Our client is a mid-sized UK bank that is a challenger in the B2B space. In order to enable a speedy launch, 6 years ago, they had purchased ‘off the shelf’ banking back office and front office solutions and had shared a data centre with a partner firm.
It was clearly understood that these decisions were now restricting growth. In addition, many of the servers were approaching the end of their support contracts.
The client had spent a significant amount of time mapping their ecosystem which gave us a good starting point. We used a range of tools to establish which systems were in active use. This identified some redundancies. We also reviewed their licensing and hardware contracts, many of which had not been reviewed for five years.
Alternate banking solutions were identified which provided a proven migration path from the current systems and enabled a faster pace of change using a DevOps approach.
Most of the systems were migrated to AWS (native for the main banking solution) and we implemented O365 for all users. The agreed strategy had a stated direction of travel of Cloud First solutions.
Much of the cost of the new solution was covered by not replacing old servers, ceasing to rent space in the data centre and contract review savings.