Cloud Optimization Strategy for a Leading Digital Bank
Overview
In this case, our client is a banking service industry in the UAE that aims to deliver progressive trade finance facilities. The solution contains various bundled and market conventional on-premises and cloud-based software systems. The client was required to adopt cloud technology according to current market trends, and the total cost of investment had to be minimized. This cooperation with the client gave us stunning outcomes.
BFSI
Cloud & DevOps
Our Process
That’s why the assessment of existing infrastructure in terms of cloud implementation by our team demonstrated that they require refinement. The professionals with a strong focus on cloud computing services were decisive here. Our evaluation of every parameter (IDE) informed us of our decision to switch to have them removed to facilitate smoother and cheaper bank updates.
The same approach was applied to drive subscriptions of both hardware and services. For continuous performance at the level and to address potential boosts, we deployed Azure Autoscale. To be precise, tracking of the performance of created monitors using the Azure Monitor tool is used.
DevOps Experts India consultants also enhanced the general security system of the client’s banking, which complies fully with all the regulatory rules. For security, we included protected identity, access management, and advanced threat protection. For instance, we incorporated a more sophisticated firewall layer in addition to other enhancements.
Infrastructure Migration
We began by transitioning the clients core banking systems, databases, & applications to the cloud, which served to eliminate downtime while increasing data integrity.
Resource Scaling
Next, we enacted auto-scaling features, enabling clients to control resources in a way that depends on workload changes.
Continuous Monitoring
To ensure the viability of sustainable resource management, continuity was next, with a focus on checking opportunities for additional savings without affecting them positively.
Security Integration
The last security components that were incorporated were encryption, identity & access management, and other security checklists for data stewardship.
The Problem
Since it is one of the most modern and innovative banking firms, it has problems with its payment system design. The resources allocated in the value chain mapping plan were not optimally utilized based on the cost incurred. Hence, we customized our proposal to our specific strength and experience of cloud computing in banking to convince our clients that we are the right choice for them. We revealed our proposal on how to introduce cloud optimization within their digital banking platform.
Our Role
- Conceptualization
- Design
- Development
- Deployment
Project Challenges
1. Scalability Issues
Since it is one of the most modern and innovative banking firms, it has problems with its payment system design. The resources allocated in the value chain mapping plan were not optimally utilized based on the cost incurred. Hence, we customized our proposal to our specific strength and experience of cloud computing in banking to convince our clients that we are the right choice for them. We revealed our proposal on how to introduce cloud optimization within their digital banking platform.
2. Inflexibility
It was noted that the existing infrastructure was somehow lacking the flexibility needed for presenting new services. It was always critical to achieve the best form of data security and adherence to regulatory measures.
Results
The DevOps Experts India cloud team, which has been widely experienced in cloud computing, developed a strategy to cut costs. Our client was able to control business resources properly. The security of the banking system was enhanced with complete data transparency, which further enhanced better customer relations.
Overcoming general issues within the banking structure and implementing the processes, we excluded any security issues, increasing the solution’s operational functionality. Well-managed and demonstrating a strong approach to its software development and innovation, DevOps Experts India has consequently become a strategic technology supplier to the digital bank.
Improved Scalability
The client noted improved scalability as he was easily in a position to handle more transactions during seasons without experiencing a lag.
Cost Optimization
Pay-per-use operating model and resource optimization contributed to maximized loss cuts down in operating costs.
Agility and Innovation
The bank achieved faster deployment of the latest features, enabling quicker responses to cater to diverse demands and staying ahead of competitors.
