Case Study: Global Bank achieves $40M annual IT savings with Cloud Technology Partners

Global Bank - Customer Case Study

Cloud Technology Partners worked with Global Bank, a large financial institution facing a manual, error-prone post-trade settlement process, brittle system integrations, and a need for 24x7x365 availability while also aiming to cut annual IT spend by 20%. The bank was also relying on a large captive center with junior developers to deliver new functionality.

Cloud Technology Partners provided strategy, roadmap, design, implementation, and operations for an automated post-trade settlement solution on a private cloud, including evaluation and selection of open-source components and development of a mission-critical high-volume transaction platform. The result was a reduction in IT spend of $40M per year, an expected 12-month improvement in time to market, support for up to 15 million transactions per day, self-healing infrastructure-aware application behavior, and zero unplanned downtime.