Klarna selects AWS as preferred cloud provider
Written by Peter Walker
Klarna has selected Amazon Web Services (AWS) as its preferred cloud provider.
The payments FinTech stated that it chose AWS’s scalability and security to provide its teams with the ability to innovate at a faster pace, while maintaining regulatory compliance and protecting customer data.
Klarna is leveraging AWS’s global infrastructure to increase redundancy and fault tolerance as it continues to scale its business, growing from a startup into a global company that supports 60 million customers across 170,000 merchants, in 17 countries.
To complement this, Klarna has developed a microservices architecture on AWS that will optimise costs by using Amazon Elastic Kubernetes Service (Amazon EKS).
Klarna plans to follow up the launches of its cloud-based Open Banking Platform and Customer Authentication Platform with additional on-demand products using AWS.
Open Banking by Klarna provides online merchants and e-commerce providers with the ability to use its infrastructure to develop their own payment facilities. The Customer Authentication Platform allows multinational businesses to provide customer authentication experience in any market through a one-time integration.
Klarna is also planning to use AWS’s machine learning services, such as Amazon SageMaker, to help merchants train and build machine learning models to better identify and manage risk, predicting credit scores in real time, forecasting long-term economic trends, and helping end users to better manage payments and other transactions.
“Together with AWS we share a relentless focus on providing choices to consumers, so they no longer have to settle for the status quo,” said Koen Koppen, chief technology officer of Klarna. “Our collaboration with AWS has helped us to rapidly innovate and create new services and applications that customers want, in a secure and seamless way."
Andy Isherwood, managing director for Amazon Web Services EMEA, added: “We have worked with Klarna for over a decade and it has been inspiring to see them grow from a Swedish startup to a global financial services powerhouse, using the secure, proven infrastructure of AWS."