solution

Accelerated data modernization

on Hybrid multi-cloud platform

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Legacy data platforms come at a high cost to banks and financial services organizations, often limiting their ability to offer leading-edge services to end customers. Operation and maintenance of legacy systems nearing their end of life are not only costly but also fraught with challenges. Unable to handle exponentially growing volumes and variety of data, these systems fail to meet evolving customer expectations. It’s time for banks to rethink their technology landscapes and modernize legacy data platforms to be able to offer innovative digital features and capabilities that customers now expect.

Virtusa can help you setup a scalable, cost-efficient, and reliable hybrid data platform. Whether you are currently using an MPP database (Teradata/Netezza/Exadata/Greenplum) or an RDBMS (Oracle, SQL Server, DB2), we can quickly and efficiently migrate your data to cloud-native platforms on Cloud (AWS, Azure, GCP) using our proprietary accelerators. Our robust hybrid design allows banking & financial customers to leverage full potential of cloud infrastructure combined with on-premise data containers.  We can help you derive maximum value from your enterprise data warehouse with a much lower total cost of ownership (TCO) through data warehouse modernization.

 

Report

Unlocking Value in a Modernized Data Warehouse for Financial Services

Presented by IDC and Virtusa

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Data Platform Modernization

We use our proprietary Data Pipeline-as-a-Service and engineering accelerators to fast-track data modernization including data governance as per banking standards and help you achieve 30% productivity gains.

By leveraging our large-scale data transformation experience and Cloud Data & Analytics Competency, we accelerate your data modernization journey. To ensure integrated performance across the stack, we leverage our service and topology discovery process to build attack plans for a specific targeted blast radius. We can execute comprehensive attacks at every layer of the application stack. Also, application-level fault injection offers tighter control based on data identifiers/input parameters.

Virtusa’s banking and financial services technology expertise, coupled with engineering accelerators and extensive digital transformation experience, delivers significant benefits to our clients. Virtusa is helping banks and credit unions across Regulatory, retail, consumer banking, and wealth management to improve their application resiliency.
Data Platform Modernization
Our capabilities:
Our capabilities:
  • DB Modernization - Migrate from on-premise DB2, Oracle, SQL Server to cloud native data store
  • Data Pipeline Automation - E2E data pipeline automation including run-time data operations dashboards
  • DQ Automation – Automated DQ processes, ML driven Rules Engine, DQ dashboard and alerts at every stage
  • DW Modernization - Consolidate data marts, migrate from Oracle/Netezza/Teradata-based DW to a cloud data warehouse-as-a-service
  • Data Integration (ETL) Consolidation - ETL migration and convert homegrown DI jobs to ETL of choice
  • Advanced Data Governance - Build data catalogue to capture business and technical metadata and enable data stewardship
  • Data Lake Modernization - Migrate from on-premise Hadoop and other NoSQL platforms to data lake services on cloud in order to solve data diversity challenges and run large ML workloads
  • Self-Service Data Prep - Implement/configure self-service data prep to empower users, build APIs to enable self-service and reduce data redundancy
Key Benefits:
Key Benefits:

With Virtusa as a partner, your organization benefits from:

  • A tool-based approach that reduces risks to modernization
  • Virtusa’s proprietary Data Pipeline-As-A-Service and engineering accelerators (DB Analyzer, Code Converter, BPaaC) that use automation to accelerate data warehouse modernization by 30%
  • Deep banking and financial services technology expertise
  • Cloud transformation expertise (experience that far beyond data & analytics)
  • Digital engineering skills
  • AWS partnership and commitment to innovation

Learn how we can help your organization modernize your data platform

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