Case Study: a leading financial services company moves its risk assessment system to the cloud with SoHo Dragon, Snowflake, and Power BI

Risk Assessment System Moves to the Cloud with Snowflake and Power BI

The customer, a leading financial services company, faced a challenge with its legacy on-premise risk assessment system. Its SQL Server database and Cognos/Qlik BI tools could not scale to handle the firm's growing clientele and trillions in assets, hindering its agility and ability to manage risk compliantly. The company engaged vendor SoHo Dragon to help migrate its system to the cloud.

SoHo Dragon implemented a solution by migrating the database to the Snowflake Platform and the business intelligence reporting to Power BI. The team took a phased, incremental approach, meticulously migrating and validating over one thousand reports. The result is a modern, agile cloud infrastructure that has delivered significant cost reductions and improved capacity, with more than half of the reports already running smoothly on the new system.