Client: A leading provider of financial data and infrastructure
Products or services: Fintech data, analytics, trading, and risk assessment tools
Geography or areas of operations: Worldwide
Number of employees: Over 18,000
The client was spending about 6 months after signing the contract to onboard their customers (investment banks, hedge funds and other financial institutions). This time was required to set up the infrastructure and make the data available since the applications were built on legacy and monolithic architecture. This delay led to three key problems for the client:
The client partnered with Wipro to embark upon an ‘App Modernization’ journey. Wipro helped the client break down the monolithic system into microservices architecture, built ‘glue’ components and wrappers, and delivered containerized applications on Google Cloud. Some of the key components used for this implementation were Google Compute Engine, Google Kubernetes Engine, VPC, Load Balancing, Firewalls, Persistent Disk, Stackdriver, and Cloud IAM.
Google Cloud Platform (GCP) was chosen to deliver this solution due to these capabilities:
The solution helped the client reinvent their business model, improve customer experience, shorten time to market and compete with nimble and agile start-ups in the FinTech world.
Customer onboarding time reduced to a few hours from 6 months and the client can now focus on core business opportunities, instead of handling IT infrastructure, build and management
Revenue realization also happens immediately, thus improving cash flow and profitability
Moving away from the fixed license model to ‘As-a-Service’ model has helped onboard more customers and fast-track adoption of Deal Tracking System
Wipro empowered the client to embark upon an ‘App Modernization’ journey leveraging our differentiated offerings on Google cloud platform. This engagement reinforces our ‘business first’ approach to help clients accelerate their cloud journey. Our solution helped the client re-invent their business model to ‘as-a-service’ and focus on their core business opportunities.
-Rajib Ghosh, Client partner, Wipro Limited.