Fintech, is among the fastest-growing areas in technology innovation. The Global Fintech in 2018 saw an exponential investment increase of $41.7 billion dollars.
It is now imperative for companies to adopt financial and technological advancements to fulfill customers’ expectations with a growing focus on Rapidity and Reliability.
In this article, we will talk about how a leading financial company with over 400 branches in 21 states from coast to coast serving 400K+ customers and providing financing solutions for 11000+ retailers, with the help of our experienced set of Architects and Data engineers has significantly reduced redundancies concerning time and resources by migrating Terabyte of data to the cloud.
PROBLEM:
There is no doubt in anyone’s mind that security is the main concern when embracing cloud-based technology. With terabytes of data that needed to be managed, organized, and operated, the usage of physical resources increased the cost of operations.
The maintenance and security of the precious data turned out to be a very critical area to be enriched.
The finance industry generates unbelievable amounts of data on any given day due to millions of card transactions, stock market transactions, loans, documents, and payments. Traditional IT setup required constant upgradation and maintenance. Manual operation of data also scattered and decentralized the load which led to operational lagging and expensive functioning. The lack of Real-Time Systems resulted in longer processing time.
This way of treating data was not scalable at speed ultimately resulting in frequent failures.
SOLUTION:
We helped the company scale and adapt at speed, accelerate innovation, drive business agility, streamline operations, and reduce costs by migrating their data load from PDI and /or SSIS to ADF. This enabled the organizations to gain a 360-degree view of customer behaviors and preferences from multiple inputs.
By adopting cloud solutions we enabled disaster recovery by automating offsite backups so as to minimize downtime in the event of a disaster. and also removed the need to have an infrastructure for physical storage.
And, for those who are worried that they’ll end up paying for features that they neither need nor want, most cloud-computing services are pay-as-you-go.
Our team of skilled engineers helped the company develop a data pipeline on the Data factory to migrate scattered data to the cloud for cost and resource optimization and automation of extensive processes which were done manually. We also helped them build a data lake and data warehouse solution to expand their storage capacity, performance and analytical BI-Efficiency.
The benefits of cloud computing can only be realized through successful migration and we as a team have just the right resources and be the solution provider that you need to Rearchitect your Data System into a system that has a futuristic approach, is Scalable as per the need and is Open-Ended. We provide you End to End Automation enhancing the efficiency of your operations that doesn’t just result in Cost Optimization but also in increased Profitability
Afterall, virtualization is the new need of modernization!!
