Why banks are betting big on multicloud

UTI AMC’s great cloud migration in India

Growing competition and rising demand from customers for digital-first, intelligent services have prompted UTI AMC, India’s leading financial service institution, to migrate to cloud-based infrastructure and become data-driven. With over 10 million investor accounts and 150 branches across the country, they needed to upgrade their legacy infrastructure, as their innovation-led growth strategy relied heavily on the capabilities of a modern IT environment.

However, they were concerned about the management and security of the future, modernized landscape. Due to the highly competitive nature of the asset management industry, UTI AMC also needed to ensure that moving to a new IT environment could be done while optimizing operational costs.

A predictable yet cost-effective solution to reduce capex and significantly improve system performance was needed for the transition. Equally critical was the ability to demonstrate tangible cost optimization while enhancing visibility, governance and performance of their IT estate.

To kickstart their transformation journey, UTI AMC partnered with us to take advantage of our expertise in managing complex and mission-critical multicloud environments, delivering similar solutions to India’s largest organizations, as well as our expertise in cloud transformation, large data center migrations and agile platform-delivered managed services.

The modernized IT infrastructure provides the company with increased agility, accelerated time to-market, higher availability and cloud security in cost-effective deployment and operational models. It also enables on-demand scaling, reducing capex and costly infrastructure upgrades, leveraging a flexible pay-per-use model. 

A larger Azure footprint for Redburn’s great IDEAS

As part of their ongoing commitment to drive innovation and elevate the customer experience, Redburn, Europe’s largest independent equities broker, was looking to increase their adoption of public cloud on Microsoft Azure for cost optimization , as well as greater agility and reliability.

The new deployment of their digital solutions, IDEAS, also provided an opportunity to accelerate their cloud-first strategy. IDEAS has a straightforward purpose – to help investors outperform equity markets through active stock and sector selection. To do so, it provides tools that help identify potential price efficiencies, construct equity strategies, conduct portfolio analysis and generate investment ideas.

Redburn focuses on ensuring the usability and reliability of IDEAS for their investors and were considering public cloud to create further opportunities for innovation. Microsoft Azure was selected as the best destination for IDEAS, with subsequent analysis to identify an appropriate application approach, both to scale and to run the IDEAS application with ease and confidence.

With our experience in the design, automation and 24/7 operation of critical digital platforms in Microsoft Azure, our team understood Redburn’s aspirations to expand the use of microservices across their IT landscape. We enabled their move to a microservices-based platform using our Cloud Transformation Framework – to firstly create the architecture principles required to govern the multi-region public cloud deployment and integration into Redburn’s existing private IT estate, as well as to ensure operational reliability and modernization of all existing Microsoft Azure

Optimized productivity and collaboration keep WOM Finance’s wheels turning

Wahana Ottomitra Multiartha Tbk (WOM Finance) is a leader in motor vehicle and motorcycle financing in Indonesia. In order to stay ahead of the curve, WOM Finance is focused on providing excellent customer service and experience. To deliver this, they needed to optimize their productivity and collaboration environment across over 170 offices in the country.

As part of a review of their software platforms, they identified the siloed nature of this environment as a key risk. On-premises email environments and multiple apps were used across the different sites, and their teams were finding it difficult to disseminate information. The fragmented nature of the environment also made it difficult for the IT team to provide the level of support that met the standards they had set for themselves.

With multiple and disparate collaboration and productivity across the organization, WOM Finance decided to standardize this environment to deliver the best client outcomes. To identify the optimal solution, they engaged with us to conduct an assessment of their environment and to assist them in designing a collaboration solution that met their specific objectives.

Working with our team, WOM made the choice to migrate to Google Workspace, giving them a full cloud-based productivity solution. Following an accelerated implementation, WOM Finance was able to enable their teams to work from home when it became necessary. The cloud-based collaboration environment keeps their team seamlessly connected while their IT team can focus on enabling the business strategy.