- Industry : Banking
- Country : UAE
With a constantly changing market, Multi Banks realized the importance of migrating to a cloud-based environment to meet the client’s demands from availability, security, and reliability that can serve multiple applications covering Forex, Metal, Shares, Indices, Commodities, and Cryptocurrencies exchange. Historically, Multi Bank tried to achieve all the above by acquiring new physical servers, resources, and software licensing that required a large upfront investment and a lot of time to prepare and set up the new resources where mistakes had a hugely expensive impact on the business. Thus, scalability was very important.
The Challenge
Building highly available, scalable and secure applications was getting difficult and extremely costly in their on-prem (private cloud) setup. It would not have been possible to expand their services in 90 countries across the world without using services from AWS like CloudFront.
Why AWS
MultiBank Group chose to launch their cloud journey with Amazon
Web Services (AWS) because of the resilient global cloud
infrastructure and services they provide to customers by
delivering the most robust security requirements globally and
providing customers the ability to modernize their
infrastructure that can handle unexpected spikes in customer
traffic to drive business growth.
Moreover, technical leads at Multi Bank explored the power of
AWS's global edge network that can serve their clients globally
with more than 215 Edge locations in 90 cities across 47
countries and that was another great advantage that can help the
organization expand its service as their business grows and
evolves.
Why Zero&One
With a fully certified team of 50+ cloud engineers, Zero&One will be able to recommend the best practices for migration and take care of infrastructure monitoring end to end.
The Solution
Both teams had long discussions to assess and evaluate the
business and technical side of their current infrastructure
where they dove into short and long-term goals and objectives to
start building the roadmap on how to move forward on their cloud
journey. Following that phase, a new AWS account was created for
MultiBank to help their staff discover the various services to
gain experience and confidence before building a plan for the
migration. During the migration process, Cloud Endure was used
to replicate the on-premises workloads into a staging area in
the sub-second range and then utilized Amazon Elastic Compute
Cloud (Amazon EC2) Reserved Instances, Amazon Simple Storage
Service (Amazon S3) to store their static objects, Amazon
Relational Database Service (Amazon RDS) with Multi-AZ to store
the clients’ personal data in a highly available managed
database service that requires zero maintenance efforts from
MultiBank technical team thus reducing the maintenance overhead
drastically.
The network setup was one of the most important aspects to serve
the client’s requests where Amazon CloudFront was utilized as
the first point of contact for all requests which then forwards
the traffic for Amazon S3 buckets to serve static content and
Elastic Load Balancing to automatically distribute traffic
across multiple targets. At this stage, almost all resources
were successfully migrated to AWS, and then both teams were able
to migrate the core site of Multi Bank which had the most
significant load amongst all the production applications with
almost zero downtime and data loss. Moreover, the Zero&One team
helped MultiBank set up a cloud-native and modernized solution
on AWS that was able to solve a critical problem they had
on-premises which is integrating all the production applications
their core CRM system by utilizing Amazon DynamoDB, Amazon
DynamoDB Stream, Amazon API Gateway, and AWS Lambda.
Results and Benefits
Using AWS, MultiBank has improved the application uptime, and
page-load speed by serving static content from Amazon CloudFront
and automatically scale their instances in a load-balanced
environment using Amazon EC2 Autoscaling to meet the customer’s
demand without the need to configure additional resources to the
running machines. MultiBank's digital transformation enabled
them to lead the financial industry by constantly adding new
features and enhancements to their applications that allowed
them to increase the number of deployments by 300% compared to
their on-premises infrastructure.
This transition also had a positive impact on Multi Bank
developers and the IT team as both teams had more trust in the
robust environment, they had on AWS which allowed them to
innovate, and experiment with new cloud features that can be
easily utilized without having to worry about maintaining the
underlying infrastructure. In addition, the modernized
cloud-based solution on AWS was able to synchronously share user
and activity data in a centralized CRM system eliminating the
hassle of manually exporting that data on a regular basis and
saving more time and effort compared to the on-premises
solution. Finally, MultiBank was able to cut costs by 55% using
EC2 saving plans and Amazon EC2 Autoscaling.
Applying Zero&One Managed Services core principle, “Much More
Than Just Keeping the Lights ON!”, Zero&One cloud operations
team took over the responsibility of operating & Optimizing
Multibank infrastructure offering our beneficial CarePlus
support structured on AWS well-architected framework pillars.
