Managing Unprecedented Workloads in Volatile Markets
14th May 2021
Guest blog by Rachel Allinson, IBM UKI, Ecosystem Marketing Manager
How FNZ manages unprecedented volumes on leading financial trading platform with the power of the cloud
2020 was a challenging year for all of us, for many differing reasons, but it was certainly not a year of standing still for most organisations. In fact, many businesses saw previous trends accelerate in 2020.
In a recent study McKinsey found “responses to COVID-19 have speeded the adoption of digital technologies by several years—and that many of these changes could be here for the long haul.” IT leaders confirmed, “companies have accelerated the digitization of their customer and supply-chain interactions and of their internal operations by three to four years.”
Driving Transformation the Financial Sector
Coping with market volatility in 2020, within an increasingly competitive market, was a huge driver of transformation for financial services businesses. Ensuring technology could continue to deliver secure, scalable and agile environments, in a cost-efficient way, was a strategic imperative for many organisations.
Our client FNZ is a global FinTech firm with £308B of assets under management. FNZ is constantly helping their investors reduce cost and complexity, whilst delivering a seamless service with more personalised solutions to help their clients achieve their financial goals.
To keep ahead in this fast-moving market FNZ must deliver software at a fast pace. This means launching new products and features in hours, not weeks, and that requires automation and best-in-class solutions.
Modernising Applications and Infrastructure
It is essential for FNZ to protect the technology investments made to date in their business applications, whilst ensuring a future pathway to continue the modernisation of applications and infrastructure.
FNZ needed open systems and agile platforms, with the ability to shift from on-premise to a hybrid cloud environment. The goal was to move from Capex to Opex whilst maintaining regulatory compliance.
Working with CSI, FNZ now has two key environments supporting their core strategy:
- The CSI PowerCloud platform for core production workloads, which provides a flexible, scalable and secure platform, with fast connection to a virtualised environment.
- Plus, the Test as a Service environment for development, which runs on IBM Power Systems Virtual Server, with Red Hat OpenShift and IBM Cloud Pak for Multicloud Management for consistent visibility, governance and automation.
FNZ benefits from a fully automated solution, with easy to provision temporary environments. Testing environments can be set up and torn down quickly, allowing a much more agile approach to the delivery of solutions in the IBM Power environment.
CSI PowerCloud Solution Outcomes
The CSI PowerCloud delivered an unprecedented volume of transactions in 2020, allowing companies using FNZ financial solutions to continue trading and cope with spikes in demand.
Running production workloads in CSI PowerCloud lowered operational costs by up to 25% when compared with on-premise systems with in-house support.
The automated Test as a Service environment is at least 15 times faster compared to carrying out the same task manually and can be deliveredfor as little as £100 per day.
Video Case Study: Hear CSI & FNZ discuss the solution benefits
This interview featuring Roy Struthers, Chief Commercial Officer at CSI, and John Cullen, Chief Technical Architect at FNZ, was recorded during THINK 2021, IBM’s flagship event for AI and hybrid cloud.
Hear how FNZ has achieved a replicable, secure hybrid cloud platform supporting accelerated business growth in this video.
Rachel Allinson is Ecosystem Marketing Manager at IBM UKI
For the original blog please visit the IBM site: https://www.ibm.com/blogs/think/uk-en/managing-unprecedented-workloads-in-2020s-market-volatility/