SBI Bank Migrates to CROC's Hybrid Cloud
Migrating systems to the hybrid cloud enables the bank to promptly adapt its product line to suit customer and market needs.
The bank has successfully migrated 30 application systems to the agile IT infrastructure of CROC’s hybrid cloud to expand technical capacity, thus reducing IT infrastructure expenses four-fold and speeding up new product time-to-market.
«Our key task is to offer our clients simple and useful solutions. We systematically study consumer behavior to stay current on client needs. To develop a rapid-growing product line and cut costs, we have migrated approximately 90% of banking systems to the cloud,» said Andrey Karyakin, Chairman of the Board, SBI Bank.
Migrating systems to the hybrid cloud provided the bank with technical resources to promptly create new products, manage big data, improve system fault tolerance, reliability and security, and flexibly manage the bank’s IT infrastructure expenses. Two months prior to this solution implementation, the CROC Cloud Services team audited IT systems, advised the bank on the most cost-effective upgrade, and provided a comprehensive picture of the legacy IT processes running in the customer’s infrastructure. The audit results helped design a to-be infrastructure with anticipated growth in mind.
«Migrating enterprise systems and bank infrastructure to the cloud is always a challenge, with no two projects ever being the same. Financial institutions often operate legacy systems with ever-evolving architecture. It is most important to know how the system will act in the cloud; therefore, we always recommend to start any ambitious project with a thorough audit. An infrastructure and business service survey, joint process planning for the future, app architecture optimization, and close work between providers and clients generally make the most of cloud capacity and ensure protection against failures,» said Maxim Berezin, Development Director, CROC Cloud Services.
SBI Bank decided to migrate its systems to the hybrid cloud as part of the strategy approved in 2018 for entering the remote banking services retail market and creating a unique online ecosystem for entrepreneurs.
About SBI Bank
SBI Bank is a Russian bank with 100% Japanese capital that has been operating in the Russian financial market since 1994. In 2017, the bank joined SBI Holdings, Inc., a large financial corporation, which comprises 250+ leading fintech companies, high-tech and biotechnology projects in Asia. SBI Holdings, Inc. is one of the online banking leaders in Japan and South Korea, as well as a world leading blockchain technology company ranked among the Forbes Global 2000. SBI Holdings, Inc. manages $8.2 billion in investment funds.
For additional information, please contact SBI Bank PR service (email@example.com) or Alena Bogoslovkaya from Market Group PR agency by phone (8-495-137-70-25) or e-mail (firstname.lastname@example.org).