CloudEngin Modernization
for Banks on Microsoft
Azure
- Single SLA upto app layer
- Dedicated centre of excellence for BFSI
- 1600+ Cloud Experts
Overview
A cloud strategy especially for organizations in the banking space needs to resonate with the philosophy of an ever-evolving business while simultaneously shouldering the traditional cultural virtues of the finance industry and reinventing them to serve customers better. It should take into consideration not only the present but also the future – adopting tomorrow’s technologies more effectively. A well-thought-out cloud adoption strategy can not only provide increments in cost-savings but can instead pave the way for a transformational cost-efficient journey for the bank going forward.
Whatever cloud adoption stage your bank is in, CloudEngin can help you migrate and modernize your bank on Microsoft Azure using cloud native transformation tools and implement application focussed managed services to further cut back on costs, bring operational efficiency, scalability, agility and resilience.
CloudEngin and Azure – A Winning Duo for any Digital Transformation Initiative
CloudEngin, an Azure Expert MSP, helps banks be ahead in the cloud adoption game. Together, we make the cloud journey of an enterprise more frictionless and secure than ever before. With a cloud adoption and service delivery framework that is built to support diverse architectures and requirements, CloudEngin offers Azure Managed Services with a Single SLA up to Application layer..
Find out how CloudEngin – a true pioneer in cloud banking can deliver tangible value for your bank with digital transformation and application focused managed services.
Looking for a born-in-cloud partner for your Banks's digital transformation goals?
Dedicated BFSI Practice at CloudEngin
At CloudEngin, banking and financial services is a dedicated practice where we help banks in building the right transformation strategy. No matter what type of bank, financial institution or payments services company you are, we have a customized approach to modernize your IT and deliver the cloud benefits you are looking for.
If you are running a co-operative bank, chances are that you are considering to modernize your core systems selectively, in an incremental manner. Depending on which cloud adoption stage your bank is in, we give you the flexibility to modernize the workloads and process you choose. For example, we can start by moving non-core banking applications and gradually migrate your core banking application.
As CIOs looking to fast-track innovation and provide better customer experiences, your cloud priority is likely to adopt frameworks that facilitate new mobile, internet banking and corporate portal features. Likewise, we also guide established banks to migrate – product by product or geography by geography in a ‘Lift & Shift’ manner to new core banking platforms on existing infrastructure or implement a ‘Modernization’ approach for data, infrastructure and applications.
Institutions can achieve deeper partner ecosystem collaboration by building APIs on Azure for internal and external use. Azure promotes reference standard API models such as the Banking Industry Architecture Network (BIAN) and collaborates with the industry to deliver innovative products that enhance the customer experience. Based on a service-oriented architecture, BIAN assists banks in improving their architectural maturity and implementing their digital banking initiatives thereby extending a better user experience and transaction quality.
CloudEngin in partnership with Microsoft Azure can help you launch a challenger, born-in-the-cloud bank with a new identity and a new set of supporting processes. Your bank can leverage RPA to enhance process times and build real-time data hubs or data lakes to generate insights and come up with new products. In addition to applications hosted on cloud being faster, smarter and resilient, banks have the power to leverage all the managed services features that cloud offers.
Application Focused, High-End Cloud Managed Services Provider with Factory Approach
CloudEngin has extensive experience in designing and delivering customized comprehensive banking solutions across diverse geographies and markets. Our proven cloud adoption framework for banks has been developed based on ground realities that will give you an accurate understanding of where you stand and how best your organization can achieve the digital transformation goals.
Our advanced managed services are designed to help banks at various stages in their life journey to adopt technological solutions that will significantly boost their capabilities to meet customer expectations while managing increasingly complex regulatory and compliance requirements.
So, you need to move to Microsoft Azure. But why partner with CloudEngin?
CloudEngin Offerings for Cloud Banking
CloudEngin offers advanced assessment services to ensure that your path to cloud transformation is as seamless, quick, and cost-effective as possible for the financial sector. Starting from your Infrastructure as-is analysis report to security and compliance to business continuity and business process gap analysis and mitigation plan, our team of experts ensures the optimum solution for you at every step.
- Dependency-based Assessment
- Industry-leading Migration Strategy
- Reference Architecture for Banking
- High Performance Environment
- CloudEngin NexGen Approach to Cloud Adoption
Workload migration transforms the bank’s complete IT landscape. Migration to the cloud has to be carefully planned, designed, and executed at each stage to successfully move to the new IT infrastructure. Our global experts will help you successfully transition for greater efficiency in three areas.
- Infrastructure
- Data and application
- Cybersecurity
Leading enterprises are doubling their data footprints many times each year. They are looking to simultaneously reduce costs, take advantage of newer forms of big data, and enjoy greater flexibility in analyzing data, with powerful AI and ML algorithms. And all of these are possible by modernizing data, i.e. moving data from legacy databases to modern cloud-based databases.
- Expertise and Experience on Public Cloud platforms
- CloudEngin Migration factory enabling Data migration
- Military grade data security for data
- Zero downtime migration methodology
- Complex and Large-scale migrations
- Three-pronged migration approach ensuring Data integrity
Banks need to migrate to a DevOps deployment model to bring in agility and faster go to market. CloudEngin DevOps strategies help banks in accelerating the release process by automating testing and releasing new versions of the application code on the fly. On Azure your bank receives a unified data strategy leveraging the open source, languages and framework and enabling interoperability.
