
We have intentionally slowed down our delivery cadence to focus on improving our delivery pipelines. It is important for us to ensure consistency in our deployments. Modern technologies make this process easier, but we still require time to increase confidence in the process, and importantly ensure repeatability in the process.
As our manifesto states, we drive fast, but safe. We want to create the environment that is conducive to rapid innovation cycles at much higher cadences than we’ve operated in before.