Objective

• Client wanted to migrate its next generation cross asset digital banking platform to cloud in order to scale the business due to client demand and product complexity
• Aim was to pursue a hybrid cloud set up where it wanted to host approx. half of application in mix of public and private cloud and remaining in mainframe infrastructure 
• Client wanted to use cloud not only for migration but building tools and testing
  

CRISIL's solution

• Pre Migration:
  
  • Preparation: reviewing security and compliance needs
  • Set up test cloud site 
  • Application evaluation
  • Data migration to test cloud, data quality check
  • Production migration plan creation
  • Pilot migration 
    

• Migration:
  
  • Data and application import to cloud site
  • QA of imported data/applications 
  • Parallel run 
  • Scheduled server retirement 
    

• Post  Migration:
  
  • Launch and onboarding user to cloud
  • Quality and risk management 
  • Knowledge management
    

Client impact

• Business scalability: Client was able to scale the associated business and was able to handle increased customer requirement and product complexity  
• Regulatory oversight: Moving to cloud helped client improve the governance framework around data and application management and was able to convince to regulator that associated operational risk were in control 
• Cost efficiency: Client was able to get away with cost associated with running multiple server and maintenance
• Enabler: This migration success acted as a precursor to migration of its QIS (quantitative investment strategy) and AMC business to cloud
• Strong operation control: It provided the client with better resilience and control due to retirement of multiple servers
• Efficiency improvement: The agility provided by cloud Integrated coupled with real time dashboard/metrics helped in improving efficiency
  

Questions

Looking for high-end research and risk services? Reach out to us at: