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Cloud Optimization Strategy for a Leading Digital Bank

Overview

Our client is a UAE based banking service provider known to offer an advanced trade finance solution. The solution includes different integrated and commercial on-premise and cloud-native applications. The client was looking to optimize cloud technology as per the market trends and reduce overall operational cost. Our cooperation with the client resulted into remarkable results.

Industry

BFSI

Services

Cloud & DevOps

Our Process

The assessment of existing cloud infrastructure by our team showed that they need refinement. The experts with deep expertise in cloud computing were the right fit for the job. After a thorough analysis of every parameter (IDE), we decided to remove them for seamless bank updates and lower operational costs.

We used the same strategy to optimize subscriptions for hardware and services. To sustain performance at the specific level and address possible spikes, we integrated Azure Autoscale. For performance metrics tracking Azure Monitor tool was implemented.

OrangeMantra experts also improved the overall cybersecurity of the client’s banking system to be compatible with all regulatory requirements. We added security features including Privileged Identity, Access Management, and Advanced Threat Protection. We also added a more advanced firewall layer.

1
Infrastructure Migration

Our team started with migration of client core banking systems, databases, and applications to the cloud, eliminating downtime with enhanced data integrity.

2
Resource Scaling

Next, we implemented auto-scaling capabilities helping client to manage resources in a dynamic manner depending on the workload fluctuations.

3
Continuous Monitoring

Continuous monitoring and resource optimization was our next stage to keep a check on the cost-saving opportunities without compromising performance.

4
Security Integration

Latest security measures were added, including encryption, identity and access management, and other security audits to protect data keeping compliance.

The Problem

Being a modern and innovative banking firm, they were facing challenges in their payment system design. The resources assigned were underutilized as per the cost involved. Our deep expertise and mature approach with cloud computing in banking assured our client we are the right fit. We shared our plan to implement a cloud optimization strategy for their digital banking solution.

Our Role

  • Infrastructure Migration
  • Resource Scaling
  • Cost Management
  • Security Integration

Project Challenges

1.Scalability Issues

Managing large number of transactions and customer information is cumbersome with conventional on-premise infrastructure. Maintaining and upgrading hardware ended into high capital and operational cost.

2.Inflexibility

The existing infrastructure was missing flexibility required to deploy new services. Ensuring the highest standards of data security and compliance was a continuous challenge.

Results

Having vast expertise in cloud computing, OrangeMantra cloud team implemented a cost-cutting strategy. Our client was able to manage business resources efficiently. Our initiatives helped client to reduce the total cost of cloud infrastructure management via 30%. The overall security of the banking system improved significantly with complete data transparency building better customer relations.

By optimizing overall banking infrastructure and implementing disaster recovery processes, we eliminated the possibility of any security incidents and enhanced the solution’s operational stability. Showing mature approach to software development and with innovation, OrangeMantra has become a key technology partner for the digital bank.

1.Improved Scalability

The client experienced enhanced scalability, effortlessly managing increased transaction volumes during peak times without impacting performance.

2.Cost Optimization

The availability of pay-as-you-go model and efficient resource utilization helped in a significant reduction in operational costs.

3.Agility and Innovation

The bank achieved faster deployment of latest features, enabling quicker responses to cater diverse demands and staying ahead of competitors.

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