Case Study

Cloud Migration Feasibility Study

    SUMMARY
    Avantage Reply assisted a European financial institution in conducting a feasibility analysis to evaluate the technical, operational, and economic viability of transitioning from their current on-premise credit risk calculation tool to the cloud-based solution. The key challenge involved consolidating input on the tool’s functionality usage from four distinct internal teams within a limited timeframe. Avantage Reply’s analysis encompassed technical, regulatory, and operational aspects, culminating in actionable recommendations that enabled the institution to make well-informed decisions regarding its cloud migration strategy while ensuring compliance with industry regulations and minimising associated risks.

    CUSTOMER GOALS
    The client aimed to explore the feasibility of migrating its credit risk calculation tool to the cloud version to achieve greater operational flexibility, cost optimisation, and scalability. This initiative was driven by the need to modernise its legacy systems, respond more effectively to market demands, and ensure alignment with evolving regulatory and technological landscapes. 

    CHALLENGES
    The new solution is a widely used credit risk calculation system in the financial industry, designed to support regulatory compliance, manage credit exposure, and provide advanced risk assessment analytics. Gaining an understanding of its current usage and customisations, ensuring transparent responses from service provider, and coordinating with four internal teams within a short timeline presented significant challenges. 

    SOLUTION
    Avantage Reply supported the institution by conducting a detailed feasibility analysis. This included: 

    1. Assessing the regulatory framework to ensure compliance
    2. Evaluating technical infrastructure for cloud readiness
    3. Analysing organisational workflows to identify areas requiring adaptation 

    The resulting recommendations provided a clear roadmap for cloud migration, addressing regulatory compliance, operational efficiency while mitigating risks associated with such a significant transformation. 

    CUSTOMER DESCRIPTION
    A major European financial institution.