Thai FinTech Company MONIX Goes All In On AWS To Drive Nano Lending

BANGKOK—December 13, 2021 — Today, Amazon Web Services, Inc. (AWS), an Inc. company (NASDAQ: AMZN), announced that financial technology (fintech company) MONIX, a joint venture between leading Thai banking group Siam Commercial Bank Group and Chinese fintech unicorn Abakus Group, has gone all-in on AWS. By building the vast majority of its IT infrastructure to AWS, MONIX built and launched the FINNIX app, one of Thailand’s very first nano finance platforms, in just five months. Through the FINNIX app, MONIX provides customized, convenient, and flexible nano loans to millions of Thailand’s self-employed and underbanked people who don’t qualify for loans at traditional banks due to a lack of credit history and salary documentation. The FINNIX app helps small entrepreneurs and blue-collar workers better manage their finances by offering fair interest rate loans. To date, MONIX has provided more than $190 million in nano loans to over 4 million people through FINNIX, which were approved fast within five minutes with no documentation or collateral required. Using the breadth and depth of AWS services, including compute, containers, and databases, MONIX is taking a friendly and inclusive approach to financial services by providing customers with financial education, gamifying financial planning content on social media, and sharing tips on how to save money.

MONIX sought to quickly build a cost-effective, secure, scalable, and compliant lending platform to cope with demand for instant nano loans from unbanked Thai workers. To achieve this, the fintech company needed to analyze large volumes of customer data and implement a 24/7 smartphone solution that could service the low-income segment of the population with a personalized and convenient loan repayment approach that matches each customer’s behavior. Using Amazon Elastic Compute Cloud (Amazon EC2), a service that provides secure, resizable compute capacity in the cloud, MONIX can scale workloads automatically to deploy new FINNIX features every two weeks and meet customer demand for nano lending services, which doubles every two months. Amazon Elastic Kubernetes Service (Amazon EKS) gives MONIX the flexibility to start, run, and scale Kubernetes container applications in the cloud, so the company can easily identify and evaluate new customers for automated nano loan approvals. Using Amazon EKS, MONIX runs machine learning models to analyze customer transaction data and infer whether a customer is eligible for a loan. With Amazon Relational Database Service (Amazon RDS), which helps customers set up, operate, and scale a relational database in the cloud, MONIX can minimize database management time and ensure business continuity through automatic backups to help manage disaster recovery. MONIX uses AWS security, identity, and compliance services, including AWS CloudTrail and AWS Web Application Firewall (AWS WAF), to run the company’s finance offerings in a secure and compliant way.

“We were able to very quickly build a one-stop platform on AWS for the Thai people who need loans most in an effort to improve their financial lives,” said Ms. Thiranun Arunwattanakul, Chief Operating Officer, MONIX. “MONIX is growing rapidly, and AWS is helping us to scale cost-effectively to meet customer demand for innovative financial services and deliver an easy and frictionless user experience. Security and data compliance are crucial to our operations, and AWS helps us easily exceed industry standards.”

“MONIX’s vision is to create opportunities for Thai people to prosper and enjoy life. We are proud to support MONIX and ensure they are able to access AWS’s trusted services to launch the FINNIX app in just five months with a cost-effective, secure, scalable, and compliant lending platform running on the cloud,” said Conor McNamara, Managing Director of AWS ASEAN. “FINNIX gives Thai workers and small entrepreneurs access to instant nano loans via a formal lending channel. We will continue to support the MONIX team on their mission to drive financial inclusion, education, and security with the breadth and depth of AWS services.”

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The FINNIX application is provided by MONIX Co., Ltd. The application is regulated by the Bank of Thailand and operates legally at every step. Consumers can check the company's license at the Bank of Thailand website. Those interested can download the FINNIX application by visiting, learn more about the application and terms of use at, or via Facebook at