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Driving Efficiency in the Cloud: Transforming Data Operations with a Cloud-First Strategy for a Large UK Bank

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Overview.

A major UK bank faced the challenge of managing vast on-premises data while seeking to optimize operations and gain insights. The bank aimed to migrate to a cloud-based environment, establishing a centralized platform for data, governance, security, and analytics. Additionally, seamless data replication between on-premises and cloud was essential for a phased migration. 

Challenges.

  • Managing and leveraging vast on-premises data
  • Establishing a cloud-based data operating model
  • Ensuring seamless data replication between on-premises and cloud
  • Implementing robust data security and governance measures

Solution.

Coforge implemented a comprehensive AWS cloud solution to address the bank's challenges. Key components included: 

  • Migrating all data requirements to AWS 
  • Developing near real-time dashboards using Power BI with automated provisioning 
  • Integrating automated monitoring with self-healing mechanisms and machine learning 
  • Building predictive models for fraud detection and transaction monitoring

The Impact.

Coforge’s solution delivered significant benefits:

Headcount reduction 20%
Real-time monitoring success rate 99%
Reduction in false transaction monitoring alerts 30%
Fraud reduction 50 basis points
Expected revenue increase £500K/year
Anomaly detection accuracy 99%

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