Finova

challenge

Finova looked for a delivery partner with the skills and experience to help build the next generation of its fully managed service offering in the Microsoft Azure cloud.

To enable repeatable, successful cloud migrations for Finova’s client base, the company required expertise in managing and supporting complex and regulated workloads.

Neil Locke, Head of Cloud Implementations at DPR, commented:

“Right now, organizations in a wide variety of industries are moving towards cloud hosting, due to its ability to improve the efficiency, security and flexibility with which they do business. DPR is committed to becoming the chosen partner of mortgage and savings businesses wishing to embrace cloud-based technology. Our aim when helping businesses through their digital transformation is to provide a secure and seamless journey. With help from Tectrade, we can now also assist with clients’ migration to secure core banking software in Microsoft Azure.”

SOLUTION

Finova engaged Tectrade to build the cloud framework which enables it to migrate clients, including The Cambridge, to its core banking software running in Microsoft Azure. Tectrade was a natural choice for Finova: in a partnership of seven years, the companies have completed multiple successful projects and developed mature processes in close collaboration.

Tectrade provides implementation and managed services to ensure Finova’s clients can use the new public cloud platform to its full potential. Together, Tectrade and Finova can meet increasingly demanding governance requirements from financial service regulators.

Finova’s clients can choose from a range of templated, automated services to achieve the level of resilience that their regulators require. From active-active deployments to entry-level environments, Tectrade’s proprietary automation software ensures low-risk, rapid migrations.

outcomes

With help from Tectrade, Finova has diversified its service offerings to accommodate a growing demand for cloud-hosted services.

Finova can now deliver cloud-native features to clients, helping them to find competitive advantage in a rapidly changing marketplace.

For example, with The Cambridge, Finova was able to reduce overnight batch processing times while improving disaster recovery and business continuity capabilities.

Trevor Tannenbaum, Head of IT & Change at The Cambridge Building Society, commented:

“The plan was executed perfectly, and all key milestones delivered on time. Now that we are live on Azure, we are starting to see the benefits. The flexibility that the cloud offers will enable us to manage growth and accelerate our overnight processes to allow customers full access to their accounts throughout the day.”