- GitHub DevOps
- Azure Virtual Studio Code (VS Code)
- Azure Data Catalog
- Azure API Management
- Azure Logic Apps
Banks need to keep up with the ever-evolving customer demands through real-time hyper personalization, instant scalability, and response to evolving security challenges—all of which cannot be achieved with traditional on-premise systems. Containerization is secure because applications and data are ‘contained’ within a workload and not visible unless made so—there is no ability to impact other containers. The container-based orchestration environment provided by Kubernetes offers significant flexibility in relation to building a bank’s cloud environment, whether in the public cloud, private cloud, or hybrid.
Kubernetes as a Service with Azure Kubernetes Services (AKS) helps banks develop, run, and manage cloud applications in multiple environments, delivering agility and reliability in an on-premise environment. Rapid deployment and updating of applications, and maximizing resource utilization are also enabled.
CloudEngin can help your bank accelerate the security and compliance process by creating a comprehensive compliance roadmap and providing you the necessary people, process, technology metrics. Some of the key compliances and standards that CloudEngine will help you adhere to are as follows.
- RBI Compliance
- GDPR Compliance
- IRAP
- GxP
- The Monetary Authority of Singapore (MAS) Compliance
- Saudi Arabian Monetary Authority (SAMA) Compliance
- Bank Negara Malaysia Compliance
- PCI-DSS ASV Scanning
Banks on Azure get access to the latest innovative capabilities and next-generation technologies such artificial intelligence and machine learning with a platform partner like CloudEngin. Your cloud strategy can now be considered complete with Azure capabilities helping your bank reinvent customer experience with advanced cloud technologies.
- Azure Synapse
- Azure Blockchain Workbench
- Azure Cognitive Services
Financial institutions around the world have great potential in open banking APIs. We create an approved gateway that will enable interaction between your banking application and external third party applications within industry record time. APIs that most appeal to FinTechs are the ones that are easy to use and tailor-made.
- Digital-integration
- Agile Financial Services
- Financial Technology Transparency Options
With its Managed DaaS offering, CloudEngin has successfully on boarded thousands of users across industry verticals on virtual desktop environments such as VMware, Citrix, and Microsoft WVD. CloudEngin offers configuration, installation, integration, UAT services to ensure readiness of the back-end cloud infrastructure.
- Automated problem, change & incident management policies deployment
- Resilience Design
- Infrastructure Security
- User experience management
- Security & Compliance control monitoring and management
CloudEngin has created Bank-in-a-Box in partnership with leading core banking and digital banking application providers to give you a single point of accountability with SLA at application login. The cloud framework is built to align with the demanding needs of security, compliance, availability, and flexibility, enabling banks to launch their products into the market faster, besides accelerating their digital transformation journey.
- Hosted in 26 countries locally
- Highly secured private cloud environment
- Comprehensive security with 40+ controls with over 26+ security tools
- Single SLA delivered at application login
- Flexible pricing model per branch, per transaction etc.
- 24*7 proactive support & monitoring
- Built in scalability to handle traffic spikes
- Regulatory approved security stack, tailored industry-wise
CloudEngin AIOps managed services use a combination of AI, ML, and analytics to optimize live operations for better performance, billing, security, and availability. We ensure seamless solutions to Auto Remediation, Auto KMDB, Data Sovereignty, and Fraud Detection. Azure offers a consistent performance and scalability across edge, hybrid and cloud with Azure native tool services.
- Azure Stack
- Azure VMware Solution (AVS)
- Azure ARC
- Azure Active Directory
CloudEngin Threat Detection and Vulnerability Management solution includes continuous discovery of vulnerabilities and misconfigurations. Threats are prioritized based on the business context and the ever-evolving threat landscape. The solution helps identify machine-level vulnerabilities during incident investigations.
Azure promises comprehensive security and compliance industry coverage with advanced security tools.
- Azure Sentinel
- Azure Vaults
- Azure App Security Group
- Azure Security Center
Frequently Asked Question
What is Cloud Banking?
Cloud banking provides a range of cloud solutions to the banking industry to gain agility, resilience and efficiency by leveraging the benefits of cloud applications that legacy systems cannot provide while optimizing infrastructure costs.
Cloud service providers such as CloudEngin offer out-of-the-box cloud environments to meet the specific needs of the BFSI sector globally.
What is a significant benefit of cloud banking?
Cloud banking enables banks to meet their priorities such as enabling technologies to provide highly relevant customer experiences, attract customers and build customer loyalty while improving business efficiencies.
The significant benefit of cloud banking is Lower TCO and operational efficiency. A cloud environment enables rapid scalability both vertically and horizontally.
Which banks are using cloud computing?
Banking giants with a strong local and global presence, game changer banks, neo and challenger banks, microfinance institutions and credit unions, there is no limit to the number of banks that are using cloud computing.
Bank leaders keen on reducing time to market and meeting customer experience expectations are reaching out to cloud service providers for cloud environments such public cloud, private cloud and multi cloud.
Why are banks moving to the cloud?
Cloud technology has proven itself to be a cheaper, faster, and elastic alternative to on-premise data storage. Cloud solutions such as DevOps, Automation, Security, Compliance Backup and Replication have delivered true value and resulted in improvements in business efficiency.
With a strong cloud strategy, customer insights can be used to deliver better services and enable revenue generation for the banking sector.
Modernize your Bank's digital architecture on Microsoft Azure with CloudEngin
Schedule a consultation with our Cloud experts and get answers for any specific queries you may have. You can also schedule a visit to our Datacenters, or share feedback on our website and services.