A large wealth manager and custodian with more than USD 7 trillion in client assets, USD 31.9 million brokerage accounts and 32,000 employees across the globe.
THE CHALLENGE / REQUIREMENT
Constrained by internal data siloes and unsustainable legacy data warehouse costs (comprising significant license fees and infrastructure costs for handling petabytes of data), the client was looking for an integrated data platform that could handle a massive surge in current business volumes, and be ready for an impending conversion.
Time was a critical factor, and the client needed the integrated platform up and running in 18 months, so that there would zero impact to the end users during the acquisition. Further, it would need to be aligned to the enterprise public cloud and security standards.
Mphasis' multifold solution to address the client’s needs comprised the following:
Our 250-member global team worked on this solution to deliver the following outcomes and benefits:
Easy ability to scale – to meet the requirements of both a growth surge and the large impending acquisition
Significant cost reduction on account of moving away from high-cost, on-premise data appliances to the cloud