Redwood Bank & DPR Consulting win accolade at Banking Technology Awards
8th January 2019
I was delighted to attend the Banking Technology awards in December and celebrate with Redwood Bank as they and DPR Consulting were named winners of the Best Use of Cloud category plus being named amongst the finalists in the Best Use of IT in Corporate Banking category.
Described as “the UK’s first business challenger bank to be completely born in the cloud”, Redwood Bank launched in August 2017 with a view that the cloud was a secure, timely and cost-effective platform on which to build a new bank.
The Redwood team required a cloud service provider who offered established SaaS/IaaS solutions that could stand up to the strict regulations of financial institutions including the PRA and FCA. They selected the Savings and Commercial Lending platform offered by DPR Consulting as their preferred core banking solution – and CSI were the chosen as the specialist infrastructure partner to support in the transition of DPR’s software into the Microsoft Azure Cloud.
Over 9 months DPR ran two RFP’s to select the best hosting partner. The CSI team demonstrated our knowledge of the DPR platform; how it can be delivered on all major clouds and produced a roadmap to show how it can move to a cloud service architecture.
It was the key engagements from several CSI subject matter experts that sealed the deal and persuaded both DPR and Redwood that CSI were their best choice partner to minimise the risk of delivering the platform on time and ensuring it was compliant and secure.
I’m very proud to work with the teams at both DPR and Redwood Bank and look forward to growing both the relationship and the trophy cabinet as our joint success continues! Congratulations to everyone involved in this award.
By Matthew Clemow– Client Director, CSI