How a serverless risk engine transformed a digital bank

Migrating to the cloud permitted scalability, faster model updates and a better team structure

Offering small business and retail banking products, Renmoney was founded in 2012 in Nigeria by Stephen Jennings, the entrepreneur behind Russian investment bank Renaissance Capital. A decade later, our bank had become a top-three digital lender in the country, with more than 600 staff and a business comparable in size to some of the traditional Nigerian retail banks. Around 85% of our clients are individuals (often small business owners), with the rest being small businesses. We handle around